For its fiscal second quarter Accenture posted earnings of $1.03 a share, missing the Capital IQ Consensus Estimate of $1.04 a share by 1 cent. Revenue rose 1% from the year-ago quarter to $7.13 billion. Analysts expected revenue of $7.21 billion for the quarter, Accenture expected revenue of between $6.95 billion and $7.25 billion for quarter.
Looking to the fiscal third quarter Accenture expects revenue of between $7.4 billion and $7.65 billion, compared to analysts' estimates of $7.55 billion.
Accenture also raised its forecast for full-year 2014. The company raised its EPS estimates to between $4.50 and $4.62 a share from between $4.44 and $4.56 a share. Analysts expect earnings of $4.51 a share for the year. The software company raised its FY4 revenue expectations to between 3% and 6% from between 4% and 6%. That would mean revenue of between about $29.28 and $30.13 billion for the year, compared to analysts' estimates of $29.74 billion.
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TheStreet Ratings team rates ACCENTURE PLC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACCENTURE PLC (ACN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."