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Free Research Report as Accenture’s Revenue Grew 12%; EPS Surged 13%

LONDON, UK / ACCESSWIRE / January 12, 2018 / Active-Investors.com has just released a free earnings report on Accenture PLC (NYSE: ACN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ACN. The Company posted its financial results on December 21, 2017, for the first quarter fiscal 2018. The Company's revenue and EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Accenture most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ACN

Earnings Highlights and Summary

For three months ended November 30, 2017, Accenture's revenues increased 12% to $10.05 billion from $9.01 billion in Q1 FY17. For the reported quarter, the Company's revenues before reimbursements increased 11.8% to $9.52 billion from $8.52 billion in Q1 FY17. The Company's revenue surpassed analysts' expectations of $9.26 billion.

During Q1 FY18, the Company's new bookings were $10 billion, of which $5.9 billion were from consulting booking and $4.0 billion from outsourcing bookings.

For the reported quarter, the Company's gross profit increased 11.8% to $3.05 billion from $2.73 billion in Q1 FY17. For the reported quarter, the Company's gross margin was 32.1% of revenue, on par with 32.1% of revenue in Q1 FY17.

For the reported quarter, the Company's operating income increased 12% to $1.49 billion from $1.33 billion in Q1 FY17. For the reported quarter, the Company's operating margin was 15.6% of revenue, on par with 15.6% of revenue in Q1 FY17.

During Q1 FY18, Accenture's earnings before tax (EBT) increased 11.6% to $1.49 billion from $1.33 billion in the same period last year.

For the reported quarter, Accenture's net income increased 11.9% to $1.12 billion on a y-o-y basis from $1.00 billion in Q1 FY17. During Q1 FY18, the Company's diluted EPS increased 13% to $1.79 on a y-o-y basis from $1.58 in the same period last year. Diluted EPS surpassed analysts' expectations of $1.67.

Accenture's Segment Details

Communications, Media & Technology - During Q1 FY18, the Communications, Media & Technology segment's revenue increased 11% to $1.87 billion from $1.69 billion in the same period last year. For the reported quarter, the segment's operating income increased 14.4% to $294.93 million from $257.84 million in Q1 FY17.

Financial Services - During Q1 FY18, the Financial Services segment's revenue increased 14% to $2.06 billion from $1.81 billion in the same period last year. For the reported quarter, the segment's operating income increased 15.6% to $369.25 million from $319.49 million in Q1 FY17.

Health & Public Service - During Q1 FY18, the Health & Public Service segment's revenue increased 9% to $1.63 billion from $1.50 billion in the same period last year. For the reported quarter, the segment's operating income increased 12% to $223.19 million from $199.23 million in Q1 FY17.

Products - During Q1 FY18, the Products segment's revenue increased 11% to $2.58 billion from $2.32 billion in the same period last year. For the reported quarter, the segment's operating income increased 0.4% to $410.39 million from $408.70 million in Q1 FY17.

Resources - During Q1 FY18, the Resources segment's revenue increased 12% to $1.33 billion from $1.19 billion in the same period last year. For the reported quarter, the segment's operating income increased 28.2% to $188.12 million from $146.70 million in Q1 FY17.

Balance Sheet

As on November 30, 2017, Accenture's cash and cash equivalents decreased 10.8% to $3.68 billion from $4.13 billion on August 31, 2017. For the reported quarter, the Company's long-term debt increased 0.3% to $22.23 million from $22.16 million in Q4 FY17.

For the reported quarter, the Company's net receivables from clients increased 9% to $4.98 billion from $4.57 billion in Q4 FY17. For the reported quarter, the Company's accounts payable decreased 13.6% to $1.32 billion from $1.53 billion in Q4 FY17.

During Q1 FY17, the Company's net cash provided by operating activities decreased 7.2% to $1.01 billion from $1.08 billion in the same period last year.

During Q1 FY18, Accenture repurchased 4.0 million shares for a total of $563 million, including 3.2 million shares repurchased in the open market.

Outlook

For Q2 FY18, the Company expects revenue to be in the range of $9.15 billion to $9.40 billion.

For FY18, the Company expects diluted EPS to be in the range of $6.48 to $6.66.

Stock Performance Snapshot

January 11, 2018 - At Thursday's closing bell, Accenture's stock marginally climbed 0.13%, ending the trading session at $159.11.

Volume traded for the day: 1.81 million shares.

Stock performance in the last month – up 5.59%; previous three-month period – up 16.22%; past twelve-month period – up 37.02%; and year-to-date – up 3.93%

After yesterday's close, Accenture's market cap was at $101.17 billion.

Price to Earnings (P/E) ratio was at 28.20.

The stock has a dividend yield of 1.67%.

The stock is part of the Technology sector, categorized under the Information Technology Services industry. This sector was up 0.4% at the end of the session.

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