Accenture Raises Fiscal Year 2022 Revenue Guidance; Narrows Earnings Outlook
June 23 2022 - 07:40AM
Dow Jones News
By Will Feuer
Accenture PLC raised its fiscal 2022 revenue guidance while
lowering the high end of its earnings outlook, as the strong U.S.
dollar weighs on results.
The Dublin-based consulting company said it expects fiscal 2022
revenue to grow 25.5% to 26.5% in local currency, up from prior
guidance of 24% to 26% growth. The company's fiscal year is
expected to end around Aug. 31.
The company said it now expects fiscal-year earnings to be in
the range of $10.61 to $10.70 a share. The company previously
expected earnings to be in the range of $10.61 to $10.81 a
share.
Accenture said its outlook assumes a negative foreign-exchange
impact on its results in U.S. dollars of 4.5% compared with fiscal
2021. The company previously expected a negative 3%
foreign-exchange impact.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 23, 2022 07:25 ET (11:25 GMT)
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