Accenture press release (ACN): Q1 Non-GAAP EPS of $3.94 beats by $0.22.
Revenue of $18.74B (+5.9% Y/Y) beats by $210M.
New bookings of $20.9 billion, an increase of 12% in U.S. dollars and 10% in local currency.
Advanced AI new bookings of $2.2 billion
Free cash flow of $1.5 billion.
Total cash returned to shareholders of $3.3 billion, reflecting $2.3 billion in repurchases or redemptions of 9.5 million shares, and cash dividend payments of $1.0 billion, or $1.63 per share, a 10% increase.
Q2 Revenue consensus of $17.78B.
Outlook: Company continues to expect full-year revenue growth to be 2% to 5% in local currency (vs. estimated growth of 5.60% Y/Y). Excluding an estimated 1% impact from its U.S. federal business, company continues to expect revenue growth to be 3% to 6% in local currency • Now expects GAAP operating margin to be 15.2% to 15.4%, an expansion of 50 to 70 basis points; continues to expect adjusted operating margin to be 15.7% to 15.9%, an expansion of 10 to 30 bps • Now expects GAAP diluted earnings per share to be in the range of $13.12 to $13.50, an 8% to 11% increase; continues to expect adjusted EPS to be in the range of $13.52 to $13.90 (vs. consensus of $13.77), a 5% to 8% increase.
