Loading...
•
Nov 30, 2021
Accenture Q1 2022 Earnings Report
Reported very strong first-quarter results and raised business outlook for fiscal 2022.
Key Takeaways
Accenture reported revenues of $15.0 billion, a 27% increase in both U.S. dollars and local currency. Diluted earnings per share were $2.78, a 20% increase. Operating income increased 29% to $2.43 billion. New bookings were a record $16.8 billion.
Revenues are $15.0 billion, an increase of 27% in both U.S. dollars and local currency.
EPS are $2.78, a 20% increase from the first quarter last year.
Operating income increases 29% to $2.43 billion, with operating margin of 16.3%, an expansion of 20 basis points.
New bookings are a record $16.8 billion, a 30% increase in both U.S. dollars and local currency from the first quarter last year.
Forward Guidance
Accenture raises its business outlook for fiscal 2022; now expects full-year revenue growth of 19% to 22% in local currency; EPS of $10.32 to $10.60; and free cash flow of $7.7 billion to $8.2 billion
Positive Outlook
- Full-year revenue growth of 19% to 22% in local currency
- EPS of $10.32 to $10.60
- Free cash flow of $7.7 billion to $8.2 billion
- Second quarter fiscal 2022 revenue to be in the range of $14.30 billion to $14.75 billion
- Operating margin for the full fiscal year to be in the range of 15.2% to 15.4%
Challenges Ahead
- Foreign-exchange impact on its results in U.S. dollars will be approximately negative 3% compared with fiscal 2021
- Assumes a negative 4% foreign-exchange impact compared with the second quarter of fiscal 2021
- Company continues to expect its annual effective tax rate to be in the range of 23.0% to 25.0%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...