This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Accenture Beats Estimates

Accenture also was bullish about its forays in off-shoring, citing a win against Indian outsourcing leaders Infosys (INFY - Get Report), Wipro (WIT - Get Report) and Tata Consulting Services.

Concerns about off-shoring cannibalizing other business and eating away margins have weighed on IT services firms such as Accenture. But Accenture and some analysts argue that outsourcing work to India extends the company's business in areas that it would not have sought otherwise.

Accenture ended the quarter with 16,500 employees in India, up from about 16,000 at the end of the previous quarter and out of a total workforce of 126,500.

Accenture reported a 12.3% first-quarter GAAP operating margin, up from 11.4% on an options-adjusted basis a year ago. The company's gross margin was 31.7%, compared with 32.6% a year ago on a GAAP basis and 31.8% on an options-adjusted basis.

Shares of Accenture recently climbed 87 cents, or 2.9%, to $30.55 in after-hours trading after closing up 22 cents, or 0.8%, at $29.68.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ACN $115.54 1.30%
INFY $18.40 -0.03%
WIT $11.85 0.34%
AAPL $92.69 -0.59%
FB $119.49 1.43%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs