Accenture expects revenue of $7-7.3b in Sept-Nov quarter
Sep 28 2013 , New Delhi
company Accenture expects revenue in the September-November quarter
to be in range of $ 7-7.3 billion.
For fiscal September-August 2014, the firm has forecast revenue
growth of 2-6 per cent.
The firm reported a 4 per cent increase in revenue to $ 7.1
billion for the fourth quarter of fiscal 2013 from a year earlier,
while revenue for the entire fiscal climbed 3 per cent to $ 28.6 billion.
"Accenture expects net revenues for the first quarter of fiscal
2014 to be in the range of $ 7-7.3 billion," it said in a release.
"For fiscal 2014, the company expects net revenue growth to be in
the range of 2-6 per cent in local currency."
The company estimates operating cash flow in fiscal 2014 to be in
the range of $ 3.6 billion-3.9 billion, property and equipment
additions to be $ 400 million and free cash flow at $ 3.2 billion-3.5
Operating cash flow was $ 3.3 billion and free cash flow was $
2.9 billion in fiscal 2013.
"We remain focused on investing to further differentiate our
industry, technology and business process capabilities, particularly
in digital marketing, mobility, analytics and cloud," Accenture Chairman
and CEO Pierre Nanterme said.
Accenture is targeting new bookings for fiscal 2014 in the range
of $ 32-35 billion against new bookings for fiscal 2013 of $