*Very Very strong numbers from Accenture*
Revenue at USD15bn much higher than street estimates of USD 14.2bn and guidance of USD13.9-14.35bn.
GAAP eps at USD2.78 vs. USD2.32 last year same quarter.
New bookings at USD16.8bn up 30% yoy. Consulting and Outsourcing at USD9.4bn and USD7.4bn respectively.
*ACCENTURE RAISED ITS REVENUE GUIDANCE TO 19% TO 22% FROM 12%-15% FOR FY22, GAAP EPS OF USD10.32-10.6 AND OPERATING MARGIN IN THE RANGE OF 15.2-15.4 FOR FISCAL FY22*.
*ACCENTURE REVENUE GUIDANCE OF 22% TO 26% IN LOCAL CURRENCY AND IN THE RANGE OF USD14.3-14.75BN FOR Q2FY22*
Consulting revenue was up 33% in USD , Outsourcing was up 21% YoY.
North America up around 26% and Europe up around 29% and Growth markets up around 28% YoY.
Financial services up 24% , healthcare up 23%, Communications, Media & Tech up 32% , product and resources up at 34% and 17% YoY respectively.
*Our view : Robust outlook ahead. The CEO says that outstanding first quarter financial performance and ability to capitalize on the market opportunity reflects continued market share gains*
Believe tomorrow Indian tech should give a thumbs up.
Join tg @alliesfin
The earnings webcast is at 6:30PM IST today.
Webcast link: https://investor.accenture.com/news-and-events/events-calendar
By: via @AlliesFin Serve Stock Market
