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News

What Accenture's Earnings Mean for Mutual Fund Investors (ACN)

Shauna O'Brien Dec 18, 2014



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



The Bottom Line


Shares of ACN are up 10% YTD.

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