Accenture Plc reported a better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business, particularly in North America.
The company also raised its 2016 net revenue growth forecast to 6-9 percent from 5-8 percent in local currency.
Consulting net revenue for the first quarter ended Nov. 30 was USD 4.35 billion, an increase of 6 percent in US dollars and 15 percent in local currency.
The business accounts for just over half of Accenture's revenue, with its outsourcing unit contributing the rest.
The company's revenue from North America, which accounted for about 47 pct of total revenue in the quarter, rose 9 percent to USD 3.76 billion. In local currency, the rise was 11 percent.
Accenture has been investing heavily to boost its digital business, which offers analytics, content management, social media and cloud services.
It has also announced it would increase investments in research and development efforts in artificial intelligence.
Net income fell to USD 858.5 million, or USD 1.28 per share, in the first quarter from USD 882.2 million, or USD 1.29 per share, a year earlier.
Net revenue, or revenue before reimbursements, rose to USD 8.01 billion from USD 7.90 billion.
Analysts on average expected the company to earn USD 1.32 per share on revenue of USD 7.92 billion.
Up to Wednesday's close of USD 109.08, the stock had risen about 22 percent this year.
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