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ACCENTURE PLC

(ACN)
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Accenture Boosts FY21 Revenue, Earnings and Cash-Flow Guidance

06/24/2021 | 07:51am EDT

By Allison Prang

Accenture PLC on Thursday raised its guidance for revenue, earnings, operating cash flow and free cash flow for fiscal 2021.

Accenture said it expects revenue to rise between 10% and 11% on a local currency basis. It was expecting it to rise between 6.5% and 8.5%.

It said it now expects earnings to be between $9.07 a share and $9.16 a share. It was expecting earnings to be between $8.67 a share and $8.85 a share. The company is expecting adjusted earnings to be between $8.71 a share and $8.80 a share. It had been expecting those to be between $8.32 a share and $8.50 a share.

Accenture said it expects operating cash flow to be between $8.65 billion and $9.15 billion. It was expecting between $7.65 billion and $8.15 billion. It expects between $8 billion and $8.5 billion in free cash flow. It was expecting between $7 billion and $7.5 billion.

The company is guiding for its operating margin to grow 40 basis points to 15.1%. It had been guiding for that margin to grow between 30 basis points to 40 basis points.

Accenture is expecting a between 23% and 24% annual effective tax rate. It was expecting that rate to be between 23% and 25%.

For the fourth quarter, the company expects between $13.1 billion and $13.5 billion in revenue. According to FactSet, analysts are expecting $12.55 billion.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

06-24-21 0750ET

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE PLC -0.93% 332.29 Delayed Quote.27.21%
DJ INDUSTRIAL -1.78% 33970.47 Delayed Quote.13.00%
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Financials (USD)
Sales 2021 50 534 M - -
Net income 2021 5 888 M - -
Net cash 2021 8 546 M - -
P/E ratio 2021 36,5x
Yield 2021 1,06%
Capitalization 211 B 211 B -
EV / Sales 2021 4,00x
EV / Sales 2022 3,60x
Nbr of Employees 506 000
Free-Float 100%
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Number of Analysts 25
Last Close Price 332,29 $
Average target price 338,29 $
Spread / Average Target 1,80%
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Julie Spellman Sweet Chairman & Chief Executive Officer
KC McClure Chief Financial Officer
Paul R. Daugherty Group Chief Executive Officer-Technology Division
Penelope Prett Chief Information Officer
Johan G. Deblaere COO & Chief Executive-Europe
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