Products
Accenture raises revenue growth forecast for second time
Publish Time: 27/03/15  

The company also reported higher-than-expected quarterly profit and revenue on Thursday, helped by growth in outsourcing revenue from North American clients.

 

Accenture's shares rose 3 percent in premarket trading on Thursday.

 

Revenue in the company's outsourcing business, which accounts for almost half its total revenue, rose 6 percent in U.S. dollar terms in the second quarter, while revenue in its consulting business grew 4 percent.

 

Accenture said it expected revenue to grow 8-10 percent on a local-currency basis in the year ending August.

 

The company had raised its revenue growth forecast to 5-8 percent in December from 4-7 percent it forecast initially.

 

Accenture, however, cut the top end of its full-year earnings forecast range, saying it expected the negative impact of a strong dollar to be higher than previously anticipated.

 

Accenture, which gets a little more than half of its revenue from outside North America, narrowed its profit forecast range to $4.66-$4.76 per share from $4.66-$4.80.

 

The company's net income rose to $743.2 million (497 million pounds), or $1.08 per share, in the quarter ended Feb. 28 from $722.3 million, or $1.03 per share, a year earlier.

 

Net revenue rose 5 percent to $7.49 billion.

 

Analysts on average had expected a profit of $1.07 per share and revenue of $7.38 billion, according to Thomson Reuters I/B/E/S.

 

Accenture's shares were trading at $91 before the bell.

 

 

[Source: http://www.sbs.com.au]

Powered By OLEBIZ, the leading eBusiness solution provider.