Company Report

Accenture’s Revenue increases by 4% in U.S. dollars in Q1 2021

Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2021, ended Nov. 30, 2020, with revenues of $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency over the same period last year. Revenue growth for the quarter was reduced approximately 2 percentage points by a decline in revenues from reimbursable travel costs.

Accenture’s Revenues are $11.8 billion, an increase of 4% in U.S. dollars and 2% in the local currency, more than $200 million above the company’s guided range, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs.

Accenture’s Revenues for the first quarter of fiscal 2021 were $11.76 billion, compared with $11.36 billion for the first quarter of fiscal 2020, an increase of 4% in U.S. dollars and 2% in the local currency, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs.

Accenture’s Revenues were more than $200 million above the company’s guided range of $11.15 billion to $11.55 billion. The foreign-exchange impact for the quarter was approximately positive 1.5%, consistent with the assumption provided in the company’s fourth-quarter earnings release.

Source: investor.accenture.com

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