Accenture Reports Strong Third-Quarter Fiscal 2018 Results
-- Revenues increase 16% in U.S. dollars and 11% in local currency to $10.3 billion --
-- EPS of $1.60 include a $0.19 charge related to tax law changes; excluding this charge, EPS are $1.79, up 18% from adjusted EPS of $1.52 in the third quarter last year --
-- Operating income is $1.62 billion, up 18% from adjusted operating income of $1.38 billion in the third quarter last year; operating margin is 15.7%, an expansion of 20 basis points from adjusted operating margin of 15.5% in the third quarter last year --
-- New bookings are $11.7 billion, with consulting bookings of $5.9 billion and outsourcing bookings of $5.8 billion --
-- Accenture updates business outlook for fiscal 2018; raises range for full-year revenue growth to 9.5-10% in local currency; raises outlook for adjusted EPS to $6.66 to $6.71; and raises outlook for free cash flow to $4.9 billion to $5.2 billion --
Pierre Nanterme, Accenture’s chairman and CEO, said, “We delivered outstanding financial results for the third quarter. I am particularly pleased with our record new bookings of $11.7 billion and our double-digit revenue growth, which again was exceptionally balanced across the dimensions of our business. We grew EPS 18 percent on an adjusted basis, expanded operating margin, generated very strong free cash flow and returned $1.6 billion in cash to our shareholders.
“We are clearly benefiting from our unique position as the end-to-end leader operating at scale in the New – digital, cloud and security services, which now account for approximately 60 percent of total revenues. We continue to invest to build highly differentiated capabilities and capture new growth opportunities. These investments and our innovation-led approach position us very well to continue gaining market share and delivering value for our clients and shareholders.”
Accenture Reports Strong Third-Quarter Fiscal 2018 Results | Business Wire
