This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Accenture's Profit Climbs

Updated from 4:41 p.m. EDT SAN FRANCISCO -- Profit at Bermuda-based Accenture (ACN - Get Report) took a big jump during its third quarter, the company reported Thursday.

Net income rose 36% to $469 million, or 74 cents, a share, from $345 million, of 54 cents a share, in the year-ago quarter. Analysts were expecting EPS of 69 cents.

Revenue at the technology consulting and outsourcing firm grew 19.6% to $6.1 billion from $5.1 billion in the same quarter of last year. Analysts polled by Thomson Reuters were looking for $5.9 billion.

Shares were up 15 cents, or 0.4%, to $39 in extended trading.

Gross margin fell to 31.5% in the quarter, from 31.7% a year earlier. New bookings were $6.8 billion, compared to $6.2 billion one year ago.

For the fourth quarter, Accenture projected revenue ranging from $5.9 billion to $6.1 billion. The company projected full-year EPS of $2.63 to $2.65, implying fourth-quarter EPS of 65 cents to 67 cents. Analysts were expecting revenue of $5.7 billion and EPS, less items, of 65 cents.

Accenture competes in the market for high-tech integration and consulting business with IBM (IBM - Get Report) and Electronic Data Systems (EDS - Get Report), which is being acquired by Accenture business partner Hewlett-Packard (HPQ - Get Report).

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ACN $93.96 -0.22%
EDS $1.53 -1.29%
HPQ $31.49 -1.62%
IBM $160.45 -0.09%
AAPL $123.25 -0.80%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs