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Accenture PLC Issues Q4 2013 Revenue Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance

Thursday, 27 Jun 2013 04:01pm EDT 

Accenture PLC announced that for the fourth quarter of 2013, it expects net revenues to be in the range of $6.7 billion to $7.0 billion. For fiscal 2013, the Company has updated its revenue outlook and expects net revenue growth to be in the range of 3% to 4% in local currency. Accenture previously expected net revenue growth was to be in the lower half of the range of 5% to 8% in local currency. The Company also expects diluted EPS for fiscal 2013 to be in the range of $4.90 to $4.94, compared with its previous guided range of $4.89 to $4.97. The Company reported revenue of $27.862 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7.4 billion for the fourth quarter of 2013; revenue of $29.07 billion and EPS of $4.28 for fiscal 2013. 

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10:47am EST