Accenture (ACN) Misses Q4 EPS by 3c, Offers Q1 and FY Guidance

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Accenture Reports Fourth-Quarter and Full-Year Fiscal 2020 Results In Line With Expectations

September 24, 2020 6:44 AM EDT

-- For the fourth quarter, revenues are $10.8 billion, a decrease of 2% in U.S. dollars and 1% in local currency, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs --

-- Fourth-quarter GAAP EPS are $1.99, a 14% increase from fiscal 2019, including $0.29 of gains on an investment; excluding these gains, EPS are $1.70, a 2% decline from fiscal 2019 --

-- For full fiscal year, revenues are $44.3 billion, an increase of 3% in U.S. dollars and 4% in local currency, including a reduction of approximately 1 percentage point from a... More