Accenture Earnings: Investors Cheer Shares Up
Accenture plc (NYSE:ACN) reported its results for the fourth quarter. Accenture is a global management consulting, technology services, and outsourcing company.
Investing Insights: Will New Apple Products Continue to PUMP UP Shares?
Accenture plc Earnings Cheat Sheet
Results: Net income for Accenture plc fell to $578.3 million (88 cents per share) vs. $611.9 million (91 cents per share) a year earlier. This is a decline of 5.5% from the year-earlier quarter.
Revenue: Rose 1.6% to $7.29 billion from the year-earlier quarter.
Quoting Management: Pierre Nanterme, Accenture’s chief executive officer, said, “We are very pleased with our financial results for fiscal 2012, which met or exceeded our business outlook for the year. Our revenue growth was strong and broad-based across the different dimensions of our business, and we increased EPS by 13 percent. Our balance sheet remains very strong, with a cash balance of $6.6 billion. We also achieved record new bookings of $9.2 billion for the fourth quarter, bringing us to $32.2 billion for the year, our highest ever. With our diverse portfolio of business, our industry and technology expertise, and the focused execution of our growth strategy, we are very well-positioned to continue gaining market share and delivering value to our clients and shareholders.”
Last quarter’s profit decrease breaks a streak of four consecutive quarters of year-over-year profit increases. In the third quarter, net income rose 9.7% from the year earlier, while the figure increased 28% in the second quarter, 20.1% in the first quarter and 37.4% in the fourth quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 6.1% to $7.64 billion in the third quarter. The figure rose 11.8% in the second quarter from the year earlier and climbed 17.1% in the first quarter from the year-ago quarter.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: