Categories AlphaGraphs, Earnings, Technology

Accenture tops Q1 estimates; updates full-year outlook

Accenture (ACN) topped market estimates on both revenue and earnings for the first quarter of 2019 and updated its guidance for the full fiscal year. Shares were up 2% during premarket hours on Thursday.

Accenture first quarter 2019 earnings infographic
Accenture Q1 2019 Earnings Infographic

Total revenues were $10.6 billion, up 7% in US dollars and 9.5% in local currency, compared to the same period last year. Consulting revenues grew 8% in US dollars and 10% in local currency while Outsourcing revenues rose 7% in US dollars and 9% in local currency.

Net income grew 9% to $1.29 billion, or $1.96 per share, versus the prior-year quarter, helped by higher revenue and operating results.

New bookings for the quarter were $10.2 billion, reflecting a negative 2% foreign currency impact compared to the prior-year period.

Accenture posted revenue increases across all its operating groups, except Financial Services, which saw a decline of 1% in US dollars. The company saw broad-based revenue growth across all its geographic regions during the quarter.

In November, Accenture paid a semi-annual cash dividend of $1.46 per share, which totaled $933 million and represented a 10% increase over the previous semi-annual dividend declared in March.

Accenture earnings preview: Wall St sees broad-based growth in Q1

For the second quarter of 2019, Accenture expects revenues to come in the range of $10.10 billion to $10.40 billion, reflecting a growth of 6-9% in local currency and the assumption of a negative 4% foreign exchange impact versus the same period last year.

Accenture updated its outlook for the full fiscal year of 2019 based on the assumption of a negative 3% foreign-exchange impact on its results in US dollars versus the previous assumption of negative 2.5%. The company expects revenues to grow 6-8% in local currency versus the previous range of 5-8%. Diluted EPS is expected to be $7.01 to $7.25 versus the prior range of $6.98 to $7.25.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top