Reports Q3 $3.19 v $2.96e, Rev $16.6B v $16.5Be
- Guides Q4 Rev $15.8-16.4B v $16.3Be
- Raises mid-point FY23 adj EPS $11.52-11.63 v $11.58e, Cuts mid-point Rev +8.9% y/y ( EPS $11.41-11.63, Rev +8-10% y/y)
- Affirms FY23 adj op margin 15.4%, +20bps (prior 15.3-15.5%, +10-30 bps)
- Affirms FY23 op cash flow $8.7-9.2B, Raises FCF $8.1-8.6B (op cash flow $8.7-9.2B, FCF $8.0-8.5B)
- New bookings $17.3B, +4% y/y (cc)
- Gross margin 33.4% v 32.9% y/y
- Op margin 16.3% +20bps y/y
- CEO: "Our third quarter results reflect solid bookings and revenue and very strong adjusted operating margin, earnings per share and free cash flow, which demonstrates the rigor and discipline with which we run our business. The strength of our strategy to be our clients’ transformation partner of choice continues to resonate, with 26 clients with quarterly bookings of $100 million or more; and our business model, which for decades has been built around the diversity of our markets, industries and services, along with our more than 730,000 talented people position us well to continue to deliver 360° value for our clients and stakeholders every day"