ACN Accenture Plc

   By Allison Prang 
 

Accenture Plc (ACN) released results for its second quarter before the market opened Thursday. Here's what you need to know.

PROFIT: Accenture made $863.7 million, or $1.37 a share, up 3% from $838.8 million, or $1.33 a share, it made in same quarter last year. On an adjusted basis, the company made $1.58 a share. Analysts polled by Thomson Reuters were expecting $1.49 a share.

NEW TAX LAW IMPACT: Accenture said it had a $137 million charge from the new tax law. That charge came out to 21 cents a share.

NET REVENUE: Net revenue was $9.59 billion, up 15% from $8.32 billion for the same period a year ago.

3Q GUIDANCE: The company said it expects net revenues to be between $9.9 billion and $10.15 billion in its third quarter. It is expecting growth in local currency between 6%-9%, it said.

ANNUAL GUIDANCE: Accenture said it expects net revenue to increase 7%-9% in local currency, higher than its previous expectation of 6%-8%. The company expects to make $6.40 to $6.49 a share and $6.61 to $6.70 on an adjusted basis. That estimate is higher than its previous expectation of adjusted earnings of $6.48 to $6.66 a share. Analysts are expecting adjusted earnings of $6.68 a share.

Shares fell 1.9% premarket on low volume. In the past year, they've risen 28%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

March 22, 2018 07:34 ET (11:34 GMT)

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