- Accenture(NYSE:ACN): FQ1 GAAP EPS of $2.78beats by $0.15.
- Revenue of $14.97B (+27.3% Y/Y)beats by $750M.
- Operating income increases 29% to $2.43B, with operating margin of 16.3%, an expansion of 20 basis points.
- New bookings are a record $16.8B, a 30% increase in both U.S. dollars and local currency from the first quarter last year, with record consulting bookings of $9.4B and outsourcing bookings of $7.4B.
Q2 Outlook:Revenue of $14.30 billion to $14.75 billion vs. the consensus of $14.08B, an increase of 22% to 26% in local currency, reflecting the company’s assumption of a negative 4% foreign-exchange impact compared with the second quarter of fiscal 2021.
- Accenture raises its business outlook for fiscal 2022; now expects full-year revenue growth of 19% to 22% in local currency (prior 12-15% Y/Y revenue growth) vs. consensus growth of 13.67%; EPS of $10.32 to $10.60 vs. consensus of $10.13; and free cash flow of $7.7 billion to $8.2 billion.