Accenture Holdings Plc (AHP) 10-Q Quarterly Report March 2017

NEW YORK; Mar. 23, 2017 — Accenture (NYSE: ACN) reported financial results for the second quarter of fiscal 2017, ended Feb. 28, 2017, with net revenues of $8.3 billion, an increase of 5 percent in U.S. dollars and 6 percent in local currency over the same period last year.

Diluted earnings per share were $1.33, compared with $2.08 for the second quarter last year, which included a $0.74 gain on the sale of Navitaire. Excluding this gain, diluted EPS for the second quarter last year were $1.34. For the first half of fiscal 2017, diluted EPS were $2.91, a 13 percent decrease from $3.36 for the same period last year. On an adjusted basis, excluding the impact of the Navitaire gain in fiscal 2016, diluted EPS for the first half of fiscal 2017 increased 11 percent.

Operating income for the quarter was $1.14 billion, an increase of 5 percent over the same period last year, and operating margin was 13.7 percent. For the first half of fiscal 2017, operating income grew 7 percent to $2.47 billion, or 14.7 percent of net revenues – an expansion of 20 basis points from the same period last year.

New bookings for the quarter were $9.2 billion, with consulting bookings of $4.6 billion and outsourcing bookings of $4.6 billion.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our financial results for the second quarter and first half of fiscal 2017. For the quarter, we delivered 6 percent revenue growth in local currency – which again was broad-based across the business – and we generated strong new bookings that position us well for the second half of the year. I am particularly pleased that we continue to make substantial investments in our business while returning more than $2 billion in cash to our shareholders year to date.

“Our strong performance reflects our continued rotation to new, high-growth areas such as digital, cloud and security services – which now account for more than 45 percent of total revenues – as well as our increasingly innovation-led approach to creating cutting-edge solutions for clients. With our highly differentiated capabilities and disciplined management of the business, we are confident in our ability to continue driving sustainable, profitable growth and delivering value for our clients and shareholders.”

The following information was filed by Accenture Holdings Plc (AHP) on Thursday, March 23, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

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Material Contracts, Statements, Certifications & more

Accenture Holdings Plc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Section 302 Certification Of The Chief Executive Officer

Exhibit 31.2: Section 302 Certification Of The Chief Financial Officer

Exhibit 32.1: Section 906 Certification Of The Chief Executive Officer

Exhibit 32.2: Section 906 Certification Of The Chief Financial Officer

Ticker: AHP
CIK: 1647339
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-17-002861
Submitted to the SEC: Thu Mar 23 2017 4:41:03 PM EST
Accepted by the SEC: Thu Mar 23 2017
Period: Tuesday, February 28, 2017
Industry: Business Services

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Accenture Holdings Plc (AHP) SEC Filing 10-Q Quarterly report for the period ending Tuesday, February 28, 2017

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