Accenture (NYSE: ACN) reported Q4 EPS of $1.70, $0.03 worse than the analyst estimate of $1.73. Revenue for the quarter came in at $10.8 billion versus the consensus estimate of $10.9 billion.

GUIDANCE:

Accenture sees Q1 2021 revenue of $11-11.55 billion, versus the consensus of $11.52 billion.

• Accenture expects revenues for the first quarter of fiscal 2021 to be in the range of $11.15 billion to $11.55 billion, a decrease of 3% to flat in local currency, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs. The company is assuming a positive 1.5% foreign-exchange impact compared with the first quarter of fiscal 2020.

Accenture sees FY2021 EPS of $7.80-$8.10, versus the consensus of $8.13.

• Accenture’s business outlook for the full 2021 fiscal year assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 2% compared with fiscal 2020.
• For fiscal 2021, the company expects revenue growth to be in the range of 2% to 5% in local currency, including a reduction of approximately 1 percentage point from a decline in revenues from reimbursable travel costs.
• Accenture expects operating margin for the full fiscal year to be in the range of 14.8% to 15.0%, an expansion of 10 to 30 basis points from fiscal 2020.
• The company expects its annual effective tax rate to be in the range of 23.0% to 25.0%.
• The company expects diluted EPS to be in the range of $7.80 to $8.10, an increase of 5% to 9% over adjusted FY20 diluted EPS.
• For fiscal 2021, the company expects operating cash flow to be in the range of $6.35 billion to $6.85 billion; property and equipment additions to be $650 million; and free cash flow to be in the range of $5.7 billion to $6.2 billion.

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