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Accenture Plc (NYSE:ACN) reported fourth-quarter earnings of $1.74 per share Thursday, beating the analyst consensus estimate of $1.71 by 1.75%.
This is a 10.13% increase over earnings of $1.58 per share from the same period last year.
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The company reported quarterly sales of $11.056 billion, missing the analyst consensus estimate of $11.08 billion.
Accenture sees fiscal year 2020 EPS at $7.62-$7.84 versus a $7.96 Street estimate, and operating cash flow $6.35 billion-$6.75 billion.
"For the year, our record new bookings of $45.5 billion and revenue growth of 8.5% in local currency demonstrate excellent demand for our services, and we gained significant market share," CEO Julie Sweet said in a statement.
"We also delivered very strong profitability and returned a record $4.6 billion in cash to our shareholders, while continuing to invest across the business. As we look ahead to fiscal 2020, we will continue to be laser-focused on creating value for our clients, being a magnet for the best people in the industry and maximizing shareholder value."
Accenture shares were trading down 1.5% at $188 in Thursday’s premarket session. The stock has a 52-week high of $202.80 and a 52-week low of $132.63.
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Photo by JiriMatejicek via Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.