Accenture expects revenue of USD 7-7.3 bn in Sept-Nov quarter

Written by Press Trust of India | New Delhi | Updated: Sep 29 2013, 00:33am hrs
Global technology services and consulting company Accenture expects revenue in the September-November quarter to be in range of USD 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 USD 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 USD 28.6 billion.

"Accenture expects net revenues for the first quarter of fiscal 2014 to be in the range of USD 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 USD 3.6 billion-3.9 billion, property and equipment additions to be USD 400 million and free cash flow at USD 3.2 billion-3.5 billion.

Operating cash flow was USD 3.3 billion and free cash flow was USD 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 USD 32-35 billion against new bookings for fiscal 2013 of USD 33.3 billion.