Summary
Accenture plc reported strong financial performance for the third quarter and nine months ended May 31, 2021. Total revenues increased by 21% in U.S. dollars (16% in local currency) for the quarter and 11% in U.S. dollars (8% in local currency) for the nine-month period compared to the prior year. This growth was driven by robust demand across all geographic markets and service lines, particularly in consulting and outsourcing, fueled by clients accelerating their digital transformation initiatives. The company demonstrated improved profitability, with operating margin increasing to 16.0% for the quarter and 15.3% for the nine months. Net income attributable to Accenture plc rose significantly, reflecting strong revenue growth and effective cost management. Accenture also maintained a solid liquidity position, with cash and cash equivalents increasing to $10.0 billion. The company continued its commitment to returning capital to shareholders through share repurchases and dividends.
Financial Highlights
53 data points| Revenue | $13.26B |
| Cost of Revenue | $8.86B |
| Gross Profit | $4.40B |
| Operating Expenses | $11.15B |
| Operating Income | $2.12B |
| Interest Expense | $28.74M |
| Net Income | $1.55B |
| EPS (Basic) | $2.44 |
| EPS (Diluted) | $2.40 |
| Shares Outstanding (Basic) | 635.20M |
| Shares Outstanding (Diluted) | 645.45M |
Key Highlights
- 1Revenues grew 21% year-over-year in USD to $13.3 billion for Q3 FY21 and 11% year-over-year in USD to $37.1 billion for the first nine months of FY21.
- 2Operating income increased by 24% to $2.1 billion for Q3 FY21, and by 14% to $5.7 billion for the first nine months of FY21.
- 3Diluted earnings per share (EPS) were $2.40 for Q3 FY21, a substantial increase from $1.90 in Q3 FY20. Nine-month diluted EPS reached $6.96, up from $5.90 in the prior year.
- 4Gross margin improved to 33.2% for Q3 FY21 and 32.1% for the first nine months of FY21, up from 32.1% and 31.5% respectively in the prior year periods.
- 5Cash and cash equivalents stood at $10.0 billion as of May 31, 2021, an increase from $8.4 billion at the end of FY20, indicating strong liquidity.
- 6New bookings reached $15.4 billion for Q3 FY21, with consulting bookings at $8.0 billion and outsourcing bookings at $7.4 billion, demonstrating continued strong demand.
- 7Headcount increased to approximately 569,000 as of May 31, 2021, reflecting increased demand for services and headcount added through acquisitions.