Accenture Earnings, Revenue Beat in Q1

accenture-earnings,-revenue-beat-in-q1 – Accenture (NYSE:ACN) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Accenture announced earnings per share of $2.17 on revenue of $11.76B. Analysts polled by anticipated EPS of $2.05 on revenue of $11.29B.

Accenture shares are up 17.51% from the beginning of the year, still down 2.55% from its 52 week high of $253.93 set on December 1. They are outperforming the S&P 500 which is up 14.56% from the start of the year.

Accenture follows other major Technology sector earnings this month

Accenture’s report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.

Adobe had beat expectations on December 10 with fourth quarter EPS of $2.81 on revenue of $3.42B, compared to forecast for EPS of $2.66 on revenue of $3.36B.

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