Accenture beats by $0.09, beats on revs; raises FY18 guidance
- Reports Q2 (Feb) earnings of $1.58 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $1.49; revenues rose 15.2% year/year to $9.59 bln vs the $9.31 bln Capital IQ Consensus.
- New bookings are $10.3 billion, with consulting bookings of $5.7 billion and outsourcing bookings of $4.6 billion
- Co issues raised guidancefor FY18, sees EPS of $6.61-6.70 from $6.48-6.66, excluding non-recurring items, vs. $6.68 Capital IQ Consensus Estimate; sees FY18 revs of +7-9% from +6-8% to ~$37.3-38.0 bln vs. $38.39 bln Capital IQ Consensus Estimate.
- FY18 Guidance: Accenture's business outlook for the full 2018 fiscal year now assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 4.0 percent compared with fiscal 2017; the previous foreign-exchange assumption was positive 2.5 percent. Accenture now expects operating margin for the full fiscal year to be 14.8 percent, consistent with the adjusted operating margin for fiscal 2017; the company previously expected operating margin to expand 10 to 30 basis points on an adjusted basis. For fiscal 2018, the company now expects operating cash flow to be in the range of $5.2 billion to $5.5 billion, compared with $5.0 billion to $5.3 billion previously; continues to expect property and equipment additions to be $600 million; and now expects free cash flow to be in the range of $4.6 billion to $4.9 billion, compared with $4.4 billion to $4.7 billion previously.
No comments:
Post a Comment