Thu, Jun. 23, 7:01 AM
Wed, Jun. 22, 5:30 PM
Thu, Mar. 24, 11:57 AM
- Accenture's (ACN +3.8%) FQ2 beat has been accompanied by guidance for FY16 (ends Aug. '16) adjusted EPS of $5.21-$5.32, up from a prior $5.09-$5.24 and mostly above a $5.22 consensus.
- FY16 constant currency revenue growth guidance has been hiked to 8%-10% from 6%-9%. With forex still expected to have a 5% impact, dollar-based revenue growth guidance is at 3%-5%, in-line with a 3.7% consensus.
- FQ3 revenue guidance of $8.1B-$8.35B is in-line with an $8.17B consensus. FY16 op. cash flow and free cash flow guidance respectively remain at $4.1B-$4.4B and $3.6B-$3.9B.
- Bookings: New bookings rose by $200M Y/Y to $9.5B. Consulting bookings rose by $800M to $5B, while outsourcing bookings (pressured to an extent by cloud services adoption) fell by $600M to $4.5B. Forex had a 6% impact on bookings growth.
- Segment performance: Telecom/media/tech revenue +6% Y/Y to $1.6B. Financial services +6% to $1.7B. Health/public service +12% to $1.5B. Products (manufacturing) +8% to $2B. Resources (hurt by weak oil/commodity prices) -3% to $1.2B.
Overall, consulting revenue rose 12% to $4.3B, while outsourcing was roughly flat at $3.7B. CEO Pierre Nanterme asserts Accenture "gained significant market share."
- Regional performance: North America revenue +11% to $3.8B. Europe (9% forex impact) +5% to $2.8B. "Growth markets" (14% forex impact) -4% to $1.4B.
- Financials: Buybacks once more boosted EPS: $829M was spent to repurchase 8.1M shares. $6.4B is left on Accenture's buyback authorization. Op. margin rose 10 bps Y/Y to 13.7%. Accenture ended FQ2 with $3B in cash and less than $30M in debt.
- Along with the numbers, Accenture has declared its semi-annual $1.10/share dividend (2% yield). The next dividend will be paid on May 13 to shareholders on record as of April 15.
- Accenture's FQ2 results, earnings release
Thu, Mar. 24, 7:02 AM
Wed, Mar. 23, 5:30 PM
Thu, Jan. 14, 1:12 PM
- Infosys (NYSE:INFY) has jumped to its highest levels since November after beating FQ3 revenue estimates (EPS was in-line) and raising its FY16 (ends March '16) dollar-based revenue growth guidance to 8.9%-9.3% from a prior 6.4%-8.4%, and above a 7.4% consensus. Credit Suisse has responded by upgrading to Outperform.
- IT outsourcing peers Cognizant (CTSH +5.3%), Accenture (ACN +2.6%), and Wipro (WIT +2.6%) have joined Infosys in outperforming. The Nasdaq is up 1.8%, and the S&P 1.6%.
- FQ3 details: Forex had a 4% impact on Infosys' FQ3 sales growth (8.5% vs. 12.5%). Gross margin fell to 37.2% from 38.7% a year ago. Operating expenses rose 11% Y/Y to $296M. Infosys ended FQ3 with $4.5B in cash, and no debt.
- CEO Vishal Sikka: "Alongside grassroots innovation, we continue to see growing adoption of our Aikido services, bringing the power of intelligent systems, automation and software to amplify the skills and imaginations of our people. This combination helped us deliver encouraging results despite the traditional seasonality of the quarter and the additional headwinds..."
- COO Pravin Rao: "The healthy volume growth this quarter has been encouraging. The lesser working days and our investments into additional trainees resulted in softer pricing and utilization for the quarter ... We continue to simplify our policies and enable greater agility within the company, with the goal of boosting our productivity."
- Infosys' FQ3 results, earnings release
Dec. 17, 2015, 11:51 AM
- Though Accenture (NYSE:ACN) beat FQ1 revenue estimates (while missing on EPS), it's guiding for FQ2 revenue of $7.5B-$7.75B, mostly below a $7.74B consensus.
- FY16 guidance: The consulting/outsourcing giant still expects FY16 (ends Aug. '16) EPS of $$5.09-$5.24 (consensus is at $5.21) and free cash flow of $3.6B-$3.9B. FY16 local currency revenue growth guidance has been upped to 6%-9% from 5%-8%, but with forex now expected to have a 5% revenue impact (up from 4%), dollar-based revenue growth guidance is still at 1%-4% (consensus is at 3.6%).
