5 Stocks Under Investors’ Radar After Releasing their Earnings Reports

3. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 52

Accenture plc (NYSE:ACN) recently came into the limelight after announcing financial results for its fiscal fourth quarter. The Irish IT services company reported earnings of $2.20 per share for the three months ended 31 August 2021, up from $1.99 per share in the comparable period of 2020.

Revenue came in at $13.4 billion, up 24 percent versus the year-ago quarter. Analysts were expecting Accenture plc (NYSE:ACN) to report earnings of $2.19 per share on revenue of $13.42 billion.

If we look at the performance of key segments, consulting revenue in the quarter jumped 29 percent on a year-over-year basis to $7.31 billion, while outsourcing revenue rose 19 percent to $6.11 billion.

Praising the results, CEO Julie Sweet said in a statement:

“We are very proud of our outstanding fiscal 2021 financial performance, reflecting growth significantly above the market and strong momentum heading into fiscal 2022. Our results reflect the dedication and hard work of our 624,000 incredible people, who are laser-focused on creating tangible value for our clients, innovating with our ecosystem, and being the trusted partner of choice on our clients’ transformation journeys.”

Accenture plc (NYSE:ACN) also released the financial outlook for its fiscal year 2022. It expects earnings in the range of $9.90 – $10.18 per share and revenue growth between 12 – 15 percent for the full year.