views

Accenture is upbeat after quarterly revenues escalate

City A.M. Reporter
CONSULTANCY firm Accenture has reported higher-than-expected quarterly results as a recovering economy encouraged companies to invest again.

Accenture’s revenue for the third quarter ending 31 May rose to $5.5bn (£3.6bn) from $5.1bn a year earlier.

Accenture’s quarterly net income also rose to $564m from $537m.

Revenue from consulting, an area that was particularly hit during the economic downturn, rose nine per cent from a year earlier to $3.2bn.

Accenture forecasted fourth-quarter revenue of $5.1bn to $5.3bn, below Wall Street’s average forecast.
“While there are still pockets of uncertainty in the global economy, we continue to see momentum,” said chief executive William Green.