trending Market Intelligence /marketintelligence/en/news-insights/trending/EjD55xqb2aXjeLCkKDyhcw2 content esgSubNav
In This List

Accenture profit misses consensus by 21.1% in fiscal Q2

Blog

Sitting on the fence: Which way will the solar panel industry turn?

Blog

Investment Banking Essentials: May 29

Blog

Managed Services Insights: The client lifecycle management solution

Blog

The Private Equity and Venture Capital Deal Landscape: Q1 2024


Accenture profit misses consensus by 21.1% in fiscal Q2

Accenture plc said its normalized net income for the fiscal second quarter ended Feb. 28 came to 85 cents per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS climbed 8.3% year over year from 78 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $575.6 million, a gain of 6.0% from $542.8 million in the year-earlier period.

The normalized profit margin climbed to 7.7% from 7.6% in the year-earlier period.

Total revenue grew 5.1% on an annual basis to $7.49 billion from $7.13 billion, and total operating expenses rose year over year to $6.47 billion from $6.18 billion.

Reported net income grew year over year to $731.8 million, or $1.08 per share, from $714.1 million, or $1.03 per share.