What Accenture's Q2 Earnings Mean For Mutual Fund Investors (ACN)

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

What Accenture's Q2 Earnings Mean For Mutual Fund Investors (ACN)

Accenture logo in black
Before the opening bell on Thursday morning, outsourcing and business services company Accenture (ACN) released its second quarter financial results. Here’s what the results mean for mutual fund investors.

Inside ACN’s Results

Earnings

The company reported net income of $690.73 million, or $1.08 per share, compared to $671.30 million, or $1.03 per share, last year. On average, analysts expected to see EPS of $1.07.

Revenue
Revenue rose to $7.93 billion from $7.57 billion last year. Revenue before reimbursements came in at $7.49 billion, above analysts’ view of $7.38 billion.

Outlook
The company expects to see FY2015 adjusted EPS between $4.66 and $4.76. Analysts expect to see EPS of $4.75.

Higher Expected Exchange Impact

In its latest report, Accenture noted that it now expects a negative foreign-exchange impact of 8%, compared with its previous estimate of a 5% negative impact. Even with its currency concerns, Wall Street was pleased with the company’s latest results, as shares rose 6% on Thursday morning.

Mutual Funds to Watch

Investors interested in Accenture may also consider the following mutual funds as an alternative to investing directly in the stock. The funds below currently hold the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in Accenture may also be interested in IBM (IBM) and Infosys (INFY).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Accenture logo in black

What Accenture's Q2 Earnings Mean For Mutual Fund Investors (ACN)

Before the opening bell on Thursday morning, outsourcing and business services company Accenture (ACN) released its second quarter financial results. Here’s what the results mean for mutual fund investors.

Inside ACN’s Results

Earnings

The company reported net income of $690.73 million, or $1.08 per share, compared to $671.30 million, or $1.03 per share, last year. On average, analysts expected to see EPS of $1.07.

Revenue
Revenue rose to $7.93 billion from $7.57 billion last year. Revenue before reimbursements came in at $7.49 billion, above analysts’ view of $7.38 billion.

Outlook
The company expects to see FY2015 adjusted EPS between $4.66 and $4.76. Analysts expect to see EPS of $4.75.

Higher Expected Exchange Impact

In its latest report, Accenture noted that it now expects a negative foreign-exchange impact of 8%, compared with its previous estimate of a 5% negative impact. Even with its currency concerns, Wall Street was pleased with the company’s latest results, as shares rose 6% on Thursday morning.

Mutual Funds to Watch

Investors interested in Accenture may also consider the following mutual funds as an alternative to investing directly in the stock. The funds below currently hold the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in Accenture may also be interested in IBM (IBM) and Infosys (INFY).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next