Shares of Accenture were down on Wednesday morning after the company reported earnings that missed fourth quarter estimates, despite its higher reported net income and revenue for the quarter.

The company’s stock was also pulled down by a weak outlook for FY2015.

Inside Accenture’s Earnings Results

Earnings

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

With any major earnings release, it is important to examine the mutual funds that have the largest stake in the company. Below are the mutual funds with the largest stake in ACN.

The Bottom Line

It is important for mutual fund investors to pay attention to the holdings in the funds that they own. Earnings releases are one of the most important pieces of information for investors. These releases are one of the key components to determine how a company is performing.