Why the stock of the world’s largest information technology company Accenture (NYSE: ACN) fell by more than 5%, you will know and what should be done in this stock now.
Accenture Reports Strong First-Quarter Fiscal 2023 Results:
First-Quarter Fiscal 2023 | Growth in U.S. Dollar | |
Revenues | $15.7 Billion | Increase of 5% |
Operating Income | 16.5% | Increase 20 Basis Points |
Operating Margin | $2.59 Billion | Increasing 7% |
EPS | $3.08 | Increase 11% |
New Bookings | $16.2 Billion | - |
Dividend | $1.12 Per Share | Increase 15% |
- Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2023, ended November 30, 2022, with revenues of $15.7 billion, an increase of 5% in U.S. dollars and 15% in local currency over the same period last year.
- Diluted earnings per share were $3.08, an 11% increase from $2.78 for the first quarter last year.
- Operating income was $2.59 billion, a 7% increase over the same period last year, and operating margin was 16.5%, an expansion of 20 basis points. Operating cash flow was $495 million and free cash flow was $397 million.
- New bookings for the quarter were $16.2 billion, with bookings of $8.1 billion for both consulting and managed services.
Revenues by Geographic Market:
First-Quarter Fiscal 2023 | Growth in U.S. Dollar | |
Revenues | $15.7 Billion | Increase of 5% |
Operating Income | 16.5% | Increase 20 Basis Points |
Operating Margin | $2.59 Billion | Increasing 7% |
EPS | $3.08 | Increase 11% |
New Bookings | $16.2 Billion | - |
Dividend | $1.12 Per Share | Increase 15% |
Revenues by Industry Group:
Revenues | Gowth In U.S. dollars | |
Communications, Media & Technology | $2.98 Billion | Increase of 3% |
Financial Services | $2.96 Billion | Increase of 2% |
Health & Public Service | $3.00 Billion | Increase of 10% |
Products | $4.67 Billion | Increase of 4% |
Resources | $2.14 Billion | Increase of 10% |
Second-Quarter Fiscal 2023 Results:
Accenture expects revenues for the second quarter of fiscal 2023 to be in the range of $15.20 billion to $15.75 billion, an increase of 6% to 10% in local currency, reflecting the company’s assumption of an approximately negative 5% foreign-exchange impact compared with the second quarter of fiscal 2022.
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