The FINANCIAL — Accenture plc raised fiscal year 2016 outlook for revenue growth to 6%-9% in local currency and confirmed annual earnings per share outlook, according to Nasdaq.
Accenture’s business outlook for the full 2016 fiscal year now assumes a foreign-exchange impact of negative 5 percent compared with fiscal 2015; the previous foreign-exchange assumption was negative 4 percent.
For fiscal 2016, the company now expects net revenue growth to be in the range of 6 percent to 9 percent in local currency, compared with 5 percent to 8 percent previously.
Analysts polled by Thomson Reuters expect the company to report earnings of $5.21 per share and revenues of $32.16 billion for fiscal year 2016. Analysts’ estimates typically exclude special items.
Accenture continues to expect operating margin for the full fiscal year to be in the range of 14.6 percent to 14.8 percent, an expansion of 10 to 30 basis points from the adjusted operating margin of 14.5 percent in fiscal 2015.
For fiscal 2016, the company continues to expect operating cash flow to be in the range of $4.1 billion to $4.4 billion; property and equipment additions to be $500 million; and free cash flow to be in the range of $3.6 billion to $3.9 billion.
Accenture expects net revenues for the second quarter of fiscal 2016 to be in the range of $7.50 billion to $7.75 billion. Analysts expect revenues of $7.74 billion for the second-quarter. This range assumes a foreign-exchange impact of negative 6 percent compared with the second quarter of fiscal 2015.