DUBLIN (AP) _ Accenture PLC (ACN) on Friday reported fiscal first-quarter net income of $1.97 billion.
On a per-share basis, the Dublin-based company said it had profit of $3.08.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.
The consulting company posted revenue of $15.75 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $15.58 billion.
For the current quarter ending in February, Accenture said it expects revenue in the range of $15.2 billion to $15.75 billion. Analysts surveyed by Zacks had expected revenue of $16.22 billion.
The company expects full-year earnings to be $11.20 to $11.52 per share.
Accenture shares have decreased 32% since the beginning of the year, while the S&P’s 500 index has declined 18%. The stock has decreased 25% in the last 12 months.
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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