Accenture Expects Fiscal Year, 1Q Revenue To Rise Between 5% and 8% On Local Currency Basis

   By Allison Prang 
 

Accenture PLC (ACN) said it is expecting revenue for both the first quarter and fiscal year to increase between 5% and 8% on a local-currency basis.

The company expects earnings of $7.62 to $7.84 a share for the fiscal year.

It said it estimates its operating margin to rise between 10 basis points and 30 basis points from a year earlier of 14.7% to 14.9%.

It is guiding for free cash flow of $5.7 billion to $6.1 billion and said it estimates operating cash flow of $6.35 billion to $6.75 billion.

For the first quarter, Accenture said it estimates revenue of $10.9 billion to $11.2 billion. Analysts polled by FactSet are expecting $11.26 billion.

The company said it expects results in the first quarter will be hurt by a 2% foreign exchange impact compared with a year earlier. It expects them to be hurt by a 1% foreign exchange impact for the fiscal year compared with a year prior, Accenture said.

Write to Allison Prang at [e-mail]

(END) Dow Jones Newswires

September 26, 2019 07:48 ET (11:48 GMT)

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