Accenture Third-Quarter Net Rises
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Accenture Profit Rises, Aided by Dollar
Reuters
Accenture Profit Rises, Aided by Dollar
Tuesday July 15, 6:29 am ET
NEW YORK (Reuters) - Accenture Ltd. (NYSEACNNews), one of the world's largest consulting firms, on Tuesday said quarterly earnings rose as cost-cutting and a weak U.S. dollar offset slack spending by customers on new technology projects.
For the fiscal third quarter ended May 31, the Bermuda-based company said net income rose 15 percent to $132.1 million, or 28 cents per share, from $114.5 million, or 27 cents per share, a year earlier.
In April, the company had estimated third-quarter earnings of 24 to 26 cents per share. Forecasts by 11 analysts surveyed by Reuters Research, a unit of Reuters Group Plc, ranged from 23 cents to 26 cents, with a mean of 25 cents per share.
Net revenues, before client reimbursements for travel and other expenses, rose to $3.04 billion from $2.98 billion in the third quarter of 2002.
Revenues gained 2 percent over the year-earlier third quarter. This put sales at the top end of a range the company had forecast in April, aided by a boost from the effect of translating overseas sales into U.S. dollars for reporting purposes. Without the currency boost, revenue would have fallen 5 percent if revenue were reported in local currency terms.
Accenture Profit Rises, Aided by Dollar
Tuesday July 15, 6:29 am ET
NEW YORK (Reuters) - Accenture Ltd. (NYSEACNNews), one of the world's largest consulting firms, on Tuesday said quarterly earnings rose as cost-cutting and a weak U.S. dollar offset slack spending by customers on new technology projects.
For the fiscal third quarter ended May 31, the Bermuda-based company said net income rose 15 percent to $132.1 million, or 28 cents per share, from $114.5 million, or 27 cents per share, a year earlier.
In April, the company had estimated third-quarter earnings of 24 to 26 cents per share. Forecasts by 11 analysts surveyed by Reuters Research, a unit of Reuters Group Plc, ranged from 23 cents to 26 cents, with a mean of 25 cents per share.
Net revenues, before client reimbursements for travel and other expenses, rose to $3.04 billion from $2.98 billion in the third quarter of 2002.
Revenues gained 2 percent over the year-earlier third quarter. This put sales at the top end of a range the company had forecast in April, aided by a boost from the effect of translating overseas sales into U.S. dollars for reporting purposes. Without the currency boost, revenue would have fallen 5 percent if revenue were reported in local currency terms.
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Accenture Third-Quarter Net Rises
Reuters
Accenture Third-Quarter Net Rises
Tuesday July 15, 6:08 am ET
NEW YORK (Reuters) - Accenture Ltd. (NYSEACNNews), one of the world's largest consulting firms, on Tuesday said quarterly earnings rose even as corporate customers again held back on spending for new technology projects.
For the fiscal third quarter ended May 31, the Bermuda-based company said net income rose to $132.1 million, or 28 cents per share, from $114.5 million, or 27 cents per share, a year earlier.
Net revenues, before client reimbursements for travel and other expenses, rose to $3.04 billion from $2.98 billion in the third quarter of 2002.
Accenture Third-Quarter Net Rises
Tuesday July 15, 6:08 am ET
NEW YORK (Reuters) - Accenture Ltd. (NYSEACNNews), one of the world's largest consulting firms, on Tuesday said quarterly earnings rose even as corporate customers again held back on spending for new technology projects.
For the fiscal third quarter ended May 31, the Bermuda-based company said net income rose to $132.1 million, or 28 cents per share, from $114.5 million, or 27 cents per share, a year earlier.
Net revenues, before client reimbursements for travel and other expenses, rose to $3.04 billion from $2.98 billion in the third quarter of 2002.
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