Market Overview

UPDATE: Accenture Posts Upbeat Q1 Results

Related ACN
San Francisco Selects Accenture to Implement New Financial Management System
TransCelerate BioPharma Awards Accenture New Clinical Data Sharing Services Contract
Ireland's Market Outpaces Europe As Economy Recovers (Investor's Business Daily)

Accenture Plc (NYSE: ACN) reported better-than-expected first-quarter results.

Accenture expects current-quarter revenue of $6.95 billion to $7.25 billion, versus analysts' estimates of $7.28 billion. However, it lifted its earnings outlook for the year to $4.42 to $4.54 per share.

Accenture's quarterly net income jumped to $811.6 million, or $1.15 per share, versus $766 million, or $1.06 per share.

Its revenue gained to $7.36 billion from $7.22 billion, while outsourcing revenue rose 5% to $3.42 billion. However, analysts were projecting earnings of $1.09 per share on revenue of $7.25 billion.

Accenture's income from the consulting business dropped 1% to $3.94 billion.

Accenture shares rose 3.91% to $78.58 in pre-market trading.

Posted-In: profitEarnings News Guidance


Related Articles (ACN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters