{"id":45541,"date":"2013-06-28T05:19:00","date_gmt":"2013-06-28T05:19:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/accenture-guidance-downbeat-share-tumble-in-afterhours-acn\/45535\/"},"modified":"2024-08-25T18:09:18","modified_gmt":"2024-08-25T18:09:18","slug":"accenture-guidance-downbeat-share-tumble-in-afterhours-acn","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/accenture-guidance-downbeat-share-tumble-in-afterhours-acn\/45541\/","title":{"rendered":"Accenture Guidance Downbeat, Share Tumble in Afterhours (ACN)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Accenture Plc (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ACN\" target=\"_blank\" rel=\"noopener\">NYSE: ACN<\/a>) said late on Thursday that its fiscal third-quarter earnings rose 18%, driven by higher revenue from heath, public and financial division; nonetheless, shares plunged almost 7% in afterhours trading as the IT consulting firm slashed its full-year revenue guidance. Revenue from the current quarter also fell short of analysts\u2019 estimation.<\/p>\n<p><span id=\"more-45541\"><\/span><\/p>\n<p>For the full fiscal year, Accenture now expects revenue to grow by 3% to 4% down from its earlier projections of 5% to 8%. For the fourth quarter, the company anticipates revenue to be in the range of $6.7 billion to $7 billion while analysts polled by Thomson Reuters had expected $7.36 billion.<\/p>\n<p>The Dublin, Ireland-based company, which competes with tech giants such as Hewlett-Packard Co. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=HPQ\" target=\"_blank\" rel=\"noopener\">NYSE: HPQ<\/a>) and International Business Machines Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=IBM\" target=\"_blank\" rel=\"noopener\">NYSE: IBM<\/a>), has\u00a0 mainly delivered strong quarterly results in last two years as revenue from outsourcing business grew sharply.<\/p>\n<p>Earlier in May, the enterprise IT consulting firm acquired Acquity Group Ltd. in a cash deal valued at $316 million, a move which allow gaining traction in digital marketing sphere.<\/p>\n<p>For the fiscal third quarter ended May 31, Accenture reported net income of $810.3 million or $1.21 a share compared to a profit of $689.2 million or $1.03 a share, in the same quarter of last year.<\/p>\n<p>Excluding onetime items, the company earned $1.14 a share, a penny higher than analysts\u2019 consensus estimate.<\/p>\n<p>Revenue edged up 0.6% to $7.2 billion or 3% after excluding the impact of foreign <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a> fluctuation. The Company had provided revenue guidance of $7.25 billion to $7.5 billion.<\/p>\n<p>Gross margin improved to 33.9% from 33.1%, in the same period of last year.<\/p>\n<p>Segment wise, revenue fell 5.3% from the media, communications and technology business, it rose 4.8% from the financial services while it climbed 9.4% at heath and public division.<\/p>\n<p>Revenue from products edged up 1.3% while from resources fell 5.4%.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130702004518\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.4\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Faccenture-guidance-downbeat-share-tumble-in-afterhours-acn%2F45541&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130702004518js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-finish-higher-5\/45608\">\nStocks Finish Higher<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-rally-more-than-2-silver-prices-also-gain\/45606\">\nGold Prices Rally More Than 2%; Silver Prices Also Gain<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-rally-across-the-board-2\/45605\">\nStocks Rally Across-the-Board<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-u-s-dollar-index-edges-lower-non-farm-payrolls-eyed\/45603\">\nForex Market Update: U.S. Dollar Index Edges Lower, Non-Farm Payrolls Eyed<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-gain-silver-prices-up-as-well\/45601\">\nGold Prices Gain, Silver Prices Up as Well<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-sharply-higher-in-early-trading-12\/45598\">\nStocks Sharply Higher in Early Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-up-4\/45596\">\nStock Futures Up<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130702004518im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accenture Plc (NYSE: ACN) said late on Thursday that its fiscal third-quarter earnings rose 18%, driven by higher revenue from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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