Accenture Reports First-Quarter Fiscal 2026 Results

Core Insights - Accenture reported strong financial results for Q1 fiscal 2026, with $21 billion in new bookings and a revenue growth of 5% in local currency, indicating a solid market position and effective strategy [2][8] Financial Performance - New bookings reached $20.9 billion, reflecting a 12% increase in U.S. dollars and a 10% increase in local currency [8] - Revenues totaled $18.7 billion, marking a 6% increase in U.S. dollars and a 5% increase in local currency [8] - GAAP operating margin was 15.3%, down 140 basis points from 16.7% in Q1 fiscal 2025; however, adjusted operating margin improved by 30 basis points to 17.0% [8] - GAAP diluted earnings per share (EPS) decreased by 1% to $3.54, while adjusted EPS increased by 10% to $3.94 [8] - Free cash flow amounted to $1.5 billion, with total cash returned to shareholders reaching $3.3 billion, including $2.3 billion in share repurchases and $1.0 billion in dividends [8] Business Outlook - The company anticipates full-year revenue growth of 2% to 5% in local currency, with an expected growth of 3% to 6% when excluding a 1% impact from its U.S. federal business [8] - GAAP operating margin is projected to be between 15.2% and 15.4%, with an expansion of 50 to 70 basis points; adjusted operating margin is expected to be between 15.7% and 15.9%, expanding by 10 to 30 basis points [8] - GAAP diluted EPS is forecasted to range from $13.12 to $13.50, representing an 8% to 11% increase; adjusted EPS is expected to be between $13.52 and $13.90, indicating a 5% to 8% increase [8]