Accenture stock rose on Thursday after the global tech consulting and services company reported fiscal fourth-quarter earnings and revenue that edged by estimates. Accenture earnings guidance came in above views.
For the quarter ended Aug. 31, Accenture earnings were $2.20 per share on a GAAP, or generally accepted accounting principles, basis. That was up 11% from a year earlier, said the Dublin-based company. Including acquisitions, Accenture (ACN) said revenue rose 24% to $13.4 billion.
Analysts expected Accenture earnings of $2.19 a share on sales of $13.38 billion. A year earlier, Accenture earned $1.99 a share, including a 29-cent investment gain, on sales of $10.84 billion.
The consulting giant also hiked its quarterly dividend by 10% to 97 cents a share while announcing a $3 billion stock buyback.
Accenture stock rose 1.4% to near 339 in morning trading on the stock market today. That could offer a buying opportunity. Heading into the Accenture earnings report, ACN stock was trying to rebound from its first test of the 10-week line since a late June breakout.
Accenture Earnings Guidance Tops Views
For its fiscal 2022 first quarter, Accenture said it expects revenue in a range of $13.9 billion to $14.35 billion. Analysts had projected revenue of $13.55 billion.
For full-year, fiscal 2022, Accenture said it expects EPS in a range of $9.90 to $10.18. Analysts had modeled EPS of $9.87 on revenue of $55.53 billion, including acquisitions.
Accenture continues to make acquisitions to move into digital, cloud computing and cybersecurity products. It also has invested in artificial intelligence and blockchain technology.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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