Accenture PLC (
) posted better-than-expected results for the fiscal fourth quarter
on Thursday, as the company's strong bookings showed demand for its
The management consulting, technology services and outsourcing
company reported fourth-quarter earnings of $714 million or 66
cents per share, up from $420 million or 39 cents per share earned
during the same quarter last year.
Revenue for the company rose 5 percent to $5.42 billion in the
three month period ended August 31 from $5.15 billion last year.
On average, analysts had been looking for earnings of 63 cents per
share from Accenture in the quarter on revenue of $5.31 billion.
"We're very pleased with our financial results, with our strong
fourth-quarter performance demonstrating further evidence of our
growth and momentum," William D. Green, Accenture's chairman and
chief executive officer, said. "We managed our business well and
accelerated actions to grow revenue and expand operating margin.
And our strong bookings - including consulting bookings of more
than $3.5 billion - show increasing demand for our services. We
generated significant free cash flow, and our balance sheet remains
Looking forward, Accenture sees first-quarter sales of $5.6 billion
to $5.8 billion, compared to the Street's view of $5.62 billion.
For the full-year 2011, the company sees earnings in the range of
$3.00 to $3.08 per share, an increase from the guidance range of
12-15% give in the past. The consensus is $2.92.
The company also raised its semi-annual dividend to 45 cents.
Shares of Accenture are up 2.35 percent to $43.49 in aftermarket
movement on Thursday.