Accenture Guides FY22 Above Estimates; Raises Dividend 10% - Quick Facts

While reporting financial results for the fourth quarter on Thursday, professional services company Accenture Plc (ACN) initiated earnings and revenue growth outlook for the full-year 2022, above analysts' estimates and also provided revenue outlook for the first quarter.

For fiscal 2022, the company now expects earnings in a range of $9.90 to $10.18 per share on revenue growth of 12 to 15 percent in local currency.

The company assumes that the foreign-exchange impact on its results in U.S. dollars for 2022 will be positive negative 0.5% compared with fiscal 2021.

On average, 26 analysts polled by Thomson Reuters expect the company to report earnings of $9.87 per share on revenue growth of 10.0 percent to $55.59 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter of fiscal 2022, the company projects revenues in the range of $13.90 billion to $14.35 billion, 18 to 22% growth in local currency, reflecting the company's assumption of a positive 0.5% foreign-exchange impact over last year. The street is looking for revenues of $13.51 billion for the quarter.

Accenture's Board of Directors has declared a 10% higher quarterly cash dividend of $0.97 per share, payable on November 15, 2021 to shareholders of record at the close of business on October 14, 2021.

The company's Board of Directors has also approved $3.0 billion in additional share repurchase authority, bringing Accenture's total outstanding authority to approximately $6.3 billion.

The company said it expects to return at least $6.3 billion in cash to shareholders through dividends and share repurchases in fiscal 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Verizon Communications Inc. (VZ) said, on an adjusted basis, its third-quarter earnings per share rose 12.8 percent from a year ago. The company said its earnings were highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device. The... While reporting financial results for the third quarter on Wednesday, Abbott Laboratories (ABT) raised its earnings and adjusted earnings guidance for the full-year 2021. For fiscal 2021, the company continues to project earnings from continuing operations in a range of $3.55 to $3.6 per share and... Shares of Nestle SA were gaining around 4 percent in Swiss trading after the food and beverage giant on Wednesday raised its fiscal 2021 organic sales growth forecast after reporting higher sales in the first nine of the year. For the full year, the company now expects organic sales growth between 6 percent and 7 percent.
Follow RTT