NEW YORK (TheStreet) -- Accenture (ACN) continues to struggle, as competitors such as Infosys (INFY) and others in the technology outsourcing business eat away at the company's strength, but Accenture said it hopes to turn around profitability as it works on its cost structure.
In the fiscal fourth quarter, the company earned $1.08 a share on $7.78 billion in net revenue as the company's tech outsourcing and management consulting businesses won contracts. But the company's operating expenses impacted earnings. Fiscal 2014 operating margins were 14.3%, allowing the company to generate $4.3 billion in operating income.
The company said it expects to improve operating margins for fiscal 2015 to hit between 14.4% and 14.6%. For the full fiscal year, the company expects to earn between $4.74 and $4.88 a share. Analysts surveyed by Thomson Reuters expect the company to earn $4.91 a share.
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"Our growth strategy is clearly resonating with the needs of our clients, which are the world's leading companies," Pierre Nanterme, Accenture's chairman and CEO said in a statement. "We are investing to further strengthen our industry expertise as well as to differentiate our capabilities -- including in strategy, digital, technology, and operations. We have momentum in our business, and I am confident in our ability to continue driving sustainable, profitable growth and delivering value for our shareholders."