Accenture tops expectations as fees increase

ACCENTURE yesterday reported record annual revenue figures as its core consulting business returned to growth after a year of decline.

The company saw income of $28.6bn (£17.86bn) for the twelve months ending 31 August, an increase of three per cent on the previous year.

Net income for the period hit $3.55bn, up from $2.82bn. This was largely due to the benefits from reduced tax bills and fewer charges relating to reorganisation liabilities.

However, the company’s shares fell after Accenture said it expects revenue for the next quarter to be around the $7bn mark – below market expectations.

“Going forward, we remain focused on investing to further differentiate our industry, technology and business process capabilities, particularly in digital marketing, mobility, analytics and cloud,” said Pierre Nanterme, Accenture’s chairman and chief executive.

“We are confident that by capturing new growth opportunities and further enhancing our competitiveness, we will continue to deliver value for our clients and shareholders.”