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Feb 28, 2022
Accenture Q2 2022 Earnings Report
Accenture reported very strong second-quarter results and raised revenue and EPS outlook for fiscal 2022.
Key Takeaways
Accenture's Q2 2022 revenues reached $15.0 billion, marking a 24% increase in U.S. dollars and a 28% increase in local currency. EPS was $2.54, a 14% increase. Operating income increased by 25% to $2.06 billion. New bookings hit a record $19.6 billion, up 22% from the previous year.
Revenues are $15.0 billion, an increase of 24% in U.S. dollars and 28% in local currency.
EPS are $2.54, a 14% increase from the second quarter last year.
Operating income increases 25% to $2.06 billion, with operating margin of 13.7%.
Record new bookings of $19.6 billion are up 22% from the second quarter last year.
Accenture
Accenture
Accenture Revenue by Segment
Revenue by Segment
Consulting Revenue
CapyFin.com Forward Guidance
Accenture expects revenue for the third quarter of fiscal 2022 to be in the range of $15.70 billion to $16.15 billion, an increase of 22% to 26% in local currency. For fiscal year 2022, the company now expects revenue growth to be in the range of 24% to 26% in local currency and diluted EPS to be in the range of $10.61 to $10.81.
Positive Outlook
- Revenue growth to be in the range of 24% to 26% in local currency.
- Operating margin for the full fiscal year to be 15.2%, an expansion of 10 basis points from fiscal 2021.
- Diluted EPS to be in the range of $10.61 to $10.81, an increase of 21% to 23% over adjusted FY21 diluted EPS of $8.80.
- Operating cash flow to be in the range of $8.7 billion to $9.2 billion.
- Free cash flow to be in the range of $8.0 billion to $8.5 billion.
Challenges Ahead
- The invasion of Ukraine by Russia and the sanctions have increased the level of economic and political uncertainty.
- Third-quarter and full-year 2022 business outlook does not include assumptions for a significant escalation or expansion of economic disruption or the conflict’s current scope, which could have a material adverse effect on the company’s results of operations.
- Assumes a negative 4% foreign-exchange impact compared with the third quarter of fiscal 2021.
- Annual effective tax rate to be in the range of 23.0% to 25.0%.
- Foreign-exchange impact on its results in U.S. dollars will be approximately negative 3% compared with fiscal 2021.