Accenture Announced Better-than-Expected Fourth-Quarter Financial Results

Published on: 29 Sep, 2017

On Thursday, Accenture Plc (NYSE: ACN), the consulting and outsourcing giant, announced its financial results for the fourth quarter. The strong results surpassed analysts’ estimates.

According to the company, for the fourth quarter, revenue of the company increased 8% in both U.S. dollars and local currency, to $9.15 billion, beating analysts’ expectation of $9.01 billion. Net income for diluted earnings per share dropped from $1.12 billion, or $1.68 per share for the same period last year to $974.2 million, or $1.48 per share for the fourth quarter. The result also surpassed estimates of $1.47 per share.

In the statement, the company also reported financial results for the full fiscal year 2017. Revenue rose 6% in U.S. dollars and increased 7% in local currency to $34.9 billion, and GAAP EPS was $$5.44 include a $0.47 pension settlement charge.

“We are pleased with our excellent financial results for both the fourth quarter and the full fiscal year 2017. For the year, we again delivered profitable growth, with broad-based revenue growth of 7 percent in local currency, EPS growth of 11 percent on an adjusted basis and very strong free cash flow,” Pierre Nanterme, Accenture’s chairman and CEO, said in the statement on Thursday.

“With our focused investments and disciplined management of the business, we are confident in our ability to continue delivering value for our clients and shareholders,” he said.

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