Accenture Earnings: Here’s Why the Stock is Down Now
Accenture plc (NYSE:ACN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.46 percent.
Accenture plc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.77 percent to $1.01 in the quarter versus EPS of $0.88 in the year-earlier quarter.
Revenue: Net revenue a year ago was $6.84 billion. Quarterly net revenue increased 4 percent from a year ago.
Actual vs. Wall St. Expectations: Accenture plc reported adjusted EPS income of $1.01 per share. By that measure, the company met the mean analyst estimate of $1.01. It beat the average revenue estimate of $6.9 billion.
Quoting Management: Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our financial results for the fourth quarter and full-year fiscal 2013. Quarterly revenues were above our guided range, and we are particularly pleased with double-digit revenue growth in our Health & Public Service operating group, as well as improved performance in both Resources and Communications, Media & Technology. For the full fiscal year we once again increased market share, delivered record new bookings, achieved double-digit EPS growth, expanded operating margin and generated strong free cash flow. These results demonstrate our continued ability to manage our business with discipline while driving a strong return to our shareholders in a volatile and fast-changing market environment.