Accenture PLC reported second-quarter FY22 revenue growth of 24 percent year-on-year to $15.05 billion, beating the consensus of $13.44 billion.
New bookings increased 22 percent Y/Y to $19.6 billion. Consulting revenues rose 29 percent Y/Y to $8.32 billion, and Outsourcing revenues increased 19 percent Y/Y to $6.72 billion.
Geographic Market Revenue
North American market revenue grew 26 percent Y/Y to $7.08 billion; European market increased 24 percent Y/Y to $5.01 billion; Growth Markets Revenue rose 22 percent Y/Y to $2.96 billion.
Industry Group Revenue
Communications, Media & Technology segment revenue rose 29 percent Y/Y to $3.19 billion; Financial Services unit revenue increased 21 percent to $2.87 billion; Health & Public Service division revenue expanded 19 percent to $2.69 billion; Products segment revenue rose 30 percent to $4.33 billion; while the Resources unit revenue increased 21 percent to $1.97 billion.
Margin
The operating margin was consistent at 13.7 percent.
EPS of $2.54 beat the consensus of $2.20.
The company generated $2.16 billion in operating cash flow and held $5.5 billion in cash and equivalents.
Dividend
Accenture declared a quarterly dividend of $0.97 per share, up 10 percent Y/Y.
Accenture now looks to return at least $6.5 billion in cash to shareholders versus previously planned $6.3 billion.
Chair and CEO Julie Sweet said, “Our outstanding second-quarter financial performance demonstrates continued strong, broad-based demand across all our markets, services, and industries.”
Guidance
Accenture sees Q3 FY22 revenue of $15.70 billion – $16.15 billion, above the consensus of $13.94 billion.
Accenture raised the FY22 revenue outlook from $60.13 billion – $61.65 billion to $62.66 billion – $63.67 billion, above the consensus of $55 billion.
Accenture raised the FY22 EPS outlook from $10.32 – $10.60 to $10.61 – $10.81, above the consensus of $9.68.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
