Accenture has announced Q3 FY22 results, for the period ending February 28, 2022:
- Revenues were $16,158.8m, up 21.8% y/y, up 27% in CC
- Operating income (EBIT) was $2,603.2m, a margin of 16.1%, up 10 bps y/y.
Q3 FY22 revenue (with reported and constant currency growth) by service line was:
- Consulting and systems integration $9,032.4m (24.4+%) (+30% in CC)
- Outsourcing $7,126.3m (+18.7%) (+23% in CC).
Q3 FY22 revenue (with reported and CC growth) by industry sector was:
- Products $4,601m (+25.2%) (+31% in CC)
- Communications, Media & Technology $3,427m (+26.7%) (+31% in CC)
- Financial services $3,079m (+18.6%) (+24% in CC)
- Resources $2,134m (+20.7%) (+26% in CC)
- Health & Public Services (HPS) $2,917m (+15.8%) (+19% in CC)
Q3 FY22 revenue (and revenue growth) by geography was:
- North America $7,614m (+22.8% as reported and in CC)
- Europe $5,350m (+20.2%) (+30% in CC)
- Growth Markets $3,195m (+22.3%) (+30% in CC).
New bookings in the quarter were $16.96bn (Q3 FY 2021: $15.37bn). Bookings by service type were:
- Consulting $9.1bn, a book-to-bill of 1.01x
- Outsourcing $7.8bn, a book-to-bill of 1.10x
Utilization in the quarter was 91%, down from 92% in Q2 FY22.
Attrition for the quarter was 20%, up from 18% in Q2 FY22 and up from 93% in Q3 FY21.
Accenture’s total cash balance at May 31th, 2022 was $6.1bn, compared with $8.2bn at May 31, 2021.
Revenue guidance for:
- Q4 FY22 is in the range of $15.0bn to $15.5bn, a y/y growth of 20% to 24%
- FY22 is of CC growth of 25.5% to 26.5% (previously 24% - 26%).
Vendor | Accenture |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2022-02-28 |
Growth | 21.8 |
Revenues ((m) in local currency | 16159 |
Revenues (in $m at that date) | 16159 |