- Bookings: FQ1 new bookings were flat Y/Y at $7.7B (forex had an 8% impact). Consulting bookings rose by $500M to $4.4B; outsourcing bookings fell by $500M to $3.3B. Peers such as IBM and HP have also seen soft outsourcing demand; cloud adoption is generally considered a culprit.
- Segment performance: Telecom, media, and tech revenue +1% Y/Y to $1.6B. Financial services +2% to $1.75B. Health & public service +4% to $1.42B. Products +3% to $1.99B. Resources (hurt by weak oil prices) -4% to $1.25B.
- Regional performance: North America revenue +9% to $3.76B. Europe -1% to $2.88B (+12% exc. forex). Growth markets -12% to $1.36B (+6% exc. forx).
- Financials: $658M was spent to buy back 6.5M shares. Gross margin fell 20 bps Y/Y to 32%, but spending controls allowed op. margin to rise 20 bps to 15.2%. GAAP costs/expenses rose by less than $100M Y/Y to $7.24B. Accenture ended FQ1 with $3.1B in cash, and almost no debt.
- Expectations were relatively high: Shares went into earnings less than a dollar away from a high of $109.86.
- Accenture's FQ1 results, earnings release
Dec. 17, 2015, 7:02 AM
- Accenture (NYSE:ACN): FQ1 EPS of $1.28 misses by $0.04.
- Revenue of $8.01B (+1.4% Y/Y) beats by $90M.
Dec. 16, 2015, 5:30 PM
Sep. 24, 2015, 8:28 AM
- Accenture (NYSE:ACN) -4.4% premarket despite beating FQ4 earnings and revenue expectations, as it guides its Q1 revenue outlook below Wall Street estimates.
- ACN foresees FQ1 revenues of $7.70B-$7.95B vs. $8.12B analyst consensus estimate, due mainly to a stronger dollar; for FY 2016, ACN sees EPS of $5.09-$5.24 vs. $5.22 consensus, and revenues up 1%-4% (up 5%-8% in local currency) to $31.3B-$32.3B vs. $32.6B consensus.
- For FQ4, revenue before reimbursements rose 1.4% to a better than expected $7.89B, but excluding currency impacts, revenue would have grown 12%.
- FQ4 consulting business revenue rose 14% Y/Y in local currency terms, and revenue in the outsourcing business gained 9%; consulting accounts for slightly more than half of ACN's total revenue, while outsourcing contributes the rest.
- ACN's board also approves $5B in additional share repurchase authority.
- Also: Accenture declares $1.10 dividend
Sep. 24, 2015, 7:01 AM
- Accenture (NYSE:ACN): FQ4 EPS of $1.15 beats by $0.03.
- Revenue of $7.89B (+1.4% Y/Y) beats by $210M.
Sep. 23, 2015, 5:30 PM
Jun. 25, 2015, 9:38 AM
- With an FQ3 beat in tow, Accenture (NYSE:ACN) now forecasts FY15 (ends in August) adjusted EPS of $4.73-$4.78 vs. a prior $4.66-$4.76; consensus is at $4.74. FY15 constant currency revenue growth guidance has been hiked to 9%-10% from 8%-10%; consensus in U.S. dollars is 1.7%. Free cash flow guidance remains at $3.4B-$3.7B.
- Bookings: New consulting bookings rose by $200M Y/Y to $4.5B; new outsourcing bookings fell by $500M to $4B. Forex had a 10% impact on new bookings. Accenture still expects FY15 new bookings of $33B-$35B.
- Geographic performance: North American revenue +11% Y/Y to $3.6B. Europe -10% to $2.7B (+7% exc. forex). Growth markets -2% to $1.5B (+13% exc. forex).
- Segment performance: Telecom/media/tech revenue +8% to $4.7B. Financial services +2% to $4.9B. Health/public service +9% to $4.1B. Products +4% to $5.6B. Resources -2% to $3.8B.
- Financials: $518M was spent on buybacks (lifted EPS). Gross margin fell 30 bps Y/Y to 32.5%. Op. margin rose 20 bps to 15.4%, thanks to SG&A falling to 17.1% of revenue from 17.5%. Accenture ended FQ3 with $4B in cash, and $27M in debt.
- Shares have made new highs. They're up 13% YTD.
- FQ3 results, PR
Jun. 25, 2015, 7:03 AM
- Accenture (NYSE:ACN): FQ3 EPS of $1.30 beats by $0.07.
- Revenue of $7.77B (+0.4% Y/Y) beats by $220M.
- Shares -2.03% PM.
Jun. 24, 2015, 5:30 PM
Accenture Plc operates as an investment holding company with interest in providing management consulting, technology and outsourcing services. The company's business is structured around five operating groups, which together comprise nineteen industry groups serving clients in major industries... More
Industry: Management Services
Country: United States
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