Inside the Results
The company reported earnings of $892 million, or $1.29 per share, up from $812 million, or $1.15 per share, a year ago. Analysts expected to see $1.20 per share in earnings.
Revenue
Revenue was $7.90 billion, up from last year’s $7.36 billion. Analysts expected to see earnings of $7.69 billion.
Outlook
Looking ahead to Q2, the company expects to see revenue between $7.25 billion and $7.50 billion. For FY2015, the company expects to see revenue growth between 5% and 8%. Earnings are expected to be between $4.66 and $4.80 per share. Previously, ACN expected to see EPS between $4.74 and $4.88. The updated guidance is due to a foreign currency impact.
Quiet Year for Accenture
One potential concern going into 2015 is the company’s lower outlook.
Mutual Funds to Watch
Symbol | Mutual Fund | Stake |
---|---|---|
VWELX | Vanguard Wellington | 1.61% |
VTSMX | Vanguard Total Stock Market Index | 1.60% |
MEIAX | MFS Value | 1.39% |
The Bottom Line
Shares of ACN are up 10% YTD.