Accenture (NYSE: ACN) beat revenue and earnings estimates for the first quarter of 2020. Shares were up slightly in premarket hours on Thursday.
The company reported a 7% growth in total revenue to $11.4 billion, beating estimates of $11.1 billion. Revenues grew 9% in local currency.
Net income attributable to Accenture plc rose 6% to $1.35 billion compared to last year. Diluted EPS grew 7% to $2.09, surpassing forecasts of $2.00.
New bookings were $10.3 billion, with consulting bookings of $6 billion and outsourcing bookings of $4.3 billion. Consulting revenues grew 7% year-over-year to $6.38 billion while outsourcing revenues rose 7% to $4.98 billion.
During the quarter, the company saw revenue increases across all its operating groups and geographic regions. Days services outstanding, or DSOs, were 43 days at Nov. 30, 2019, compared to 42 days at Nov. 30, 2018.
Also read: Nike Q2 2020 Earnings Preview
Accenture expects revenues for the second quarter of 2020 to be $10.85 billion to $11.15 billion, reflecting a growth of 5-8% in local currency.
The company updated its guidance for fiscal year 2020 and now expects revenue growth to be 6-8% in local currency compared to the previous range of 5-8%. Diluted EPS is now expected to be $7.66 to $7.84 compared to the prior range of $7.62 to $7.84.
Accenture declared a quarterly cash dividend of $0.80 per share, payable on February 14, 2020 to shareholders of record on January 16, 2020.
Listen to on-demand earnings calls and hear how management responds to analysts’ questions
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
Comments
Comments are closed.