Accenture Plc (NYSE:ACN) earnings for the fiscal first quarter surged 8.8% as company get paybacks from solid revenue growth in its outsourcing business, and lower effective tax rate. Shares dropped 4.7% as consulting revenue.
Net revenues for the quarter remained $7.2 billion its diluted earning per share remained $1.06 for the quarter which is an increase of 10% over the same period last year.
Operating income for the quarter remained $1.05 billion which is an increase of 7 % versus comparable period of previous year operating margin for the quarter was 14.5 %.
Accenture Plc (NYSE:ACN)’s stock in last session held volume of 4.24 million shares as compared to its average volume of 2.57 million shares. The stock after opening at $71.49 hit high price of $71.40 and then closed at $70.40 by scoring -1.01%.
As the revenue measures ACN generated revenue of $29.78 billion in the previous twelve months and has income of $2.55 billion. The Company showed a positive 9.49% in the net profit margin and its operating margin remained 13.00%. Company’s annual sales growth for the past five years was 6.78%.
The stock showed weekly downbeat performance of -0.16% which was maintained for the month at +4.98%. Likewise the positive performance for the quarter was recorded as +9.08% and for the year was +32.96% while the YTD performance remained at +35.23%.
ACN’s past twelve months’ price to sales ratio was 1.90 and price to cash ratio remained 8.52. As far as the returns are concerned, ACN’s return on equity was recorded as +63.64% and returns on investment as +36.61% while its return on assets stayed at +17.44%.
