Accenture Shares Sink 20% After Revenue Outlook Misses Expectations

EarningsM&A · Partnership Impact 4
โดย GuruFocus·Read original
Summary · why it matters

Accenture shares fell 20% in early New York trading, their worst one-day drop on record, after the company projected softer revenue for the coming months. The company forecast revenue of $17.75 billion to $18.4 billion for the three months through August, below the $18.47 billion expected by analysts compiled by Bloomberg. Accenture reported a 2% decline in new bookings for the quarter ended May 31, and Chief Executive Officer Julie Sweet said the Middle East war reduced revenue by $100 million in that period and impacted sales by roughly $400 million. Revenue still rose $1 billion year-on-year to $18.7 billion, slightly below the $18.76 billion analyst estimate, while diluted earnings per share increased 9% to $3.80. Accenture expects full-year local-currency revenue growth of 3% to 4% and adjusted earnings per share of $13.78 to $13.90, and also agreed to acquire a majority stake in Dragos and all of runZero and NetRise for a combined enterprise value of about $4.2 billion.

Impact on stocks 3

Information Technology · 2 stocks
Cybersecurity & Digital Trust · 1 stocks
Accenture plc
ACN
▼ NegativeCapitalrelevance

Revenue outlook and bookings miss, earnings slightly below estimates, causing 20% drop.

Theme Impact 2

Off-coverage companies 2

Dragos, Inc.Private▲ Positive
Capitalrelevance

Accenture agreed to acquire majority stake in Dragos, implying a positive valuation event for Dragos.

runZeroPrivate▲ Positive
Capitalrelevance

Accenture agreed to acquire all of runZero, implying a positive valuation event for runZero.

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