Accenture (ACN) Tops Q3 EPS by 5c, Offers Q4 and FY Guidance

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Accenture Reports Third-Quarter Fiscal 2020 Results In Line With Expectations

June 25, 2020 6:44 AM EDT

-- Revenues are $11.0 billion, a 1% decrease in U.S. dollars and a 1.3% increase in local currency, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs --

-- EPS are $1.90, compared with $1.93 for the third quarter last year --

-- Operating income is $1.71 billion, with operating margin of 15.6%, an expansion of 10 basis points --

-- New bookings are $11.0 billion, an increase of 4% in U.S. dollars and 6% in local currency, with consulting bookings of $6.2 billion and outsourcing bookings of $4.8... More