ACN News

Stocks

ACN News

Headlines

Headlines

Accenture Beats Estimates, Raises Fiscal 2025 EPS Outlook

Accenture plc reports higher second-quarter results, exceeding estimates with expected revenue growth. The company's updated forecast for fiscal 2025 reflects a positive outlook for investors.

Date: 
AI Rating:   8
Earnings Per Share (EPS)
Accenture has projected its earnings per share for fiscal 2025 to be in the range of $12.55 to $12.79, representing a growth of 10 percent to 12 percent on a reported basis and 5 percent to 7 percent on an adjusted basis. This is an increase from previous expectations of $12.43 to $12.79 per share which indicated a growth of 9 percent to 12 percent. Analysts had anticipated earnings of $12.72 per share for the year. This increase in EPS demonstrates the company's stronger financial performance, instilling confidence among investors.

Revenue Growth
For the third quarter, Accenture anticipates revenue in the range of $16.9 billion to $17.5 billion, signifying a growth of 3 percent to 7 percent compared to the previous year. This is more optimistic compared to Wall Street's average expectation of $17.22 billion. Furthermore, the company has narrowed its full-year revenue growth guidance to 5 percent to 7 percent in local currency, an improvement from the previous projection of 4 percent to 7 percent. The revenue for the second quarter was reported at $16.659 billion, reflecting a year-over-year increase of 5.4 percent. This growth also surpasses analysts' expectations of $16.61 billion, highlighting the company's robust operational performance in the competitive landscape.

With both EPS and revenue growth figures showing positive trends, Accenture's stock may experience favorable movements as investors react to the revised forecasts and strong quarterly results.