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Accenture reports "very strong" Q2 and raises full fiscal year outlook

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New York: Accenture has reported financial results for the second quarter of fiscal 2015, ended Feb. 28, 2015, with net revenues of $7.5 billion, an increase of 5 percent in U.S. dollars and 12 percent in local currency over the same period last year.

Operating income was $1.02 billion, an increase of 7 percent, and operating margin was 13.6 percent, a year-on-year expansion of 30 basis points.

New bookings for the quarter were $9.4 billion, with consulting bookings of $4.2 billion and outsourcing bookings of $5.1 billion.

Pierre Nanterme, Accenture's chairman and CEO, said, "We are extremely pleased with our very strong financial results for the second quarter and first half of fiscal 2015. Our revenue growth of 12 percent in the second quarter was again broad-based across the different dimensions of our business, and we gained significant market share. We delivered excellent new bookings of $9.4 billion, demonstrating that our services continue to be highly relevant to our clients. Based on our continued momentum and very strong performance in the first half, we are raising our business outlook for revenues for the full fiscal year.

"Our growth strategy and the focused investments we have made across our business are clearly differentiating Accenture in the marketplace--particularly in digital, where we delivered revenue growth of more than 20 percent in local currency in the first half of the fiscal year. We continue to invest to further differentiate our capabilities and to enhance our competitiveness. We remain confident in our ability to continue driving sustainable, profitable growth and delivering value for our clients and shareholders."

  • Consulting net revenues for the quarter were $3.84 billion, an increase of 4 percent in U.S. dollars and 11 percent in local currency compared with the second quarter of fiscal 2014.
  • Outsourcing net revenues were $3.65 billion, an increase of 6 percent in U.S. dollars and 13 percent in local currency over the second quarter of fiscal 2014.

Revenues by Geography:

  • North America: $3.41 billion, compared with $3.03 billion for the second quarter of fiscal 2014, an increase of 13 percent in both U.S. dollars and local currency.
  • Europe: $2.66 billion, compared with $2.72 billion for the second quarter of fiscal 2014, a decrease of 2 percent in U.S. dollars and an increase of 9 percent in local currency.
  • Growth Markets: $1.42 billion, compared with $1.38 billion for the second quarter of fiscal 2014, an increase of 3 percent in U.S. dollars and 12 percent in local currency.

Outlook:

For fiscal 2015, the company has raised its outlook for net revenue growth in local currency to be in the range of 8 percent to 10 percent, compared with 5 percent to 8 percent previously.

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