Accenture Stock Gains on Q1 Beat, Raised FY22 Outlook

Accenture PLC's logo is seen on a smartphone in front of a displayed same logo in this illustration taken on Dec. 1, 2021. Dado Ruvic/Illustration/Reuters

Accenture PLC reported first-quarter FY22 revenue growth of 27 percent year-on-year to $14.97 billion, beating the consensus of $12.6 billion.

New bookings increased 30 percent Y/Y to $16.8 billion. Consulting revenues rose 33 percent Y/Y to $8.4 billion, and Outsourcing revenues increased 21 percent Y/Y to $6.6 billion.

Geographic Market Revenue

North American market revenue grew 26 percent Y/Y to $6.9 billion; European market increased 29 percent Y/Y to $5.1 billion; Growth Markets Revenue rose 28 percent Y/Y to $2.96 billion.

Industry Group Revenue

Communications, Media & Technology segment revenue rose 32 percent Y/Y to $3.1 billion; Financial Services unit revenue increased 24 percent Y/Y to $2.9 billion; Health & Public Service division revenue expanded 23 percent Y/Y to $2.7 billion; Products segment revenue rose 34 percent Y/Y to $4.3 billion; while the Resources unit revenue increased 17 percent Y/Y to $1.95 billion.

Margin

The operating margin expanded 20 basis points to 16.3 percent.