Higher operating costs helped eat into consulting and outsourcing service provider Accenture's  (ACN) - Get Report second quarter profits. The company's stock fell more than 3% in morning trading Thursday after the company reported second quarter earnings of $1.33 per share that was ahead of analysts' expectations by three cents, but well below last year's total of $2.08 per share. 

Revenue for the period rose 4.7% to $8.32 billion, just shy of analysts' $8.34 billion expectations. 

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