- Accenture (NYSE:ACN) -4.4% premarket despite beating FQ4 earnings and revenue expectations, as it guides its Q1 revenue outlook below Wall Street estimates.
- ACN foresees FQ1 revenues of $7.70B-$7.95B vs. $8.12B analyst consensus estimate, due mainly to a stronger dollar; for FY 2016, ACN sees EPS of $5.09-$5.24 vs. $5.22 consensus, and revenues up 1%-4% (up 5%-8% in local currency) to $31.3B-$32.3B vs. $32.6B consensus.
- For FQ4, revenue before reimbursements rose 1.4% to a better than expected $7.89B, but excluding currency impacts, revenue would have grown 12%.
- FQ4 consulting business revenue rose 14% Y/Y in local currency terms, and revenue in the outsourcing business gained 9%; consulting accounts for slightly more than half of ACN's total revenue, while outsourcing contributes the rest.
- ACN's board also approves $5B in additional share repurchase authority.
- Also: Accenture declares $1.10 dividend