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MarketScreener Homepage  >  Equities  >  Nyse  >  Accenture Plc    ACN   IE00B4BNMY34

ACCENTURE PLC

(ACN)
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Accenture : 4Q Profit Rises, Revenue Falls

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09/24/2020 | 07:24am EDT

By Dave Sebastian

 

Accenture PLC said it booked some investment gains for the August quarter, boosting profit, though consulting revenue fell while the company faces uncertainty amid the Covid-19 pandemic.

Accenture on Thursday posted fourth-quarter net income of $1.29 billion, or $1.99 a share, compared with $1.13 billion, or $1.74 a share, in the year-ago period. Analysts polled by FactSet were expecting $1.73 a share.

The company said it took gains of 29 cents a share on investment. Excluding those gains, adjusted earnings were $1.70 a share, down 2% from the year-ago period.

Revenue fell 2% to $10.84 billion, in line with company expectations. Analysts were expecting $10.93 billion. The company said revenue fell 1% on a local currency basis from a decline in revenue from reimbursable travel costs. Consulting revenue fell 8%, while outsourcing revenue rose 6%.

The company said it sees fiscal 2021 revenue growth of about 2% to 5% in local currency, including a reduction of about one percentage point from a decline in reimbursable travel costs, on earnings of $7.80 a share to $8.10 a share. Accenture expects 2021 operating cash flow of $6.35 billion to $6.85 billion; property and equipment additions of $650 million; and free cash flow of $5.7 billion to $6.2 billion.

It expects revenue of $11.15 billion to $11.55 billion for the current quarter, about flat to down 3% in local currency. That includes a reduction of about two percentage points from a decline in revenue from reimbursable travel costs, it said. The company assumes a 1.5% positive foreign-exchange effect compared with the same quarter last year.

Accenture has also declared a quarterly cash dividend of 88 cents a share for shareholders of record at the close of business on Oct. 13. That dividend, payable Nov. 13, reflects a 10% increase, the company said.

Write to Dave Sebastian at dave.sebastian@wsj.com

 


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Financials (USD)
Sales 2020 44 413 M - -
Net income 2020 4 992 M - -
Net cash 2020 6 097 M - -
P/E ratio 2020 30,1x
Yield 2020 1,39%
Capitalization 146 B 146 B -
EV / Sales 2020 3,16x
EV / Sales 2021 2,98x
Nbr of Employees 506 000
Free-Float 95,7%
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 238,68 $
Last Close Price 230,05 $
Spread / Highest target 17,4%
Spread / Average Target 3,75%
Spread / Lowest Target -18,7%
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Managers
NameTitle
Julie Spellman Sweet Chief Executive Officer & Director
David P. Rowland Executive Chairman
Johan G. Deblaere COO & Chief Executive-Europe
KC McClure Chief Financial Officer
Paul R. Daugherty Group Chief Executive Officer-Technology Division
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