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.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.