HomeNewsWorldDemand from North America drives Accenture results

Demand from North America drives Accenture results

However, the company forecast first-quarter revenue below analysts' average estimate, due mainly to a stronger dollar.

September 24, 2015 / 21:53 IST

Accenture Plc, a provider of consulting and outsourcing services, reported better-than-expected quarterly earnings and revenue, helped by strong demand in North America.


However, the company forecast first-quarter revenue below analysts' average estimate, due mainly to a stronger dollar.


Accenture forecast revenue of between USD 7.70 billion and USD 7.95 billion. Analysts were expecting revenue of USD 8.11 billion, according to Thomson.


Accenture, whose shares were little changed in premarket trading on Thursday, also said its board approved a USD 5 billion share buyback.


 


Revenue in Accenture's outsourcing business rose 9 percent in local currency terms, while consulting business revenue rose 14 percent.



The consulting business accounts for a little more than half of Accenture's total revenue, while its outsourcing unit contributes the rest.


Net revenue rose 1.4 percent to USD 7.89 billion.


Net income rose to USD 788.1 million, or USD 1.15 per share, in the three months ended Aug. 31, from USD 760.2 million, or USD 1.08 per share, a year earlier.


Analysts on average had expected a profit of USD 1.12 per share and revenue of USD 7.68 billion.

first published: Sep 24, 2015 09:53 pm

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