Accenture (ACN) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | Sep 25, 2016 10:11PM ET
Accenture Plc (NYSE:ACN) is set to report fiscal fourth-quarter 2016 results on Sep 29, 2016. Last quarter, the company posted a positive earnings surprise of 0.71%. Let us see how things are shaping up for this announcement.
Factors to Consider
Accenture delivered better-than-expected third quarter fiscal 2016 results. Revenues increased on a year-over-year basis, reflecting increased focus on the Consulting and Outsourcing business, new bookings and continuous return of shareholders’ value.
Accenture recently announced that it has entered into an agreement to acquire Kurt Salmon – a strategy consulting firm – that mainly focuses on the retail industry. Also, Accenture announced a definitive agreement to acquire a 47.4% stake in OCTO Technology.
We are encouraged by Accenture’s strategy of growing through acquisitions. These buyouts have enabled the company to foray into newer markets, diversify and broaden its product portfolio, and maintain a leading position. We believe that regular acquisitions will significantly contribute to the company's revenue stream.
Going forward, Accenture’s solid performance across insurance, banking and health care segments reflects strong demand for its services, which will boost its long-term growth prospects.
However, increasing competition from Cognizant Technology Solutions (NASDAQ:CTSH) and International Business Machines (NYSE:IBM) Corporation, a strained spending environment and Accenture’s broad European exposure may temper its growth to some extent.
ACCENTURE PLC Price and EPS Surprise
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