Accenture: earnings rise with digital, cloud and security
(CercleFinance.com) - Technology outsourcing and consulting firm Accenture has said that its quarterly profit has risen sharply, boosted by high-growth businesses, such as digital, cloud and security services.
Accenture said on Thursday that profit for its fiscal fourth quarter, ended August, increased to 1.05 billion dollars, or 1.61 dollar a share, from 983 million dollars, or 1.51 dollar a share, the previous year.
Quarterly net revenue rose to 10.1 billion dollars from 9.1 billion, above the company's guidance of 9.80-10.05 billion dollars.
Consulting revenues were up 12%, while outsourcing revenues jumped by 9%.
For fiscal 2019, which started earlier this month, the company said it expects revenue growth to be in the range of 5%-to-8% in local currency.
Last but not least, Accenture plans to pay an interim cash dividend of 1.46 dollar per share, up 10% over the previous dividend announced in March. In addition, the IT group approved additional share buybacks amounting to 5 billion dollars.
After all these announcements, Accenture shares were down 1.4% in pre-market trading on Thursday. Yesterday they closed up 0.1% at 173 dollars on the New York Stock Exchange.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Accenture said on Thursday that profit for its fiscal fourth quarter, ended August, increased to 1.05 billion dollars, or 1.61 dollar a share, from 983 million dollars, or 1.51 dollar a share, the previous year.
Quarterly net revenue rose to 10.1 billion dollars from 9.1 billion, above the company's guidance of 9.80-10.05 billion dollars.
Consulting revenues were up 12%, while outsourcing revenues jumped by 9%.
For fiscal 2019, which started earlier this month, the company said it expects revenue growth to be in the range of 5%-to-8% in local currency.
Last but not least, Accenture plans to pay an interim cash dividend of 1.46 dollar per share, up 10% over the previous dividend announced in March. In addition, the IT group approved additional share buybacks amounting to 5 billion dollars.
After all these announcements, Accenture shares were down 1.4% in pre-market trading on Thursday. Yesterday they closed up 0.1% at 173 dollars on the New York Stock Exchange.
Copyright (c) 2018 CercleFinance.com. All rights reserved.