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Accenture Delivers Another Solid Quarter

Accenture (ACN - Get Report) has beaten its fourth-quarter EPS estimates by 1 penny, as revenue gained 17% to $6 billion.

In the Americas, the company generated $9.73 million, compared with $8.48 million for fiscal 2007, an increase of 15% in U.S. dollars and 12% in local currency. In Europe, the Middle East and Africa, the company did $11.55 million -- compared with $9.53 million for fiscal 2007 -- an increase of 21% in U.S. dollars and 10% in local currency. Accenture performed well in the Asia Pacific region, making $2.12 million, compared with $1.68 million for fiscal 2007, an increase of 26% in U.S. dollars and 15% in local currency.

For its next fiscal year, Accenture forecast net revenue growth of 9% to 12% and earnings per diluted share of $2.85 to $2.93.

We have been recommending shares of Accenture since late June, but the shares have been basically unchanged since that time. We did like the earnings report and will evaluate the shares closely as we continue to move forward. The company has a 1.35% dividend yield, based on last night's closing stock price of $37.17.

Accenture is a recommended dividend stock, currently holding a rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Visit for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.
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