Accenture reports strong Q1 2011 results
21/12/2010
Company raises outlook for full-year revenue growth to range of 8% to 11% in local currency.

Fuente:  www.consultant-news.com    Fecha:  21.12.2010

Accenture reports strong Q1 2011 results

Accenture reported strong financial results for the first quarter of fiscal 2011, ended Nov. 30, 2010, with net revenues of $6.05 billion, an increase of 12 percent in US dollars and 14 percent in local currency over the same period last year and exceeding the company’s guided range of $5.6 billion to $5.8 billion. Diluted earnings per share were $0.81, an increase of $0.14, or 20 percent, over the same period last year.

Operating income was $827 million, an increase of 11 percent over the same period last year, and operating margin was 13.7 percent.

New bookings for the quarter were $6.31 billion, with consulting bookings of $3.72 billion and outsourcing bookings of $2.59 billion.

William D. Green, Accenture’s chairman & CEO, said: “We are delighted with our exceptional top-and bottom-line results in the first quarter, which demonstrate not only continued, but increasing, momentum across our business. We delivered very strong revenue growth — including double-digit local-currency growth in four of our five operating groups — as well as 20 percent EPS growth.

“We continue to see strong demand for our services, demonstrated by bookings of more than $6.3 billion in the quarter, including our highest consulting bookings in more than two years. Accenture continues on a solid growth trajectory; we’ve raised our revenue outlook for the full year and are well positioned for the future. We remain focused on driving the business to capture growth and market share — and to deliver strong results for our clients and our shareholders alike.”

Consulting net revenues for the quarter were $3.57 billion, an increase of 14 percent in US dollars and 16 percent in local currency over the first quarter of fiscal 2010.

Outsourcing net revenues were $2.48 billion, an increase of 10 percent in US dollars and 11 percent in local currency over the first quarter of fiscal 2010.

Accenture expects net revenues for the second quarter of fiscal 2011 to be in the range of $5.6 billion to $5.8 billion.

For fiscal 2011, the company has raised its outlook for net revenue growth to the range of 8 percent to 11 percent in local currency from its previous range of 7 percent to 10 percent in local currency. The company has also raised its outlook for diluted EPS to the range of $3.08 to $3.16 from its previous range of $3.00 to $3.08.

Accenture continues to target new bookings for fiscal 2011 in the range of $25 billion to $28 billion.

Net revenues by operating group

Four of the 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 & High Tech: $1,284 million, compared with $1,159 million for the first quarter of fiscal 2010, an increase of 11 percent in US dollars and 12 percent in local currency.

Financial Services: $1,301 million, compared with $1,104 million for the same period last year, an increase of 18 percent in US dollars and 21 percent in local currency.

Health & Public Service: $932 million, compared with $947 million for the same period last year, a decrease of 2 percent in US dollars and 1 percent in local currency.

Products: $1,396 million, compared with $1,204 million for the first quarter last year, an increase of 16 percent in US dollars and 17 percent in local currency.

Resources: $1,128 million, compared with $964 million for the same period of fiscal 2010, an increase of 17 percent in US dollars and 18 percent in local currency.

Net revenues by geographic region

Americas: $2,633 million, compared with $2,229 million for the first quarter of fiscal 2010, an increase of 18 percent in US dollars and 17 percent in local currency.

Europe, Middle East and Africa (EMEA): $2,638 million, compared with $2,550 million for the first quarter of fiscal 2010, an increase of 3 percent in US dollars and 9 percent in local currency.

Asia Pacific: $775 million, compared with $603 million for the year-ago period, an increase of 28 percent in US dollars and 19 percent in local currency.