Accenture (ACN) Tops Q3 EPS by $0.05; Trims FY14 EPS Outlook

(Updated - June 26, 2014 7:16 AM EDT)

(Updated - June 26, 2014 7:09 AM EDT)

Accenture (NYSE: ACN) reported Q3 EPS of $1.26, versus the analyst estimate of $1.21. Revenue for the quarter came in at $7.74 million versus the consensus estimate of $7.55 million.

New bookings for the quarter were $8.8 billion, with consulting bookings of $4.3 billion and outsourcing bookings of $4.5 billion.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are very pleased with our third-quarter financial results. We delivered strong revenue growth, which was broad-based across the different dimensions of our business, and earnings per share of $1.26, up 11 percent. New bookings of $8.8 billion bring us to $27.6 billion for the first three quarters of the year, and demonstrate that our services continue to be highly relevant to our clients. We generated solid free cash flow and returned $1.1 billion in cash to our shareholders."

Accenture sees Q4 2014 revenue of $7.45-7.70 billion, versus the consensus of $7.56 billion.

Accenture sees FY2014 EPS of $4.50-$4.54, versus prior guidance of $4.5-$4.62 and the consensus of $4.53.

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

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