Accenture’s (NYSE:ACN) Fiscal Q4 Adjusted Earnings, Revenue Rise; Sets Fiscal Q1 Revenue Guidance

Accenture (NYSE:ACN) posted fiscal Q4 adjusted earnings Thursday of $2.71 per diluted share, up from $2.60 a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $2.63.

Revenue for the quarter ended Aug. 31 was $15.99 billion, up from $15.42 billion a year earlier.

Analysts polled by Capital IQ expected $16.07 billion.

The consulting company said it expects fiscal Q1 revenue of $15.85 billion to $16.45 billion. Analysts surveyed by Capital IQ are looking for $16.35 billion.

The company also said it expects fiscal 2024 adjusted earnings of $11.97 to $12.32 per share. Analysts polled by Capital IQ are expecting $12.37. Revenue for the current fiscal year is projected to grow 2% to 5% in local currency, the company said.

Additionally, Accenture said its board has authorized an additional $4 billion in share buybacks, bringing the company’s outstanding authority to about $6.5 billion.

The company also said it has raised its quarterly dividend by 15% to $1.29 per share, payable Oct. 12 to shareholders of record on Nov. 15.

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