Skip to main content

Market Overview

Accenture Shares Are Trading Higher Following Upbeat Q2 Earnings, Strong Q3 Guidance, Dividend Hike


Accenture PLC’s (NYSE: ACNrevenue rose 8% year-over-year to $12.1 billion for the second quarter of FY21, beating the analyst estimate of $11.83 billion. The growth was partially offset by reimbursable travel cost revenue.

  • New bookings rose 13% to $16 billion, with record bookings in consulting and outsourcing at $8.0 billion.
  • The gross margin contracted 50 basis points to 29.7%.
  • Operating income rose 11% to $1.65 billion, with a 30 basis point expansion to 13.7%.
  • Net income rose 17% to $1.46 billion. EPS increased 10% to $2.03 above the analyst estimate of $1.9.
  • The company generated an operating cash flow of $2.53 billion, and cash and equivalents amounted to $9.2 billion.
  • The company announced a one-time bonus, equal to one week of base pay, for all people below the MD.
  • Accenture raised the quarterly cash dividend 10% to $0.88.
  • Accenture expects revenues for the third quarter of FY21 to be in the range of $12.55 billion to $12.95 billion, signifying a 10% to 13% growth, exceeding the consensus estimate of $12.18 billion.
  • Price action: ACN shares traded higher by 4.82% at $277 in the premarket session on the last check Thursday.

Related Articles (ACN)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance Dividends Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at