Accenture Reports Strong First-Quarter Fiscal 2015 Results
— Revenues increase 7% in U.S. dollars and 10% in local currency to $7.9 billion —
— EPS up 12%, to $1.29 —
— Operating income increases 9%, to $1.19 billion, with operating margin of 15.0%, an
expansion of 20 basis points —
— New bookings are $7.7 billion, with consulting bookings of $3.9 billion
and outsourcing bookings of $3.8 billion —
— Accenture raises outlook for full-year revenue growth to 5-8% in local currency; updates
outlook for full-year EPS to range of $4.66 to $4.80, reflecting updated revenue guidance and
company’s revised foreign-exchange assumption of negative 5% compared to its previous assumption of negative 2% —
NEW YORK; Dec. 18, 2014 — Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2015, ended Nov. 30, 2014, with record net revenues of $7.9 billion, an increase of 7 percent in U.S. dollars and 10 percent in local currency over the same period last year. Diluted earnings per share were $1.29, an increase of $0.14, or 12 percent, over the same period last year.
Operating income was $1.19 billion, an increase of 9 percent over the same period last year, and operating margin was 15.0 percent, a year-over-year expansion of 20 basis points.
New bookings for the quarter were $7.7 billion, with consulting bookings of $3.9 billion and outsourcing bookings of $3.8 billion.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We delivered an excellent first quarter. I am particularly pleased with our 10 percent local-currency revenue growth, including strong growth in both consulting and outsourcing, as well as double-digit growth in four of our five operating groups. We expanded operating margin 20 basis points and delivered outstanding earnings per share of $1.29—a 12 percent increase—while returning $1.3 billion in cash to our shareholders. Based on our first-quarter results, we are raising our business outlook for revenues for the full fiscal year.
“Our very strong results demonstrate that we are executing a growth strategy that is highly relevant for our clients. We continue to invest in capabilities, solutions and talent to further differentiate Accenture in the marketplace and improve our competitiveness. We remain very well-positioned to continue gaining market share and driving profitable growth.”
Revenues before reimbursements (“net revenues”) for the first quarter of fiscal 2015 were $7.90 billion, compared with $7.36 billion for the first quarter of fiscal 2014, an increase of 7 percent in U.S. dollars and 10 percent in local currency. Net revenues for the quarter reflect a foreign-exchange impact of approximately negative 3 percent, compared with the negative
The following information was filed by Accenture Sca (SCA) on Thursday, December 18, 2014 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.