(ACN) – Accenture Ltd – highest-ever quarterly revenues and earnings per share

July 16th, 2008

Accenture Ltd. (ACN) is not just sustaining itself in this tough environment, it is actually prospering, having recently reported excellent third-quarter results that were ahead of analyst estimates. After dipping lower in late 2007, the company’s share price is once again in rally mode, producing excellent gains for the last 5 months.

Accenture Ltd. provides professional consulting services in a wide range of disciplines and industries. The company was founded in 1995, carries a market cap. of $24,5 billion and is based in Hamilton, Bermuda.

Another Strong Quarter

Accenture made investors happy on June 17 when the company reported very strong third-quarter results. Revenue was up to $6.10 billion, a 20% increase form the same period last year. Earnings per share were a record 74 cents, a 36% increase form last year.

Estimates Are Up

Accenture also boosted its full-year earnings guidance, now projecting earnings between $2.63 and $2.65 per share, up from the previous range of $2.55 to $2.60

Beating Estimates

This is the fourth time in four quarters that Accenture has surprised and beaten analyst estimates, having done so by an average of five cents, or 7.71%.

The company noted that it was able to boost its operating income 27% and expand its operating margin by .70% from the same period last year.

Multi-Regional Growth

Accenture experienced strong growth in a number of its business regions Incorporatedluding the Europe, Middle East and Africa region in which revenues were up 23% in US dollars to $2.16 billion. Domestically sales were up 17%.

William Green, Chairman and CEO of Accenture said, “Our excellent results in the third quarter include our highest-ever quarterly revenues and earnings per share. We see strong momentum in our business.”

The Chart

As previously mentioned, shares of ACN have had a very solid year, advancing from $32 to a high-point of over $42. This stock is now within striking distance of its 52-week and all-time high at $44.

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More on this topic (What's this?)
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Accenture (ACN): Market Fears Overshadow Fundamentals (College Analysts, 9/30/08)
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Read more on Accenture at Wikinvest

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