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Accenture Narrows FY19 Business Outlook - Quick Facts

Accenture (ACN) announced, for fiscal 2019, the company now expects revenue growth to be in the range of 6 percent to 8 percent in local currency, compared with 5 percent to 8 percent previously. The company now expects EPS to be in the range of $7.01 to $7.25, compared with $6.98 to $7.25 previously. Accenture's business outlook for the 2019 fiscal year now assumes that the foreign-exchange impact on its results in U.S. dollars will be negative 3 percent compared with fiscal 2018; the previous foreign-exchange assumption was negative 2.5 percent.

Accenture continues to expect operating margin for the full fiscal year to be in the range of 14.5 percent to 14.7 percent. The company continues to expect operating cash flow to be in the range of $5.75 billion to $6.15 billion; property and equipment additions to be $650 million; and free cash flow to be in the range of $5.1 billion to $5.5 billion.

For the second quarter of fiscal 2019, Accenture expects revenues to be in the range of $10.10 billion to $10.40 billion, 6 percent to 9 percent growth in local currency, reflecting the company's assumption of a negative 4 percent foreign-exchange impact compared with the second quarter of fiscal 2018.

For the first quarter of fiscal 2019, earnings per share were $1.96, an increase of 9 percent from the first quarter last year. Operating income was $1.63 billion, a 9 percent increase over the same period last year, and operating margin was 15.4 percent, an expansion of 20 basis points.

First-quarter revenues were $10.6 billion, an increase of 7 percent in U.S. dollars and 9.5 percent in local currency over the same period last year. New bookings for the quarter were $10.2 billion, with consulting bookings of $5.9 billion and outsourcing bookings of $4.3 billion.

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