Accenture plc (ACN) posted a considerable rise in second-quarter net income attributable to the company to $1.1 billion, from $643.92 million last year, while earnings per share amounted to $1.65, an increase from $0.97 a year back. The reorganization benefit and final determinations of prior-year tax liabilities had a positive $0.65 impact on the recent period's earnings per share.
Excluding these benefits, earnings per share for the quarter were $1.00. On average, 21 analysts polled by Thomson Reuters expected earnings per share of $0.97 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked quarterly net revenues of $7.06 billion, up 4 percent in both U.S. dollars and local currency over the prior year's $6.80 billion, while 19 analysts estimated revenues of $7.07 billion for the quarter.
Looking ahead to the third quarter of fiscal 2013, Accenture expects net revenues in the range of $7.25 billion - $7.50 billion, assuming a foreign-exchange impact of negative 2.5 percent compared with the third quarter of fiscal 2012. Nineteen analysts project third-quarter revenue of $7.6 billion.
For fiscal 2013, the company now expects net revenue growth to be in the lower half of its previously guided range of 5 percent to 8 percent in local currency. The company now sees fiscal 2013 earnings per share of $4.89 - $4.97, reflecting the $0.65 in benefits related to final determinations of prior-year tax liabilities and the reduction in reorganization liabilities in the second quarter. Excluding these benefits, the company continues to expect EPS in the range of $4.24 - $4.32. Analysts estimate earnings of $4.26 per share for the year.
Further, Accenture plc has declared a semi-annual cash dividend of $0.81 per share on its Class A ordinary shares for shareholders of record at the close of business on April 12, 2013, and Accenture SCA would declare a semi-annual cash dividend of $0.81 per share on Accenture SCA Class I common shares for shareholders of record at the close of business on April 9, 2013. These dividends are both payable on May 15, 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.