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Thursday, 03/24/2022 10:56:37 PM

Thursday, March 24, 2022 10:56:37 PM

Post# of 29
>>> Accenture Boosts Revenue Forecast. The Stock Is Rising.


By Joe Woelfel

March 17, 2022

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.


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