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Accenture: Fiscal 1Q Earnings Snapshot

DUBLIN (AP) _ Accenture PLC (ACN) on Thursday reported fiscal first-quarter net income of $1.36 billion.

On a per-share basis, the Dublin-based company said it had profit of $2.09.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2 per share.

The consulting company posted revenue of $11.36 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $11.14 billion.

For the current quarter ending in March, Accenture said it expects revenue in the range of $10.85 billion to $11.15 billion. Analysts surveyed by Zacks had expected revenue of $11.08 billion.

The company expects full-year earnings to be $7.66 to $7.84 per share.

Accenture shares have climbed 46% since the beginning of the year, while the Standard & Poor's 500 index has climbed 27%. The stock has climbed 35% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACN at https://www.zacks.com/ap/ACN