Accenture Beats, Raises Guidance (ACN)

Accenture plc ACN reports Q3 earnings of $0.81 versus estimate of $0.75. Accenture plc reports Q3 revenue of $6.05 billion versus estimate of $5.75 billion. Accenture raised its 2011 EPS from $3-$3.08 per share to $3.08-$3.16 per share. Wall Street expects earnings of $2.99 per share. William D. Green, Accenture's chairman & CEO, said, “We are delighted with our exceptional top- and bottom-line results in the first quarter, which demonstrate not only continued, but increasing, momentum across our business. We delivered very strong revenue growth — including double-digit local-currency growth in four of our five operating groups — as well as 20 percent EPS growth. “We continue to see strong demand for our services, demonstrated by bookings of more than $6.3 billion in the quarter, including our highest consulting bookings in more than two years. Accenture continues on a solid growth trajectory; we've raised our revenue outlook for the full year and are well positioned for the future. We remain focused on driving the business to capture growth and market share — and to deliver strong results for our clients and our shareholders alike.”