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Accenture Raises Fiscal Year 2022 Revenue Guidance; Narrows Earnings Outlook

06/23/2022 | 07:25am

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

(END) Dow Jones Newswires

06-23-22 0725ET

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