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 has delayed the worldwide launch of its Surface Earbuds till Spring 2020. The $249 wireless earbuds were originally expected to launch this year. The delay is a setback in Microsoft's attempt to compete with Apple's latest earbuds, AirPods Pro, which has a new design and features active noise cancellation. General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products.
RELATED NEWS
Follow RTT
>