Accenture PLC (NYSE:ACN) saw its shares dart skyward Thursday on fourth-quarter figures. The company reported fourth-quarter FY21 revenue growth of 24% year-on-year to $13.419 billion, marginally missing the analyst consensus of $13.42 billion.
New bookings increased 7% Y/Y to $15 billion. Consulting revenues rose 29% Y/Y to $7.31 billion, and Outsourcing revenues increased 19% Y/Y to $6.11 billion. North American market revenue grew 23% Y/Y to $6.39 billion; European market increased 26% Y/Y to $4.30 billion; Growth Markets Revenue rose 23% Y/Y to $2.73 billion.
Communications, Media & Technology segment revenue rose 26% Y/Y to $2.77 billion; Financial Services unit revenue increased 24% Y/Y to $2.61 billion; Health & Public Service division revenue expanded 20% Y/Y to $2.50 billion; Products segment revenue rose 29% Y/Y to $3.73 billion; while the Resources unit revenue increased 17% Y/Y to $1.80 billion.
Net income grew 9.9% Y/Y to $1.44 billion. EPS of $2.20 beat the analyst consensus of $2.19. The company generated $2.4 billion in operating cash flow and held $8.2 billion in cash and equivalents.
Also, Accenture repurchased shares worth $915 million in Q4. The board approved $3.0 billion of additional share repurchase.
Accenture raised the quarterly dividend by 10% to $0.97 per share for shareholders of record on Oct. 14, payable on Nov. 15.
ACN shares traded higher by $4.53, or 1.4% at $339.19 early Thursday.
