ACN Accenture Plc

By Dave Sebastian

Accenture PLC said it expects fiscal 2022 revenue to grow 12% to 15% in local currency as it posted higher profit for the latest quarter.

The professional-services company on Thursday said it expects full-year earnings of $9.90 a share to $10.18 a share. It reported earnings of $9.16 a share for the year ended Aug. 31.

The company said it expects fiscal 2022 operating cash flow of $8.2 billion to $8.7 billion, property and equipment additions of $700 million and free cash flow of $7.5 billion to $8 billion.

Accenture said it expects to return at least $6.3 billion in cash to shareholders through dividends and buybacks.

The outlook assumes that foreign-exchange effects on its results in U.S. dollars will be about 0.5% negative compared with the prior year. It expects its operating margin for the full year to be in the range of 15.2% to 15.4%, and its annual effective tax rate being 23% to 25%.

For the fiscal first quarter, the company said it expects revenue of $13.9 billion to $14.35 billion, an increase of 18% to 22% in local currency.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

September 23, 2021 07:25 ET (11:25 GMT)

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