Management consulting and technology services firm


(ACN) - Get Report

said its third-quarter profits showed a slight increase from a year ago in what continues to be a challenging economic environment.

The company posted net income of $114 million, or 27 cents a share, up from $105 million, or 26 cents a share in the same quarter last year. Analysts polled by Thomson Financial/First Call had been looking for 26 cents.

Net revenue increased to $2.98 billion from $2.95 billion last year, while operating income was $435 million, or 14.6% of net revenue.

In a press release, Accenture said, "Given what continues to be a challenging economic situation, we are pleased that our clients continue to call on the talents of our people to design and bring about the changes necessary to improve their business performance."

Looking ahead, the company sees fourth-quarter earnings of 16 cents a share, in line with analyst estimates. For the full year, Accenture expects to earn 65 cents a share on a reported basis and 91 cents excluding charges. Analysts are looking for 90 cents, according to Thomson Financial/First Call.

Shares of Accenture closed at $15.55 Thursday before the earnings release.