Accenture, ACN, Accenture Plc Reports Financials for Q1 2012
Having EPS increasing nearly 20 percent to $0.96, operating income rising by the same margin to $980 million, and new bookings totaling almost $8 billion, Accenture (ACN) continues to look forward to getting full-year revenue growth between 7 to 10 percent in local currency and realizing a yearly EPS range of $3.76 to $3.84, showing the company��s latest foreign exchange assumption.
Accenture gave a full account of its financials for the first quarter of fiscal 2012 ending November 30, 2011, presenting net revenues amounting to $7.1 billion, which represents a 17 percent increase to the figures for the same period last year.
$0.96 represented the company��s diluted earnings per share, reflecting an increase of $0.15, or 20 percent to the earnings achieved during the same period a year ago.
According to Pierre Nanterme, Accenture��s CEO, management is pleased with the company��s strong performance in the first quarter. The company generated the highest quarterly revenues with double-digit growth in all its five operating groups in three geographic locations. Nanterme continued that the company��s excellent performance in the first quarter gives management the confidence that it continues to execute growth strategies that reflect the needs of its clients in the present environment.
Technical analysis show that Accenture, trading at $54.15 is looking for a direction now. The all-time high of $63.43, recorded in July 2011 was not broken in October, when the stock reached $61.76. Nevertheless, the support line of $47.50 is very close to the “classic” Fibonacci 50% line of the $27.12-$63.43 move that started in April 2009.
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