Accenture’s Operating income increases 7% to $1.89 billion, with an operating margin of 16.1%, an expansion of 50 basis points.
Accenture’s Operating income was $1.89 billion, a 7% increase over the same period last year, and operating margin was 16.1%, an expansion of 50 basis points.
Accenture’s Operating income for the quarter increased 7%, to $1.89 billion, or 16.1% of revenues, compared with $1.77 billion, or 15.6% of revenues, for the first quarter of fiscal 2020.
Operating cash flow for the quarter was $1.60 billion, and property and equipment additions were $93 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $1.51 billion. For the same period last year, operating cash flow was $787 million; property and equipment additions were $95 million, and free cash flow was $692 million.
Accenture continues to expect the operating margin for the full fiscal year to be in the range of 14.8% to 15.0%, an expansion of 10 to 30 basis points from fiscal 2020.
For fiscal 2021, the company now expects operating cash flow to be in the range of $6.65 billion to $7.15 billion, compared with $6.35 billion to $6.85 billion previously; continues to expect property and equipment additions to be $650 million; and now expects free cash flow to be in the range of $6.0 billion to $6.5 billion, compared with $5.7 billion to $6.2 billion previously.
Source: investor.accenture.com
