Accenture(ACN Quote) beat the Street's second-quarter expectations and guided higher for the rest of its fiscal year.
The information technology services company said Tuesday that net income for the quarter ended Feb. 28 rose to $408 million, or 47 cents a share, from $102.3 million, or 11 cents a share, a year earlier. Revenue excluding reimbursements rose to $4.75 billion from $4.1 billion a year ago. A Thomson Financial survey of analysts had expected, on average, that the company would earn 42 cents a share on $4.69 billion in revenue. Consulting and outsourcing revenue both grew by double digits in U.S. dollars, Accenture said. For its current third quarter, Accenture expects revenue of $4.9 billion to $5.1 billion, above analysts' expectation of $4.87 billion. For the full year, Accenture said it now expects revenue growth will be at the high end of its current estimate of 9% to 12% in local currency. EPS is now expected to be $1.88 to $1.93, up from its previous range of $1.80 to $1.85. Analysts were expecting the company to earn $1.87 a share on revenue of $18.82 billion for fiscal 2007. Shares of Accenture rose 2.3% in after-hours trading to $37.04.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














