Accenture (ACN) Reports In-Line Q3 EPS; Boosts FY16 EPS Outlook

Accenture (NYSE: ACN) reported Q3 EPS of $1.41, in-line with the analyst estimate of $1.41. Revenue for the quarter came in at $8.43 billion versus the consensus estimate of $8.34 billion.

New bookings for the third quarter were $9.1 billion and reflect a negative 2 percent foreign-currency impact compared with new bookings in the third quarter last year.

• Consulting new bookings were $4.9 billion, or 54 percent of total new bookings.
• Outsourcing new bookings were $4.2 billion, or 46 percent of total new bookings.

GUIDANCE:

Accenture sees Q4 2016 revenue of $8.25-8.50 million, versus the consensus of $8.39.

Accenture sees FY2016 EPS of $5.29-$5.33, versus prior guidance of $5.21-$5.32 and the consensus of $5.32.

Accenture’s business outlook for the full 2016 fiscal year now assumes a foreign-exchange impact of negative 4.5 percent compared with fiscal 2015; the previous foreign-exchange assumption was negative 5 percent.

For fiscal 2016, the company now expects net revenue growth to be in the range of 9.5 percent to 10.5 percent in local currency, compared with 8 percent to 10 percent previously.

For earnings history and earnings-related data on Accenture (ACN) click here.

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