Revenue Update on Accenture Plc(NYSE:ACN)

Accenture Plc(NYSE:ACN) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $8.318B. Analysts estimated a revenue of $8.340B. The revenues were -0.26% below the estimates. Earnings per share were $1.33. The reported EPS was above estimates by 2.31%. Analysts had estimated an EPS of $1.3.

Accenture Plc (ACN) shares turned negative on Fridays trading session with the shares closing down -1.78 points or -1.47% at a volume of 39,49,828. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $121.31. The peak price level was also seen at $121.31 while the days lowest was $118.755. Finally the shares closed at $118.98. The 52-week high of the shares is $126.53 while the 52-week low is $108.66. According to the latest information available, the market cap of the company is $76,276 M.

Several Insider Transactions has been reported to the SEC. On Feb 15, 2017, Richard Lumb (Group Chief Executive-Fin Serv) sold 4,400 shares at $120.00 per share price.Also, On Feb 15, 2017, ‘t Noordende Alexander M Van (Group Chief Exec-Products) sold 10,874 shares at $120.00 per share price.On Jan 6, 2017, Daniel T London (Grp Chief Exec-Health & PS) sold 4,437 shares at $115.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications Media & Technology Financial Services Health & Public Service Products and Resources. The Communications Media & Technology segment serves the communications electronics technology media and entertainment industries. The Financial Services segment serves the banking capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers government departments public service organizations educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals energy forest products metals and mining utilities and related industries.

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