Accenture posts 1Q profit, results beat Wall Street forecasts

MarketsAssociated Press

Accenture PLC (ACN) on Thursday reported earnings of $831.5 million in its fiscal first quarter.

On a per-share basis, the Dublin-based company said it had profit of $1.29.

Continue Reading Below

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The consulting company posted revenue of $7.9 billion in the period, also topping Street forecasts. Analysts expected $7.67 billion, according to Zacks.

Accenture expects full-year earnings to be $4.66 to $4.80 per share. It raised its estimate of revenue growth for the year to a range of 5 percent to 8 percent in local currency compared with an earlier estimate for growth of 4 percent to 7 percent.

Accenture shares have risen nearly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 9 percent. The stock has climbed 15 percent in the last 12 months.


Elements of this story were generated by Automated Insights using data from Zacks Investment Research. ACN stock research report from Zacks.


Keywords:Accenture,Earnings Report