ADVFN - Advanced Financial Network.
HOME» NYSE » A » ACN Stock Price » ACN Stock News

Accenture Share News

 Accenture Ltd. Stock Price
ACN Stock Price
 Accenture Ltd. Stock Chart
ACN Stock Chart
 Accenture Ltd. Stock News
ACN Stock News
 Accenture Ltd. Company Information
ACN Company Information
 Accenture Ltd. Stock Trades
ACN Stock Trades

Accenture 1Q Profit Climbs 18% On Broad Revenue Growth

DOW JONES NEWSWIRES Accenture PLC's (ACN) fiscal first-quarter earnings rose 18%, continuing a streak of better-than-expected results, as each of the consulting and outsourcing company's five business segments reported double-digit revenue growth. Revenue has continued to climb for Accenture, one of the world's biggest stand-alone consulting companies, as its biggest business segments benefit from swelling demand and market-share gains. An uncertain economic outlook has not stopped most businesses from spending heavily on Accenture's services, which range from traditional business consulting to information-technology outsourcing. New bookings reached $7.8 billion, up from $6.3 billion a year earlier but down from the previous quarter's record $8.4 billion. For the quarter ended Nov. 30, Accenture reported a profit of $711.8 million, up from $534.7 million a year earlier. On a per-share basis, which includes some non-controlling interests, earnings rose to 96 cents from 81 cents, topping analysts' average 94-cent projection. Revenue grew 17% to $7.59 billion. Net revenue, which excludes reimbursements, also rose 17%, to $7.07 billion, coming in above the company's September forecast, which called for $6.8 billion to $7 billion. Operating margin edged up to 13.9% from 13.7%. Accenture's products arm--which includes automotive, consumer goods and services--posted a 20% sales increase, as did its communications, media and technology group. The financial services segment reported 14% revenue growth. Geographically, revenue jumped 28% in the Asia Pacific region and 17% in the Americas. It rose 14% in Europe, the Middle East and Africa. Accenture also lowered its full-year earnings forecast by 4 cents to between $3.76 and $3.84 a share, an adjustment that reflected revised expectations for the effect of foreign-exchange rates. For the second quarter, the company forecast a net revenue result between $6.5 billion and $6.8 billion, assuming a negative foreign-exchange impact of about 1%. Analysts polled by Thomson Reuters were expecting $6.59 billion. Shares fell 53 cents to $55.60 after hours Thursday. The stock has climbed 16% this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Accenture (ACN)
DateTimeHeadline
05/28/201508:03:00Accenture Positioned as a Leader in IDC MarketScape: Worldwide...
05/22/201512:58:21Norman Broadbent Chairman Retires After Full-Year Loss Widens...
05/22/201512:18:00National Association of Subrogation Professionals Selects Accenture...
05/22/201503:39:20Norman Broadbent Chairman Retires; Earnings Rise
05/21/201512:19:00Accenture Delivers International Prospectus for North West Bus...
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201516:50:03Statement of Changes in Beneficial Ownership (4)
05/19/201516:50:03Statement of Changes in Beneficial Ownership (4)
05/19/201516:49:36Statement of Changes in Beneficial Ownership (4)
05/19/201516:49:12Statement of Changes in Beneficial Ownership (4)
05/19/201516:48:43Statement of Changes in Beneficial Ownership (4)
05/19/201516:48:43Statement of Changes in Beneficial Ownership (4)
05/19/201516:48:19Statement of Changes in Beneficial Ownership (4)
05/19/201516:48:19Statement of Changes in Beneficial Ownership (4)
05/19/201516:47:52Statement of Changes in Beneficial Ownership (4)
05/19/201516:47:27Statement of Changes in Beneficial Ownership (4)
05/19/201516:47:27Statement of Changes in Beneficial Ownership (4)
05/19/201516:47:00Statement of Changes in Beneficial Ownership (4)
05/19/201516:46:34Statement of Changes in Beneficial Ownership (4)
05/19/201516:46:34Statement of Changes in Beneficial Ownership (4)

Accenture and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad