While reporting financial results for the second quarter on Thursday, professional services company Accenture Plc (ACN) raised its earnings and revenue growth outlook for the full-year 2022 and also provided revenue outlook for the third quarter.
For fiscal 2021, the company now expects earnings in a range of $10.61 to $10.81 per share on revenue growth of 24 to 26 percent in local currency.
Previously, the company projected earnings in a range of $10.32 to $10.60 per share on revenue growth of 19 to 22 percent in local currency.
The company continues to assume that the foreign-exchange impact on its results in U.S. dollars for 2021 will be negative 3% compared with fiscal 2021.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.68 per share on revenue growth of 22.7 percent to $55.0 billion for the year. Analysts' estimates typically exclude special items.
For the third quarter, the company projects revenues in the range of $15.70 billion to $16.15 billion, 22% to 26% growth in local currency, reflecting the company's assumption of a negative 4% foreign-exchange impact over last year. The street is looking for revenues of $13.94 billion for the quarter.
The company said it now expects to return at least $6.5 billion in cash to shareholders through dividends and share repurchases, compared with at least $6.3 billion previously.
On Tuesday, Accenture's Board of Directors has declared a 10% higher quarterly cash dividend of $0.97 per share, payable on May 13, 2022 to shareholders of record at the close of business on April 14, 2022.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.