NYSE$ACN

Accenture Plc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported very strong first-quarter results and raised business outlook for fiscal 2022.

Accenture reported revenues of $15.0 billion, a 27% increase in both U.S. dollars and local currency. Diluted earnings per share were $2.78, a 20% increase. Operating income increased 29% to $2.43 billion. New bookings were a record $16.8 billion.

  • Revenues are $15.0 billion, an increase of 27% in both U.S. dollars and local currency.
  • EPS are $2.78, a 20% increase from the first quarter last year.
  • Operating income increases 29% to $2.43 billion, with operating margin of 16.3%, an expansion of 20 basis points.
  • New bookings are a record $16.8 billion, a 30% increase in both U.S. dollars and local currency from the first quarter last year.

Headline financials

Total Revenue

$15B

Previous: $11.8B+27.2%
EPS (adj)

$2.78

Previous: $2.17+28.1%
GAAP operating margin

16.3%

No prior period
New Bookings

$16.8B

Previous: $16.8B+0.0%
Capital Expenditures

-$182M

Previous: -$93.1M-95.1%
Free Cash Flow

$1.61B

Previous: $1.41B+14.4%
Net Income

$1.79B

Previous: $1.5B+19.4%
Operating Income

$2.43B

Previous: $1.89B+28.8%
Gross Profit

$4.92B

Previous: $3.9B+26.1%
Cash & Equivalents

$5.64B

Previous: $8.59B-34.4%
Total Assets

$43.7B

Previous: $38.3B+14.1%
Stock-Based Comp

$366M

Previous: $311M+17.5%

Revenue & EPS history

Accenture · Revenue · Quarterly

$15B

Q1 2022+27.2%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Accenture raises its business outlook for fiscal 2022; now expects full-year revenue growth of 19% to 22% in local currency; EPS of $10.32 to $10.60; and free cash flow of $7.7 billion to $8.2 billion

Tailwinds

  • Full-year revenue growth of 19% to 22% in local currency
  • EPS of $10.32 to $10.60
  • Free cash flow of $7.7 billion to $8.2 billion
  • Second quarter fiscal 2022 revenue to be in the range of $14.30 billion to $14.75 billion
  • Operating margin for the full fiscal year to be in the range of 15.2% to 15.4%

Headwinds

  • Foreign-exchange impact on its results in U.S. dollars will be approximately negative 3% compared with fiscal 2021
  • Assumes a negative 4% foreign-exchange impact compared with the second quarter of fiscal 2021
  • Company continues to expect its annual effective tax rate to be in the range of 23.0% to 25.0%.
  • Uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity
  • Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.0%

Avg return

30 days after

46%

33 / 72 earnings

Positive

+8.8%

Q4 2012

Best reaction

-19.0%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-19.0%
Q2 2026+0.4%-1.3%
Q1 2026-3.0%-1.1%+4.6%
Q4 2025-2.8%+3.1%+3.6%
Q3 2025-1.4%+0.9%-12.1%
Q2 2025-7.3%-4.8%-13.0%
Q1 2025+5.4%+4.0%+1.4%
Q4 2024+3.8%+4.4%+7.0%
Q3 2024+8.3%+7.6%+15.4%
Q2 2024-11.3%-11.6%-16.7%
Q1 2024-0.7%+3.7%+5.2%
Q4 2023-2.3%-2.6%-7.7%
Q3 2023-4.7%-4.0%+0.5%
Q2 2023+7.4%+8.6%+9.1%
Q1 2023-9.1%-4.3%+0.4%
Q4 2022-2.0%-3.4%+1.6%
Q3 2022+4.5%-0.9%+0.6%
Q2 2022-0.3%+0.8%-1.7%
Q1 2022+5.6%+4.7%-5.8%
Q4 2021+1.4%-3.1%+5.7%
Q3 2021+3.1%+3.8%+11.5%
Q2 2021-0.2%+0.7%+8.6%
Q1 2021+7.6%+4.9%+2.5%
Q4 2020-6.9%-2.8%-0.4%
Q3 2020+5.3%+6.4%+9.7%
Q2 2020-0.8%+3.8%+15.8%
Q1 2020+2.6%+2.8%+1.7%
Q4 2019+0.3%-0.7%-4.1%
Q3 2019+0.8%+2.9%+7.4%
Q2 2019+5.7%+5.3%+8.6%
Q1 2019-9.1%-11.5%-0.3%
Q4 2018-1.6%+0.1%-10.7%
Q3 2018+5.3%+5.1%+4.3%
Q2 2018-9.1%-8.1%-5.9%
Q1 2018+1.4%+0.8%+6.6%
Q4 2017-1.1%-1.7%+4.9%
Q3 2017-3.4%-3.9%+1.4%
Q2 2017-5.9%-4.1%-5.7%
Q1 2017-5.1%-5.3%-7.3%
Q4 2016+4.7%+1.4%-0.8%
Q3 2016-6.4%-7.1%-5.2%
Q2 2016+6.0%
Q1 2016-6.6%
Q4 2015-0.9%
Q3 2015+1.3%
Q2 2015+6.5%
Q1 2015+6.1%
Q4 2014-0.8%
Q3 2014-2.1%
Q2 2014-5.0%
Q1 2014+6.5%
Q4 2013-2.7%
Q3 2013-9.6%
Q2 2013+1.3%
Q1 2013-3.0%
Q4 2011+0.4%
Q4 2012+8.8%
Q3 2012-1.9%
Q2 2012+1.8%
Q1 2012-3.4%
Q2 2011+2.2%
Q3 2011+3.8%
Q1 2011-3.2%
Q4 2010-1.4%
Q4 2008-1.4%
Q3 2010+5.8%
Q3 2009+5.8%
Q2 2009+1.9%
Q2 2010+1.9%
Q1 2009-2.5%
Q1 2010-2.5%
Q4 2009-2.5%

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