Accenture - News

Ticker Symbol: ACN

Accenture News - Past

Accenture posted better-than-expected Q2 earnings of $411.4 million, or $0.63/share, thanks to lower-than-expected expenses. But revenues of $5.27 billion fell short of Street estimates. Operating income rose 6% to $677 million, from $638 million in the year-ago period. Gross margins improved 1.3%.

Consulting revenues fell 9.6% quarter-over-quarter, mostly due to less system integration deals. Communications & high tech revenues dropped 10.9% year-over-year and financial services revenues declined 13.9% year-over-year. Outsourcing income fell a modest 1%.

Accenture News - Upcoming

Accenture reports Q3 earnings on June 25, 2009. On April 13th, Accenture offered in-line Q3 guidance while lowering its FY 2009 EPS. The consulting conglomerate forecasts Q3 revenues of $5.1 billion to $5.3 billion, factoring in a currency drag of about 12%. Accenture projects FY 2009 EPS of $2.60 to $2.67/share and an effective tax rate of 29% to 31%.

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