Accenture (ACN) Tops Q1 EPS by 9c; Trims Outlook

Accenture (NYSE: ACN) reported Q1 EPS of $1.58, $0.09 better than the analyst estimate of $1.49. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.59 billion.

GUIDANCE:

Accenture sees FY2017 EPS of $5.64-$5.87, versus prior guidance of $5.75-$5.98 and the consensus of $5.92.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our strong financial results for the first quarter. We delivered 7 percent revenue growth in local currency, which was broad-based across the dimensions of our business. We significantly expanded operating margin, delivered very strong earnings per share and free cash flow, and returned nearly $1.4 billion in cash to our shareholders.

“We continue to make significant investments in new and high-growth areas across Accenture – especially digital, cloud and security services, which together now account for more than 40 percent of total revenues and again grew at a very strong double-digit rate in the quarter. With the differentiated, high-value capabilities we are building, we remain confident in our ability to continue driving profitable growth, gaining market share and delivering value for our clients and shareholders.”

For earnings history and earnings-related data on Accenture (ACN) click here.

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