Global consulting firm Accenture reported a 5% increase in revenue for the first quarter ended 30 November, 2022, but sales were down in Europe.
Total group sales reached $15.7 billion, and diluted earnings per share were $3.08, an 11% increase from $2.78 for the first quarter last year.
The Operating income was $2.59 billion, a 7% increase over the same period last year, and the operating margin was 16.5%, an expansion of 20 basis points.
New bookings for the quarter were $16.2 billion, with bookings of $8.1 billion for both consulting and managed services (previously referred to as outsourcing).
Consulting revenues for the quarter were $8.44 billion, an increase of 1%.
Managed services sales were $7.30 billion, an increase of 11%.
The operating income increased 7% to $2.59 billion, and the net income was $2 billion, compared with $1.82 billion for the first quarter last year.
North America sales were $7.62 billion, an increase of 10%. But Europe sales fell 0.5% to $5.07 billion.