Accenture (ACN) said its first-quarter earnings per share increased 28% year-on-year, excluding prior year period pre-tax gains. Revenues came in more than $600 million above the company's guided range. Looking forward, Accenture increased its business outlook for fiscal 2022.
First quarter earnings per share was $2.78, a 20% increase from $2.32, last year, which included $0.15 in gains on an investment. On an adjusted basis, EPS increased $0.61 reflecting: a $0.64 increase from higher revenue and operating results; and a $0.01 increase from a lower share count. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $2.36, for the quarter. Analysts' estimates typically exclude special items.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.