Accenture Beats Estimates
First-quarter profit jumped at Accenture (ACN) - Get Accenture plc Class A (Ireland) Report as revenue grew 14%.
The information technology outsourcing firm said Wednesday that net income for the quarter ended Nov. 30 grew to $284.2 million, or 46 cents a share, from $214.9 million, or 36 cents a share, a year earlier.
A Thomson First Call consensus estimate expected earnings of 42 cents a share in the first quarter.
Revenue grew to $5.17 billion from $4.54 billion a year earlier, blowing past First Call's estimate of $4.51 billion.
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Shares of Accenture rose 1.9% in recent after-hours trading to $35.75.
Accenture said consulting net revenue rose 13% to $2.91 billion; outsourcing net revenues rose 16% to $1.84 billion.
For the second quarter, Accenture expects revenue of $4.6 billion to $4.8 billion, above First Call's estimate of $4.49 billion.
For the full fiscal year, Accenture raised its EPS outlook to between $1.80 and $1.85 from $1.77-$1.82.
