Accenture posts strong quarterly results

By: Miguel A. Rodriguez

13:53, 18 December 2020

The need for consultancy, digital and cloud services has helped quarterly result exceed expectations

Accenture, the multinational management consulting, outsourcing, and technology services company, reported fiscal Q1 2021 earnings that came ahead of expectations.

In the past quarter, Accenture posted an EPS of $2.32, topping the $2.05 consensus. Compared to last year’s figures, the EPS went up 11%. At the same time, the quarterly cash dividend reached $0.88 per share, marking a 10% increase from that reported a year ago.

In fiscal Q1, Accenture’s revenues came in at $11.8 billion, exceeding by $200 million the company’s forecast. Moreover, the figures came in 4% higher than those reported in fiscal Q1 2020.

Despite the pandemic, the Dublin-based company saw a 25% increase in bookings in the past quarter reaching $12.9 billion. More than half of the amount is from consulting.

For the future, Accenture expects its full-year revenue to report 4% up to 6% growth, with the EPS reaching a high of $8.25, supporting its decision with the strong demand for digital and cloud services.

Following the news, Accenture stock price jumped 5%.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.