Earnings: Accenture Q2 results beat estimates

Accenture (NYSE: ACN) reported its second-quarter fiscal 2019 financial results before the opening bell on Thursday, March 28, 2019.

Revenue for the quarter rose by 5% year-over-year to $10.5 billion. Earnings grew to $1.73 per share — compared to $1.37 a share last year, including a $0.21 charge.

Accenture earned an adjusted profit of $1.73 per share, up 9%. Operating income jumped 7% to $1.39 billion.

New bookings for the quarter were $11.8 billion, with consulting bookings of $6.7 billion and outsourcing bookings of $5.1 billion.

According to Zacks, analysts expected second-quarter revenue of about $10.3 billion and adjusted earnings of $1.57 per share.

Accenture announces Q3 and FY19 Outlook

For the third quarter of fiscal 2019, Accenture expects revenues to be in the range of $10.80 billion to $11.10 billion.

For the fiscal year, Accenture now expects revenue to grow by 6.5-8.5% in local currency.

Hear the Accenture Q2 Earnings Call on YouTube now!

The company now expects diluted earnings to be $7.18-7.32 per share, with an operating margin of 14.5-14.7%.

For fiscal 2019, Accenture now sees operating cash flow to be in the range of $5.85 billion to $6.25 billion, with $650 million in property and equipment additions and free cash flow of $5.2-5.6 billion.

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