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Share Name Share Symbol Market Type
Accenture Plc NYSE:ACN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 279.81 0 01:00:00

Accenture Raises Fiscal Year 2022 Revenue Guidance; Narrows Earnings Outlook

23/06/2022 12:40pm

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By Will Feuer

 

Accenture PLC raised its fiscal 2022 revenue guidance while lowering the high end of its earnings outlook, as the strong U.S. dollar weighs on results.

The Dublin-based consulting company said it expects fiscal 2022 revenue to grow 25.5% to 26.5% in local currency, up from prior guidance of 24% to 26% growth. The company's fiscal year is expected to end around Aug. 31.

The company said it now expects fiscal-year earnings to be in the range of $10.61 to $10.70 a share. The company previously expected earnings to be in the range of $10.61 to $10.81 a share.

Accenture said its outlook assumes a negative foreign-exchange impact on its results in U.S. dollars of 4.5% compared with fiscal 2021. The company previously expected a negative 3% foreign-exchange impact.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

June 23, 2022 07:25 ET (11:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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