Accenture (ACN) Misses Q4 EPS by 2c; Issues Light FY15 EPS Outlook
Accenture (NYSE: ACN) reported Q4 EPS of $1.08, $0.02 worse than the analyst estimate of $1.10. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.62 billion.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We are very pleased with our financial results for both the fourth quarter and the full fiscal year 2014. Our very strong revenue growth of 8 percent for the fourth quarter was broad-based across the dimensions of our business, and on top of our strong revenue growth in the third quarter, enabled us to deliver an excellent second half of the year. For the full fiscal year, we again increased market share and delivered record new bookings, grew EPS faster than revenues, generated strong free cash flow, and returned $3.8 billion in cash to our shareholders.
“Our growth strategy is clearly resonating with the needs of our clients, which are the world’s leading companies. We are investing to further strengthen our industry expertise as well as to differentiate our capabilities—including in strategy, digital, technology, and operations. We have momentum in our business, and I am confident in our ability to continue driving sustainable, profitable growth and delivering value for our shareholders.”
Accenture expects net revenues for the first quarter of fiscal 2015 to be in the range of $7.55 billion to $7.80 billion, which assumes a foreign-exchange impact of negative 2 percent compared with the first quarter of fiscal 2014. Consensus estimates call for Q1 revenue of $7.8 billion.
Accenture sees FY2015 EPS of $4.74 - $4.88, versus the consensus of $4.91. The company expects FY15 net revenue growth of 4% to 7% in local currency.
For earnings history and earnings-related data on Accenture (ACN) click here.
