Accenture 4Q Revenue Rises on Growth Across Geographies, Industries

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Accenture's fourth-quarter profit and revenue rose on higher demand across each of its geographic markets and client industries.

The consulting company's results topped Wall Street's expectations. The company also guided for further profit and revenue growth in the year ahead.

The stock gained 10% to $202.45 in premarket trading on Thursday. As of Wednesday's market close, shares were down 32% year to date.

Accenture posted a fourth-quarter profit of $1.99 billion, or $3.29 a share, compared with $1.41 billion, or $2.25 a share, a year earlier. Analysts polled by FactSet forecast earnings of $3.18 a share.

Revenue rose about 6% to $18.68 billion, topping analyst estimates of $18.03 billion.

Accenture recorded higher revenue across each of its geographic markets and each industry group it works with, with particularly strong growth in communications, media and technology.

New bookings rose 4% to $22.17 billion.

For the full year ahead, Accenture guided for revenue growth of 3% to 6% in local currency and earnings per share of $14.39 to $14.81. Analysts expect revenue of $76.4 billion and earnings of $14.64 a share for the year.

For the current first quarter, the company expects revenue of $18.95 billion to $19.60 billion, compared with analysts' projection of $19.35 billion.

 
 

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