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 was $7.90 billion, up from last year’s $7.36 billion. Analysts expected to see earnings of $7.69 billion.
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
|VTSMX||Vanguard Total Stock Market Index||1.60%|
The Bottom Line
Shares of ACN are up 10% YTD.
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