The company’s stock was also pulled down by a weak outlook for FY2015.
Inside Accenture’s Earnings Results
The business services company reported Q4 earnings of $701.02 million, or $1.08 per share, up from $671 million, or $1.01 per share, in the same quarter a year ago. Despite higher profits, which were driven by increased revenue in all of its business segments, the company’s EPS results missed analysts’ view of $1.10 per share.
Revenue grew to $8.27 billion, from $7.52 billion last year. Net revenues were $7.78 billion, from $7.09 billion a year ago. Revenue rose 10% in USD and 8% in local currency. Analysts expected to see revenue of $7.62 billion.
Looking forward to Q12015, Accenture expects to see revenue between $7.55 billion and $7.80 billion. Analysts expect to see $7.80 billion in revenue.
For FY2015, the company expects to see EPS in the range of $4.74 – $4.88. Analysts expect to see earnings of $4.91 per share.
Mutual Funds on Watch
|MEIAX||MFS® Value Fund Class A||2.16%|
|VTSMX||Vanguard Total Stock Market Index Fund||1.56%|
The Bottom Line
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.