Consider these 9 things before investing in mutual funds!
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The Nifty IT index was up 2.27% at 37,653.40 on Friday. While the index has risen 6.37% in four consecutive sessions, it has climbed 8.92% so far this month.
Larsen & Toubro Infotech (up 6.55%), Mphasis (up 3.28%), HCL Technologies (up 2.68%), Mindtree (up 2.63%), Oracle Financial Services Software (up 2.49%), Wipro (up 1.97%), Infosys (up 1.97%), TCS (up 1.36%), Coforge (up 1.23%) and Tech Mahindra (up 0.48%) advanced.
For the fourth quarter, Accenture’s revenues were $13.4 billion, an increase of 24% in U.S. dollars compared with the fourth quarter of fiscal 2020. Diluted earnings per share were $2.20, an 11% increase from $1.99 last year, which included $0.29 in gains on an investment. Diluted EPS increased 29% from adjusted EPS of $1.70 for the fourth quarter last year. Operating income for the fourth quarter of fiscal 2021 was $1.96 billion, or 14.6% of revenues, compared with $1.54 billion, or 14.3% of revenues, for the fourth quarter of fiscal 2020.
Operating margin for the fourth quarter of fiscal 2021 was 14.6%, an expansion of 30 basis points from the fourth quarter of fiscal 2020. Operating cash flow was $2.4 billion and free cash flow was $2.2 billion. New bookings were $15.0 billion.
Net income for the quarter was $1.44 billion, compared with $1.31 billion for the fourth quarter of fiscal 2020. Excluding the $185 million after-tax impact of gains on an investment, net income was $1.12 billion for the fourth quarter last year.
New bookings are $15 billion for fourth quarter and a record $59.3 billion for full year, a 20% increase in U.S. dollars over full-year fiscal 2020 new bookings, the company said.
For the first quarter fiscal 2022, Accenture expects revenues for the first quarter of fiscal 2022 to be in the range of $13.90 billion to $14.35 billion, an increase of 18% to 22% in local currency, reflecting the company’s assumption of a positive 0.5% foreign-exchange impact compared with the first quarter of fiscal 2021.
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