European Stocks

[gfp927z]

>>> Accenture Boosts Revenue Forecast. The Stock Is Rising.


Barron's

By Joe Woelfel

March 17, 2022


https://www.barrons.com/articles/accenture-acn-stock-earnings-revenue-forecast-51647506664?siteid=yhoof2


Accenture shares were rising in premarket trading Thursday after the management consulting company reported fiscal second-quarter earnings that beat Wall Street forecasts and boosted its fiscal-year revenue outlook.

Accenture (ticker: ACN) stock was up 5% to $340.99.

Accenture reported second-quarter earnings of $2.54 a share on revenue of $15.05 billion.

Analysts surveyed by FactSet expected Accenture to report fiscal second-quarter earnings of $2.37 a share on revenue of $14.65 billion. A year earlier, Accenture earned $2.23 a share on revenue of $12.09 billion.

New bookings in the second quarter were a record $19.6 billion.

The company said it expects fiscal-year revenue to rise 24% to 26%, higher than its previous forecast of up 19% to 22%. It expects earnings of $10.61 to $10.81 a share, an increase of 21% to 23% from adjusted profit in fiscal 2021 of $8.80; Accenture previously expected fiscal 2022 earnings of between $10.32 to $10.60.

<<<