Accenture revenue beats as bets on digital, cloud pay off – Reuters
(Reuters) – Accenture Plc (ACN.N) reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses.
Dublin, Ireland-domiciled company’s revenue from “the New” â which includes digital, cloud and security-related services – grew about 30 percent to $18 billion for the year ended August 31.
Accenture had chalked out $1.8 billion for acquisitions in digital, cloud and security-related services in the fiscal year.
Accenture said it expects current-quarter revenue to be between $9.10 billion and $9.35 billion. Analysts on average were expecting revenue of $9.13 billion, according to Thomson Reuters I/B/E/S.
Net income for diluted earnings per share fell to $974.2 million, or $1.48 per share, in the fourth quarter ended August 31, from $1.12 billion, or $1.68 per share, a year earlier.
Analysts on an average were expecting $1.47 per share, according to Thomson Reuters I/B/E/S.
The company’s net revenue rose 7.8 percent to $9.15 billion, beating estimates of $9.01 billion.
Accenture’s shares fell 1.3 percent to $134.84 in premarket trading on Thursday.
Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur