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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