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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.
Accenture
Accenture
Accenture Revenue by Segment
Revenue by Segment
Consulting Revenue
CapyFin.com 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%.
- Uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity
- Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks