Accenture Clocks 24% Revenue Growth In Q4, Hikes Dividend, Adds $3B Share Buyback

by Anusuya Lahiri, Benzinga Editor
September 23, 2021 7:54 AM | 2 min read |
  • Accenture PLC ACN reported fourth-quarter FY21 revenue growth of 24% year-on-year to $13.419 billion, marginally missing the analyst consensus of $13.42 billion. 
  • New bookings increased 7% Y/Y to $15 billion. Consulting revenues rose 29% Y/Y to $7.31 billion, and Outsourcing revenues increased 19% Y/Y to $6.11 billion.
  • Geographic Market Revenue: North American market revenue grew 23% Y/Y to $6.39 billion; European market increased 26% Y/Y to $4.30 billion; Growth Markets Revenue rose 23% Y/Y to $2.73 billion.
  • Industry Group Revenue: Communications, Media & Technology segment revenue rose 26% Y/Y to $2.77 billion; Financial Services unit revenue increased 24% Y/Y to $2.61 billion; Health & Public Service division revenue expanded 20% Y/Y to $2.50 billion; Products segment revenue rose 29% Y/Y to $3.73 billion; while the Resources unit revenue increased 17% Y/Y to $1.80 billion.
  • Margins: The gross margin expanded 150 basis points to 33.3%. The operating margin expanded 30 basis points to 14.6%.
  • Net income grew 9.9% Y/Y to $1.44 billion. EPS of $2.20 beat the analyst consensus of $2.19.
  • The company generated $2.4 billion in operating cash flow and held $8.2 billion in cash and equivalents.
  • Share buyback: Accenture repurchased shares worth $915 million in Q4. The board approved $3.0 billion of additional share repurchase.
  • Dividend: Accenture raised the quarterly dividend by 10% to $0.97 per share for shareholders of record on Oct. 14, payable on Nov. 15, 2021.
  • Guidance: Accenture sees Q1 FY22 revenue of $13.9 billion - $14.35 billion, above the analyst consensus of $13.51 billion.
  • For FY22, the company expects revenue growth of 12% - 15% in local currency. The company expects FY22 GAAP EPS of $9.90 - $10.18, above the consensus of $9.87.
  • Price Action: ACN shares traded higher by 1.90% at $341.03 in the premarket session on the last check Thursday.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Date
▲▼
ticker
▲▼
name
▲▼
Actual EPS
▲▼
EPS Surprise
▲▼
Actual Rev
▲▼
Rev Surprise
▲▼
Click to see more Earnings updates
Posted In: EarningsNewsGuidanceDividendsBuybacksMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!