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
Sep. 24, 2015, 7:28 AM
- Accenture (NYSE:ACN) declares $1.10/share semi-annual dividend, 7.8% increase from prior dividend of $1.02.
- Forward yield 2.25%
- Payable Nov. 13; for shareholders of record Oct. 13; ex-div Oct. 8.
Sep. 26, 2013, 4:35 PM
- In addition to adding $5B to its buyback plan, Accenture (ACN) has raised its semi-annual dividend by 15% to $0.93/share. That gives the consulting/outsourcing giant a yield of 2.47%.
- In addition to its free cash flow (expected to total $3.2B-$3.5B in FY14), Accenture has $5.6B in cash/investments on its balance sheet to help pay for its cash-return efforts, and only $25.6M in debt.
- FQ4 results, details