Accenture plc (NYSE:ACN), had a very busy month. This article will review its most recent earnings release, look at its recent corporate activity, and take a look at how the market reacted to all of this news to see if there is an opportunity to either initiate a position or to add to an existing position in Accenture.
Earlier this week Accenture reported their numbers for the second quarter. In summary, Accenture had revenues of $8.76B, net income of $876.7M, and earnings per share of $1.33. In my previous article on Accenture, I stated that I was looking for $1.34 in earnings per share. Additionally, Accenture's management issued guidance of 6-8% revenue growth for FY 2017 and an earnings per share estimate of $5.70 to $5.87.
