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Accenture Beats Forecasts
Updated from 4:57 p.m. EDT
SAN FRANCISCO -- Consulting and outsourcing giant Accenture (ACN Quote) beat fourth-quarter revenue and profit targets, downplaying concerns about a slowing economy and the strength of its financial services clients.
Accenture reported Thursday that net income fell to $317 million, or 50 cents a share, from $346 million, or 56 cents a share a year earlier, because of a tax gain in 2006.
Adjusting for the tax gain, Accenture earned 50 cents a share, beating analysts' average estimate of 48 cents, according to Thomson Financial. ...
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