Accenture: Fiscal Q4 Earnings Snapshot

September 22, 2022 GMT

DUBLIN (AP) _ Accenture PLC (ACN) on Thursday reported fiscal fourth-quarter profit of $1.67 billion.

On a per-share basis, the Dublin-based company said it had net income of $2.60.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.

The consulting company posted revenue of $15.42 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $15.45 billion.

For the year, the company reported profit of $6.88 billion, or $10.71 per share. Revenue was reported as $61.59 billion.

For the current quarter ending in November, Accenture said it expects revenue in the range of $15.2 billion to $15.75 billion. Analysts surveyed by Zacks had expected revenue of $16.22 billion.

The company expects full-year earnings to be $11.09 to $11.41 per share.

Accenture shares have decreased 36% since the beginning of the year, while the S&P’s 500 index has dropped 20%. The stock has fallen 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACN at https://www.zacks.com/ap/ACN