Accenture (ACN) Tops Q1 EPS by 12c, Raises FY Outlook

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Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021

December 17, 2020 6:44 AM EST

-- Revenues are $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency, more than $200 million above the companys guided range, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs --

-- GAAP EPS are $2.32, an 11% increase from $2.09 for the first quarter last year, including gains on an investment of $0.15 and $0.08, respectively; excluding these gains, adjusted EPS of $2.17 are up 8% from $2.01 in the first quarter last year --

-- Operating income increases 7% to $1.89 billion, with operating margin of 16.1%, an... More