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%.
Sources: businesswire.com, seekingalpha.com
