logo
Plus   Neg
Share
Email

Accenture Raises FY19 Outlook; Boosts Semi-annual Dividend 10% - Quick Facts

While reporting financial results for the second quarter on Thursday, Accenture Plc (ACN) raised its business outlook for the full-year 2019 and provided revenue guidance for the third quarter.

For fiscal 2019, the company now expects earnings in a range of $7.18 to $7.32 per share on revenue growth of 6.5 to 8.5 percent in local currency.

Previously, the company projected earnings in the range of $7.01 to $7.25 per share on revenue growth of 6 to 8 percent in local currency.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.23 per share on revenue growth of 8.4 percent to $42.9 billion for the year. Analysts' estimates typically exclude special items.

For the third quarter, Accenture expects revenues to be in the range of $10.80 billion to $11.10 billion, 5.5 percent to 8.5 percent growth in local currency, reflecting the company's assumption of a negative 4.5 percent foreign-exchange impact compared with the third quarter of fiscal 2018.

The Street is looking for revenue growth of 7.1 percent to $11.05 billion for the quarter.

Accenture also declared a 10 percent higher semi-annual cash dividend of $1.46 per share, payable on May 15, 2019 to shareholders of record at the close of business on April 11, 2019.

As previously disclosed, the company plans to begin paying dividends on a quarterly basis in the first quarter of fiscal 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Microsoft Corp. (MSFT) founder Bill Gates has admitted that his greatest mistake was allowing Google's android to become a dominant mobile operating system. Speaking at a Economic Club of Washington luncheon, Gates said to David Rubinstein on Monday, "We're in the field of doing operating systems... McDonald's said Monday that the introduction of fresh beef at its restaurants just over one year ago has helped it gain market share in the informal eating out or IEO category for the first time in five years. In May 2018, the burger chain switched to fresh beef quarter-pound burgers from frozen beef across the U.S., as part of its efforts to provide customers with a "hotter, juicer burger." 'Toy Story 4' has broken global office box records for an animated movie, according to media reports. The movie is the fourth instalment in the 'Toy Story' series and is the sequel to 2010's 'Toy Story 3.' The Disney and Pixar film has reportedly earned $238 million after opening worldwide over the weekend and performed particularly well in Latin America and Europe.
Follow RTT