Accenture has announced Q3 FY21 results, for the period ending May 30, 2021:

• Revenues were $13,264m, up 20.7% y/y, up 16% in CC
• Operating income (EBIT) was $2,119m, a margin of 16%, up 39 bps y/y.

Q3 FY21 revenue (with reported and constant currency growth) by service line was:

• Consulting and systems integration $7,260.4m (+21.0%) (+16% in CC)
• Outsourcing $6,003.4m (+20.2%) (+16% in CC).

Q3 FY21 revenue (with reported and CC growth) by industry sector was:

• Products $3,674m (+22.5%) (+17% in CC)
• Communications, Media & Technology $2,704m (+23.1%) (+19% in CC)
• Financial services $2,598m (+21.5%) (+16% in CC)
• Resources $1,768m (+8.1%) (+25% in CC)
• Health & Public Services (HPS) $2,519m (+25.0%) (+21% in CC)

Q3 FY21 revenue (and revenue growth) by geography was:

• North America $6,200m (+18.3%) (18% in CC)
• Europe $4,452m (+24.5%) (+14% in CC)
• Growth Markets $2,612m (+20.0%) (+15% in CC).

New bookings in the quarter were $15.37bn (Q2 FY 2021: $16.01n). Bookings by service type were:

• Consulting $8.02bn, a book-to-bill of 1.10
• Outsourcing $7.35bn., a book-to-bill of 1.22

Utilization in the quarter was 93%, up from 94% in Q2 FY21.
Attrition for the quarter was 17%, up  from 12% in Q2 FY21 and up from 11% in Q3 FY20.

Accenture’s total cash balance at February 28, 2021 was $10.0bn, compared with $8.4bn at August 31, 2020.

Revenue guidance for:

• Q4 FY21 is in the range of $13.1bn to $13.5bn, a y/y growth of 17% to 21%
• FY21 is of CC growth of 10% to 11%