Accenture revenues up 1 percent to $8 billion in Q1 of fiscal 2016

IT services provider Accenture said its revenues — mainly driven by Americas — rose 1 percent to $8 billion in the first quarter of fiscal 2016, ended November 30, 2015.

Operating income grew 3 percent to $1.22 billion.

“We will continue to focus on rotating our business to digital, cloud and security services — high-growth areas that are clearly differentiating us in the marketplace and contributing to our strong growth,” said Pierre Nanterme, Accenture’s chairman and CEO.

Accenture said its consulting revenues rose 6 percent to $4.35 billion, while its outsourcing revenues fell 4 percent to $3.67 billion.

Net income of Accenture increased marginally to $869 million from $892 million.
Accenture revenue in November quarter 2015
Attrition rate for Accenture for the first quarter of fiscal 2016 was 13 percent, compared with 14 percent for the fourth quarter of fiscal 2015 and 13 percent for the first quarter of fiscal 2015.

Accenture has generated $1.60 billion (+1 percent) from Communications, Media & Technology, $1.75 billion (+2 percent) from Financial Services, $1.42 billion (+4 percent) from Health & Public Service, $1.99 billion (+3 percent) from Products, $1.25 billion (–4 percent) from Resources.

Accenture generated $3.76 billion revenue (+9 percent) from North America, $2.88 billion (–1 percent) from Europe and $1.36 billion (–12 percent) from Growth Markets.

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