Accenture (NYSE: ACN) reported Q4 EPS of $1.48, $0.02 better than the analyst estimate of $1.46. Revenue for the quarter came in at $9.1 billion versus the consensus estimate of $8.99 billion.

Business Outlook

First Quarter Fiscal 2018

Accenture expects net revenues for the first quarter of fiscal 2018 to be in the range of $9.10 billion to $9.35 billion, 5 percent to 8 percent growth in local currency, reflecting the company’s assumption of a positive 2 percent foreign-exchange impact compared with the first quarter of fiscal 2017.

Fiscal Year 2018

Accenture’s business outlook for the full 2018 fiscal year assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 3 percent compared with fiscal 2017.

For fiscal 2018, the company expects net revenue growth to be in the range of 5 percent to 8 percent in local currency. The company expects GAAP diluted EPS to be in the range of $6.36 to $6.60.

Accenture expects operating margin for the full fiscal year to be in the range of 14.9 percent to 15.1 percent, an expansion of 10 to 30 basis points from adjusted operating margin for fiscal 2017.

For fiscal 2018, the company expects operating cash flow to be in the range of $5.0 billion to $5.3 billion; property and equipment additions to be $600 million; and free cash flow to be in the range of $4.4 billion to $4.7 billion.

The company expects its annual effective tax rate to be in the range of 23 percent to 25 percent.

GUIDANCE:

Accenture sees FY2018 EPS of $6.36-$6.60, versus the consensus of $6.50.

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