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.
Maya Grinberg is a careers Reporter for Tech News vision make it. Prior to joining Tech News Vision, she worked as a fiction stories and a freelancer for magazine, where she eventually worked her way up to careers editor. During this time, she created daily content for own website and worked with the research team to create content. she developed some own Newswebsite.