Accenture - Excellent Q4 Results; Robust Demand Scenario Continues: Axis Securities

Accenture - Excellent Q4 Results; Robust Demand Scenario Continues: Axis Securities

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Axis Securities Report

Accenture Plc. reported strong Q4 FY21 results, beating the street expectations on all financial and operational terms.

Revenue for the quarter stood at $13.4 billion, registering a growth of 24% YoY.

GAAP earnings per share for Q4 FY21 stood at $2.23 and adjusted EPS stood at $2.03 versus $1.84 YoY.

The company bagged new bookings at the record-high of $15 billion, up 7% YoY, while total booking for FY21 stood at $59.8 billion, up 20% YoY.

New bookings were largely broad-based in terms of verticals and geographies and the management believes that Accenture would continue to witness strong growth momentum in FY22 as well.

Click on the attachment to read the full report:

Axis Securities Accenture Sector Update.pdf
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