Accenture In Line, Raises View

The management consultancy raises full-year guidance.
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Consulting and outsourcing revenue boosted


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third quarter, and the company raised its full-year guidance.

Though in line with analysts' consensus, the management consulting company's income dropped to 54 cents a share, from 56 cents a share a year ago, which included a $58 million reduction in reorganization liabilities.

Revenue increased 15% to $5.08 billion from $4.41 billion a year ago.

Thomson Financial analysts forecast earnings of 54 cents a share on $5.02 billion in revenue.

Consulting revenue rose to $3.08 billion, an increase of 16% over the third quarter last year.

Outsourcing revenue grew 15% to $2 billion vs. the same period last year.

For its current, or fourth, quarter, Accenture expects revenue of $4.8 billion to $5 billion, topping analysts' expectation of $4.66 billion.

CEO William Green said that "double-digit growth in both consulting and outsourcing" and new bookings of $6.2 billion "demonstrate the strong and growing demand for our services."

The company raised its full-year 2007 EPS guidance to $1.94 to $1.96 from $1.88 to $1.93. Consensus is for EPS of $1.93.

Shares of Accenture after hours recently rose 69 cents to $43.52.