Accenture 3Q net income rises 9 percent
Consulting firm Accenture PLC said Thursday that its third-quarter net income rose 9 percent but it scaled back its forecast for full-year earnings mainly due to currency fluctuations.
For the full fiscal year that ends in August, the company said it would earn between $3.80 and $3.84 per share, compared with an earlier forecast of $3.82 to $3.90 per share. Accenture said the new forecast was 4 cents per share lower from the effect of currency exchange rates.
Analysts were expecting $3.87 per share, according to FactSet.
For the third quarter, which ended May 31, net income was $752.4 million, or $1.03 per share, compared with $692 million, or 93 cents per share, a year earlier.
Revenue grew 6 percent to $7.64 billion.
Analysts had forecast $1 per share on revenue of $7.68 billion.
The company said third-quarter bookings were $7.29 billion.
CEO Pierre Nanterme said that revenue before adjusting for currency rates rose across geographic and business lines with the best strength in outsourcing. Revenue from outsourcing rose 16 percent but was flat for consulting.
The shares rose 76 cents to close at $56.63 before the report. In extended trading, they were up $2.11, or 3.7 percent, to 58.74. In the past 52 weeks they have ranged from $47.40 last August to $65.89 in March.