Accenture Plc Expects FY24 Revenue Growth of 1.5%-2.5% in Local Currency (Compared to 1%-3% Previously) Vs $65.23B Est, Adj EPS of $11.85-$12.00 (Compared to $11.97-$12.20 Previously) Vs $12.10 Est
Portfolio Pulse from Benzinga Newsdesk
Accenture Plc has updated its fiscal year 2024 outlook, expecting revenue growth of 1.5%-2.5% in local currency and adjusted EPS of $11.85-$12.00. The company anticipates a negative 0.7% foreign-exchange impact and maintains its GAAP operating margin forecast at 14.8%. Accenture plans to return at least $7.7 billion to shareholders through dividends and share repurchases.
June 20, 2024 | 10:46 am
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Accenture has revised its fiscal year 2024 outlook, expecting revenue growth of 1.5%-2.5% in local currency and adjusted EPS of $11.85-$12.00. The company also anticipates a negative 0.7% foreign-exchange impact and plans to return at least $7.7 billion to shareholders.
The updated revenue growth and adjusted EPS forecasts are slightly lower than previous estimates, which may create mixed reactions in the market. However, the commitment to return $7.7 billion to shareholders could provide support to the stock price.
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