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Accenture reports $16.16 bn revenue in Q3

  • Jun 23, 2022, 04.45 PM
  • DealMoney News Service

Accenture reported financial results for the third quarter of fiscal 2022, ended May 31, 2022, with revenues of $16.2 billion, an increase of 22% in U.S. dollars and 27% in local currency over the same period last year.

The company said that operating income was $2.6 billion, a 23% increase over the same period last year, and operating margin was 16.1%, an expansion of 10 basis points. 

Accenture expects revenues for the fourth quarter of fiscal 2022 to be in the range of $15.0 bn to $15.5 bn, 20% to 24% growth in local currency

New bookings for the quarter were $17.0 bn, a 10% increase in U.S. dollars and 15% in local currency from the third quarter last year, the company said.

The company further said that Consulting revenues for the quarter were $9.03 billion, an increase of 24% in U.S. dollars and 30% in local currency.