Before the opening bell on Thursday, Accenture (ACN ) reported higher results for the second quarter, which came in above analysts’ views.
ACN's Earnings in Brief
- ACN reported net income of $690.73 million, or $1.08 per share, up from $671.30 million, or $1.03 per share, last year.
- Revenue came in at $7.49 million from $7.13 million.
- On average, analysts expected to see EPS of $1.07 and $7.38 billion in revenue.
- Looking ahead, ACN expects to see adjusted FY2015 EPS between $4.66 and $4.76. Previously, the company expected to see EPS between $4.66 and $4.80. Wall Street analysts are expecting to see EPS of $4.75.
CEO Commentary
Pierre Nanterme, Accenture’s chairman and CEO commented: “We are extremely pleased with our very strong financial results for the second quarter and first half of fiscal 2015. Our revenue growth of 12 percent in the second quarter was again broad-based across the different dimensions of our business, and we gained significant market share. We delivered excellent new bookings of $9.4 billion, demonstrating that our services continue to be highly relevant to our clients. Based on our continued momentum and very strong performance in the first half, we are raising our business outlook for revenues for the full fiscal year."
ACN's Dividend
Accenture declared its next semi-annual dividend of $1.02 per share. The dividend will be paid on May 15 to shareholders on record as of April 7.
Stock Performance
Shares of ACN were up $2.79, or 3.16% during premarket trading Thursday. The stock is down 1.23% YTD.
The Bottom Line
Accenture (ACN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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