Strong Consulting Revenues And Signings Buoys Accenture’s Results
Accenture (NYSE:ACN) reported its Q2 results for FY2016 on 24th March, Thursday. (Fiscal years end with August.) The company reported better than expected results and guidance for FY16. This was also reflected in the stock price, which increased by over 6% by the end of the closing hours on Thursday. Furthermore, the company reported record bookings for its consulting division, while the outsourcing division continued to struggle as competition intensified in this increasingly commoditized sector. A summary of the results follows:
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Have more questions about Accenture? See the links below.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Accenture