Accenture net revenues rise 17pc

16 Dec 2011

Global management consulting, technology services and outsourcing company Accenture reported net revenues of US$7.1bn, an increase of 17pc over the same period last year.

Accenture’s financial results for the first quarter of fiscal 2012, ended 30 November 2011 also show diluted earnings per share were US$0.96, an increase of US$0.15, or 19pc, over the same period last year.

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

New bookings for the quarter amounted to US$7.8bn, with consulting bookings of US$4.2bn and outsourcing bookings of US$3.6bn.

“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,” said Pierre Nanterme, Accenture’s chief executive officer.

“We grew EPS by 19pc, 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.”