Accenture reports record quarterly revenues in Q1
20/12/2011
Revenues increase 17% to $7.1 billion; new bookings are $7.8 billion, with consulting bookings of $4.2 billion and outsourcing bookings of $3.6.

Fuente: http://www.consultant-news.com  Fecha: 20.12.2011

Accenture reports record quarterly revenues in Q1

NEW YORK -- Accenture reported strong financial results for the first quarter of fiscal 2012, ended Nov. 30, 2011, with net revenues of $7.1 billion, an increase of 17 percent in US dollars and 14 percent in local currency over the same period last year. Diluted earnings per share were $0.96, an increase of $0.15, or 19 percent, over the same period last year.

Consulting net revenues for the quarter were $4.1 billion, an increase of 14 percent in US dollars and 11 percent in local currency over the first quarter of fiscal 2011.

Outsourcing net revenues were $3.0 billion, an increase of 21 percent in US dollars and 18 percent in local currency over the first quarter of fiscal 2011.

Operating income was $981 million, an increase of 19 percent over the same period last year, and operating margin was 13.9 percent, a year-over-year expansion of 20 basis points.

New bookings for the quarter were $7.8 billion, with consulting bookings of $4.2 billion and outsourcing bookings of $3.6 billion.

Pierre Nanterme, Accenture’s chief executive officer, said, “We are pleased with our strong performance in the first quarter. We generated our highest quarterly revenues ever, with double- digit local-currency growth in all five operating groups and all three geographic regions. We grew EPS by 19 percent, expanded operating margin, delivered strong bookings and continue to have a very strong balance sheet.

“Our excellent results in the first quarter give us confidence that we are executing a growth strategy that resonates with the needs of our clients in the current environment. We remain focused on delivering profitable growth through a relentless focus on industry and technology differentiation and on accelerated geographic expansion in our priority emerging markets.”

Accenture expects net revenues for the second quarter of fiscal 2012 to be in the range of $6.5 billion to $6.8 billion. For fiscal 2012, the company continues to expect net revenue growth to be in the range of 7 percent to 10 percent in local currency.

Accenture continues to target new bookings for fiscal 2012 in the range of $28 billion to $31 billion.

All five operating groups achieved double-digit revenue growth in both US dollars and local currency compared with the first quarter last year. Net revenues by operating group were as follows:

* Communications, Media & Technology: $1.5 billion, compared with $1.3 billion for the first quarter of fiscal 2011, an increase of 20 percent in US dollars and 16 percent in local currency.

* Financial Services: $1.5 billion, compared with $1.3 billion for the first quarter of fiscal 2011, an increase of 14 percent in US dollars and 11 percent in local currency.

* Health & Public Service: $1.1 billion, compared with $932 million for the first quarter of fiscal 2011, an increase of 13 percent in US dollars and 11 percent in local currency.

* Products: $1.7 billion, compared with $1.4 billion for the first quarter of fiscal 2011, an increase of 20 percent in US dollars and 17 percent in local currency.

* Resources: $1.3 billion, compared with $1.1 billion for the first quarter of fiscal 2011, an increase of 18 percent in US dollars and 15 percent in local currency.

All of the company’s geographic regions achieved double-digit revenue growth in both local currency and US dollars compared with the first quarter last year. Net revenues by geographic region were as follows:

* Americas: $3.1 billion, compared with $2.6 billion for the first quarter of fiscal 2011, an increase of 17 percent in US dollars and 16 percent in local currency.

* Europe, Middle East and Africa (EMEA): $3.0 billion, compared with $2.6 billion for the first quarter of fiscal 2011, an increase of 14 percent in US dollars and 10 percent in local currency.

* Asia Pacific: $991 million, compared with $775 million for the first quarter of fiscal 2011, an increase of 28 percent in US dollars and 20 percent in local currency.