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Accenture Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

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© Reuters. In Q1, Accenture’s Earnings and Revenue Beat

Investing.com – Accenture NYSE: reported Thursday the results of their first quarter. They beat analyst forecasts, and generated revenue above expectations.

Accenture posted earnings per share (EPS) of $2.78 on revenue $14.97B. Investing.com polled analyst to predict EPS of 2.63 on revenue $14.17B.

The shares of Accenture are up 43.68% since the start of the year. However, they’re still 1.53% below their 52-week high of $381.15 on December 13. They are outperforming the S&P 500 which is up 25.39% from the start of the year.

This month, Accenture is following other important earnings in the Information Technology sector

Accenture’s earnings beat was achieved by NVIDIA, who on November 17 reported an EPS increase of $1.17 for revenue $7.1B. Forecasts were for an EPS rise of $1.11 to revenue $6.82B.

Oracle exceeded expectations by beating forecasts on December 9, with second quarterEPS of $1.21 on $10.36B revenue, as compared to $1.11 for $10.2B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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