CLAIM #3438 · Accenture plc (ACN) · 2022Q1 earnings call · Dec 16, 2021 · due Aug 31, 2022
“we continue to expect to invest approximately $4 billion in acquisitions this fiscal year.”
KC McClure · CFO
In context
“our guided range, with broad based over delivery across all markets, services and industries with all 13 industry groups growing double digits. We continue to extend our leadership position with growth we estimate to be more than 5x the market which refers to our basket of publicly traded companies. Operating margin of 16.3% for the quarter, an increase -- with an increase of 20 basis points. We continue to drive margin expansion while making significant investments in our people, in our business, including acquisitions. We delivered very strong EPS of $2.78, up 28% over adjusted fiscal '21 results. Finally, we delivered free cash flow of $349 million and return $1.5 billion to shareholders through repurchases and dividends. We also invested approximately $1.7 billion in acquisitions, and we continue to expect to invest approximately $4 billion in acquisitions this fiscal year. With those high level comments, let me turn to some of the details, starting with new bookings. New bookings were record at $16.8 billion for the quarter, representing 30% growth in U.S dollars, and were $800 million higher than our previous record. With an overall book-to-bill of 1.1. Consulting bookings were record at $9.4 billion with a book-to-bill of 1.1. Outsourcing bookings were $7.4 billion with a book-to-bill of 1.1. We were very pleased with our bookings this quarter, which reflected 20 clients with bookings over $100 million. All of our service dimensions, strategy consulting, technology services and operations, as well as our geographic markets delivered strong double-digit bookings growth in U.S dollars. Turning now to revenues. Revenues for the quarter were $15 billion, a 27”
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SEC filings for ACN ↗ · Claim quote is verbatim from the 2022Q1 earnings call.