Accenture has introduced first quarter (Q1) revenues of $18.74bn for fiscal yr 2026 (FY26), up from $17.6bn in the identical interval a yr earlier.
The reported improve represents a 6% rise in US {dollars} and a 5% rise in native forex. This places income on the higher finish of the corporate’s steering vary of $18.1bn–18.75bn.
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Internet earnings on a Usually Accepted Accounting Follow (GAAP) foundation reached $2.24bn for the quarter, in contrast with $2.32bn in Q1 FY25. Adjusted internet earnings for the interval got here to $2.49bn.
Accenture reported gross margin at 33.1%, barely greater than the 32.9% recorded a yr in the past.
Promoting, basic and administrative bills have been $3.02bn, or 16.1% of revenues, versus $2.87bn (16.2% of revenues) for the corresponding interval final yr.
New bookings for the quarter totalled $20.9bn. Of that determine, superior AI new bookings accounted for $2.2bn.
The corporate’s GAAP working margin stood at 15.3%, down from 16.7% within the earlier yr’s first quarter, a lower of 140 foundation factors.
Adjusted working margin elevated by 30 foundation factors to achieve 17%. Diluted earnings per share underneath GAAP declined by 1% to $3.54 from $3.59 in the identical interval final yr, whereas adjusted earnings per share rose by 10% to $3.94.
Free money circulate for the quarter amounted to $1.5bn, and Accenture returned a complete of $3.3bn to shareholders by means of share repurchases or redemptions totalling $2.3bn and dividend funds amounting to $1bn, or $1.63 per share.
Accenture chair and CEO Julie Candy stated: “I’m very happy with our $21bn in new bookings, together with 33 purchasers with quarterly bookings larger than $100m.
“We delivered income progress of 5% in native forex, on the prime of our guided vary, whereas persevering with to realize market share.”
For the total fiscal yr, Accenture continues to venture income progress of between 2% and 5% in native forex phrases, with an expectation of three–6% progress, excluding an estimated 1% impression from its US federal enterprise operations.
The corporate now anticipates a GAAP working margin of between 15.2% and 15.4%, reflecting an enlargement of fifty–70 foundation factors, and maintains its outlook for an adjusted working margin of between 15.7% and 15.9%, an enlargement of 10–30 foundation factors.
Accenture now expects GAAP diluted earnings per share for the yr to be within the vary of $13.12–13.50, reflecting a rise of between 8% and 11%.
The corporate additionally continues to anticipate adjusted earnings per share of between $13.52 and $13.90, representing a rise of between 5% and eight%.
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