Summary
Accenture plc reported strong financial results for the second quarter and first half of fiscal year 2022, demonstrating robust revenue growth and increased profitability. For the second quarter of fiscal 2022, revenues reached $15.0 billion, a 24% increase year-over-year in U.S. dollars and 28% in local currency, driven by broad-based demand across all geographic markets, industry groups, and service types. Diluted Earnings Per Share (EPS) were $2.54, up 14% from the prior year, or 25% excluding prior year investment gains. The company also saw significant new bookings of $19.6 billion, highlighting strong future revenue potential. For the first six months of fiscal 2022, revenues grew 26% in U.S. dollars to $30.0 billion, with diluted EPS at $5.32, an increase from $4.55 in the prior year period (excluding prior year investment gains). Accenture returned $3.8 billion to shareholders during the quarter through share repurchases and dividends, underscoring its commitment to shareholder value.
Financial Highlights
53 data points| Revenue | $15.05B |
| Cost of Revenue | $10.52B |
| Gross Profit | $4.52B |
| Operating Expenses | $12.99B |
| Operating Income | $2.06B |
| Interest Expense | $11.22M |
| Net Income | $1.63B |
| EPS (Basic) | $2.58 |
| EPS (Diluted) | $2.54 |
| Shares Outstanding (Basic) | 633.96M |
| Shares Outstanding (Diluted) | 644.13M |
Key Highlights
- 1Revenue Growth: Total revenues for the second quarter of fiscal 2022 were $15.0 billion, an increase of 24% in U.S. dollars (28% in local currency) compared to the second quarter of fiscal 2021.
- 2Strong Bookings: New bookings reached $19.6 billion for the second quarter of fiscal 2022, indicating robust future revenue potential.
- 3Profitability Improvement: Diluted Earnings Per Share (EPS) were $2.54 for the second quarter, a 14% increase year-over-year. Excluding prior year investment gains, EPS increased 25%.
- 4Segment Performance: Significant revenue growth was observed across all geographic markets (North America, Europe, Growth Markets) and service types (Consulting and Outsourcing).
- 5Shareholder Returns: The company returned $3.8 billion to shareholders in the second quarter of fiscal 2022, comprising $2.5 billion in share repurchases and $1.2 billion in dividends.
- 6Workforce Expansion: Accenture's global workforce grew to approximately 699,000 as of February 28, 2022, reflecting increased demand for its services.
- 7Russia Business Discontinuation: Accenture announced the discontinuation of its business operations in Russia, with revenues in Russia being immaterial to overall results.