Accenture Q1FY22 Results: Company reports robust number revenue surge 27%, record new bookings

Accenture on Thursday reported robust first-quarter numbers of the financial year 2022, in this regard, the company witnessed a growth of 27 per cent to $15 billion in both US dollars and local currency, it said in an official statement during the mentioned quarter. 

In revenues and growth in local currency, the company reported a 26 per cent jump to $6.9 billion in North America, 28 per cent rise to $5.1 billion in Europe, and a 30 per cent surge to $3 billion in other growth markets across the globe, the company also said in its official release available on the website. 

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Segment-wise revenues and growth in local currency, communications, media, and technology grew 32 per cent to $3.1 billion; Financial services surged 24 per cent to $2.9 billion; Healthcare & Public Service up 23 per cent to $2.7 billion, Products up 34 per cent to $4.3 billion and Resources soared 17 per cent to $2 billion, according to Accenture’s statement. 

The company has received $16.8 billion new record bookings, 30 per cent up in US dollars. While the Earnings per share saw a jump of 28 per cent to $2.78 during the quarter, the company said. 

In returning cash to shareholders’ segment, Accenture has reported free cash flow of $349 million; share repurchase of worth $845 million; dividends paid worth $613 million and quarterly cash dividend declared in December 2021 at $0.97 per share, which is a rise of 10 per cent QoQ. 

In the service segment, Strategy & Consulting, Technology, Operations have reported very strong double-digit growth. Similarly, Cloud, Interactive, Industry X and Security categories have also registered strong and double-digit growth.