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Accenture Q3 EPS $1.79

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Staff Writer | June 28, 2018
Accenture announced, for fiscal 2018, excluding the charges, the company now expects EPS to be in the range of $6.66 to $6.71, compared with $6.61 to $6.70 previously.
Accenture
Accenture   Third-quarter net revenues were $10.3 billion
The company now expects GAAP EPS to be in the range of $6.26 to $6.31, including a $0.40 impact from charges related to tax law changes, compared with $6.40 to $6.49 previously, which included a $0.21 charge related to tax law changes.

Accenture's business outlook for the full 2018 fiscal year now assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 3.0 percent compared with fiscal 2017; the previous foreign-exchange assumption was positive 4.0 percent.

For fiscal 2018, the company now expects net revenue growth to be in the range of 9.5 percent to 10 percent in local currency, compared with 7 percent to 9 percent previously.

For fiscal 2018, the company now expects operating cash flow to be in the range of $5.5 billion to $5.8 billion, compared with $5.2 billion to $5.5 billion previously; and now expects free cash flow to be in the range of $4.9 billion to $5.2 billion, compared with $4.6 billion to $4.9 billion previously.

For the fourth quarter of fiscal 2018, Accenture expects net revenues to be in the range of $9.80 billion to $10.05 billion, 7 percent to 10 percent growth in local currency, reflecting the company's assumption of a flat foreign-exchange impact compared with the fourth quarter of fiscal 2017.

For the third-quarter, excluding a charge of $122 million or $0.19 per share related to tax law changes, EPS were $1.79. On an adjusted basis, EPS increased 18 percent over the same period last year.

Third-quarter net revenues were $10.3 billion, an increase of 16 percent in U.S. dollars and 11 percent in local currency over the same period last year.


 

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