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Accenture quarterly earnings beat estimates

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Accenture quarterly earnings beat estimates

Accenture PLC booked fiscal first-quarter earnings that exceeded analysts' expectations as revenues rose 7% year over year in U.S. dollars.

Net income attributable to the Ireland-based consulting firm stood at $1.27 billion, or $1.96 per share, in the quarter ended Nov. 30, up from $1.12 billion, or $1.79 per share, in the same period last year.

The S&P Global Market Intelligence first-quarter normalized EPS estimate was $1.85.

Revenues totaled $10.61 billion during the quarter, up from $9.88 billion in the prior-year period. Consulting revenues rose to $5.97 billion from $5.54 billion, and outsourcing revenues were $4.64 billion, up from $4.34 billion.

New bookings came in at $10.2 billion in the first quarter, which reflects a foreign-currency effect of 2% compared with the year-ago period, the company said.

Operating income increased to $1.63 billion from $1.50 billion.

The company narrowed its full-year fiscal 2019 EPS outlook to $7.01 to $7.25 from the previous guidance of $6.98 to $7.25.