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published in Blogs
Dec 18, 2021
Accenture (ACN, $396.36) beats fiscal Q1 earnings expectations

Accenture (ACN, $396.36) beats fiscal Q1 earnings expectations

Accenture posted its fiscal first-quarter earnings and revenue that exceeded analysts’ expectations. The company boosted its full-year fiscal 2022 guidance.

The IT services company’s adjusted earnings for the quarter ended Nov. 30 climbed +20% from the year-ago quarter to $2.78, compared to analysts’ estimate of $2.64 a share.

Including acquisitions, Accenture revenue increased +27% year-over-year to $14.97 billion, higher than analysts’ estimates of $14.22 billion.

For its fiscal second quarter, Accenture expects revenue in the range of $14.30 billion to $14.75 billion. Analysts had expected $14.12 billion.

Looking further ahead, the company projects full-year revenue in the range of 19% to 22% growth, up from prior forecast of 12% to 15% growth. It also boosted its earnings expectation to a range of $10.32 to $10.60, up from previous expectation of $9.90 to $10.18.

 

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