Accenture 4Q Profit Rises, Revenue Falls
24 Septiembre 2020 - 6:38AM
Noticias Dow Jones
By Dave Sebastian
Accenture PLC said it booked some investment gains for the
August quarter, boosting profit, though consulting revenue fell
while the company faces uncertainty amid the Covid-19 pandemic.
Accenture on Thursday posted fourth-quarter net income of $1.29
billion, or $1.99 a share, compared with $1.13 billion, or $1.74 a
share, in the year-ago period. Analysts polled by FactSet were
expecting $1.73 a share.
The company said it took gains of 29 cents a share on
investment. Excluding those gains, adjusted earnings were $1.70 a
share, down 2% from the year-ago period.
Revenue fell 2% to $10.84 billion, in line with company
expectations. Analysts were expecting $10.93 billion. The company
said revenue fell 1% on a local currency basis from a decline in
revenue from reimbursable travel costs. Consulting revenue fell 8%,
while outsourcing revenue rose 6%.
The company said it sees fiscal 2021 revenue growth of about 2%
to 5% in local currency, including a reduction of about one
percentage point from a decline in reimbursable travel costs, on
earnings of $7.80 a share to $8.10 a share. Accenture expects 2021
operating cash flow of $6.35 billion to $6.85 billion; property and
equipment additions of $650 million; and free cash flow of $5.7
billion to $6.2 billion.
It expects revenue of $11.15 billion to $11.55 billion for the
current quarter, about flat to down 3% in local currency. That
includes a reduction of about two percentage points from a decline
in revenue from reimbursable travel costs, it said. The company
assumes a 1.5% positive foreign-exchange effect compared with the
same quarter last year.
Accenture has also declared a quarterly cash dividend of 88
cents a share for shareholders of record at the close of business
on Oct. 13. That dividend, payable Nov. 13, reflects a 10%
increase, the company said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 24, 2020 07:23 ET (11:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Accenture (NYSE:ACN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Accenture (NYSE:ACN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024