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Accenture (ACN) Tops Q2 EPS by 1c; Issues Mixed Outlook

March 26, 2015 7:04 AM

Accenture (NYSE: ACN) reported Q2 EPS of $1.08, $0.01 better than the analyst estimate of $1.07. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.38 billion.

New bookings for the quarter were $9.4 billion, with consulting bookings of $4.2 billion and outsourcing bookings of $5.1 billion.

Accenture sees Q3 2015 revenue of $7.36 - $7.6 billion, versus the consensus of $7.63 billion.

Accenture sees FY2015 EPS of $4.66 - $4.76, versus the consensus of $4.75.

Accenture’s business outlook for the full 2015 fiscal year now assumes a foreign-exchange impact of negative 8 percent compared with fiscal 2014; the previous foreign-exchange assumption was negative 5 percent.

For fiscal 2015, the company has raised its outlook for net revenue growth in local currency to be in the range of 8 percent to 10 percent, compared with 5 percent to 8 percent previously.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are extremely pleased with our very strong financial results for the second quarter and first half of fiscal 2015. Our revenue growth of 12 percent in the second quarter was again broad-based across the different dimensions of our business, and we gained significant market share. We delivered excellent new bookings of $9.4 billion, demonstrating that our services continue to be highly relevant to our clients. Based on our continued momentum and very strong performance in the first half, we are raising our business outlook for revenues for the full fiscal year.

“Our growth strategy and the focused investments we have made across our business are clearly differentiating Accenture in the marketplace—particularly in digital, where we delivered revenue growth of more than 20 percent in local currency in the first half of the fiscal year. We continue to invest to further differentiate our capabilities and to enhance our competitiveness. We remain confident in our ability to continue driving sustainable, profitable growth and delivering value for our clients and shareholders.”

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

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