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This Article is From Sep 24, 2021

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

Accenture - Excellent Q4 Results;  Robust Demand Scenario Continues: Axis Securities
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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