=Accenture (ACN) reported earnings on Thur 24 March 2016 (b/o)

Accenture beats by $0.16, beats on revs; guides FY16 EPS above consensus, revs above consensus :

• Reports Q2 (Feb) earnings of $1.34 per share, excluding non-recurring items, $0.16 better thanthe Capital IQ Consensus of $1.18; revenues rose 6.0% year/year to $7.95 bln vs the $7.72 bln Capital IQ Consensus. New bookings for the second quarter were $9.5 billion and reflect a negative 6 percent foreign-currency impact compared with new bookings in the second quarter last year.
• Co issues upside guidance for FY16, sees EPS of 5.21-5.32 vs. $5.21 Capital IQ Consensus Estimate; sees FY16 revs of 8-10% to ~$33.5-34.1 bln vs. $32.23 bln Capital IQ Consensus Estimate. 
• Q3 guidance is reflecting the company's assumption of a negative 2.5 percent foreign-exchange impact compared with the third quarter of fiscal 2015. Accenture now expects operating margin for the full fiscal year to be in the range of 14.6 percent to 14.7 percent, an expansion of 10 to 20 basis points from the adjusted operating margin of 14.5 percent in fiscal 2015. The company previously expected operating margin to be in the range of 14.6 percent to 14.8 percent. For fiscal 2016, the company continues to expect operating cash flow to be in the range of $4.1 billion to $4.4 billion; property and equipment additions to be $500 million; and free cash flow to be in the range of $3.6 billion to $3.9 billion.