Accenture (ACN) reported earnings on Thur 17 Dec 15 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Accenture misses by $0.04, beats on revs; guides Q2 revs in-line; reaffirms FY16 EPS guidance :

• Reports Q1 (Nov) earnings of $1.28 per share, including $0.07 negative impact from a higher tax rate of 29% in the quarter, $0.04 worse than the Capital IQ Consensus of $1.32; revenues rose 1.4% year/year to $8.01 bln vs the $7.92 bln Capital IQ Consensus.  The foreign-exchange impact for the quarter was approximately negative 8.5 percent, consistent with the assumption provided in the company's fourth-quarter earnings release. 
• Co issues in-line guidance for Q2, sees Q2 revs of $7.50-7.75 bln vs. $7.73 bln Capital IQ Consensus Estimate. 
• Co reaffirms guidance for FY16, sees EPS of $5.09-5.24 vs. $5.21 Capital IQ Consensus Estimate. Accenture continues to expect operating margin for the full fiscal year to be in the range of 14.6 percent to 14.8 percent, an expansion of 10 to 30 basis points from the adjusted operating margin of 14.5 percent in fiscal 2015.
• New bookings for the first quarter were $7.7 billion and reflect a negative 8 percent foreign-currency impact compared with new bookings in the first quarter last year.