Accenture (NYSE: ACN) reported Q1 EPS of $2.09, $0.09 better than the analyst estimate of $2.00. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.14 billion.

GUIDANCE:

Accenture sees Q2 2020 revenue of $10.85-11.15 billion.

• Accenture expects revenues for the second quarter of fiscal 2020 to be in the range of $10.85 billion to $11.15 billion, 5 percent to 8 percent growth in local currency, reflecting the company’s assumption of a negative 1 percent foreign-exchange impact compared with the second quarter of fiscal 2019.

Accenture sees FY2020 EPS of $7.66-$7.84, versus the consensus of $7.82.

• Accenture’s business outlook for the full 2020 fiscal year continues to assume that the foreign-exchange impact on its results in U.S. dollars will be negative 1 percent compared with fiscal 2019.
• For fiscal 2020, the company now expects revenue growth to be in the range of 6 percent to 8 percent in local currency, compared with 5 percent to 8 percent previously.
• Accenture continues to expect operating margin for the full fiscal year to be in the range of 14.7 percent to 14.9 percent, an expansion of 10 to 30 basis points from fiscal 2019.
• The company continues to expect its annual effective tax rate to be in the range of 23.5 percent to 25.5 percent.
• The company now expects diluted EPS to be in the range of $7.66 to $7.84, compared with $7.62 to $7.84 previously.
• For fiscal 2020, the company continues to expect operating cash flow to be in the range of $6.35 billion to $6.75 billion; property and equipment additions to be $650 million; and free cash flow to be in the range of $5.7 billion to $6.1 billion.

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