Summary
Accenture plc's Form 10-Q filing for the quarter ending November 30, 2017, showcases robust top-line growth and solid profitability. Net revenues increased by 12% in U.S. dollars and 10% in local currency compared to the prior year's first quarter, driven by strong demand across all service areas, particularly in consulting and outsourcing. The company demonstrated operational efficiency, with operating expenses remaining flat as a percentage of revenue, leading to a stable operating margin of 15.6%. Diluted earnings per share saw a significant increase of 13.3% to $1.79, reflecting both revenue growth and a reduction in weighted average shares outstanding. The company maintained a strong liquidity position with over $3.6 billion in cash and cash equivalents. While cash from operations decreased slightly year-over-year, this was attributed to working capital changes, with investing activities showing reduced outflows due to lower acquisition spending. Accenture continued its commitment to returning capital to shareholders through dividends and share repurchases, underscoring its financial health and confidence in future performance.
Financial Highlights
53 data points| Revenue | $9.88B |
| Cost of Revenue | $6.82B |
| Gross Profit | $3.06B |
| Operating Expenses | $8.39B |
| Operating Income | $1.50B |
| Interest Expense | $4.71M |
| Net Income | $1.12B |
| EPS (Basic) | $1.82 |
| EPS (Diluted) | $1.79 |
| Shares Outstanding (Basic) | 615.84M |
| Shares Outstanding (Diluted) | 656.67M |
Key Highlights
- 1Net revenues grew 12% year-over-year to $9.52 billion, indicating strong client demand.
- 2Diluted earnings per share increased by 13.3% to $1.79 compared to the prior year's first quarter.
- 3Operating margin remained stable at 15.6%, showcasing effective cost management despite revenue growth.
- 4Cash and cash equivalents stood at $3.68 billion as of November 30, 2017, indicating healthy liquidity.
- 5The company actively returned capital to shareholders, with $853.6 million in cash dividends paid and significant share repurchases during the quarter.
- 6Consulting net revenues increased 13% and Outsourcing net revenues increased 11% year-over-year, demonstrating balanced growth across service lines.
- 7Headcount increased to approximately 435,000 professionals globally as of November 30, 2017, reflecting expansion to meet client demand.