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News

What Accenture's Earnings Mean for Mutual Fund Investors

Shauna O'Brien Sep 24, 2014


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
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.

Outlook
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



The Bottom Line


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