Tags: Accenture | consulting | earns | outsourcing

Accenture Forecasts Earnings Topping Analysts’ Estimates

Thursday, 27 Sep 2012 05:56 PM

Accenture Plc, the world’s second- largest technology consulting company, forecast full-year earnings topping analysts’ estimates amid an increase in outsourcing bookings.

Earnings for the fiscal year ending in August will be $4.22 to $4.30 a share, Accenture said. Analysts estimated $4.13 on average.

New outsourcing bookings were $4.9 billion, or 54 percent of total bookings, during the fourth quarter ended Aug. 31, the company said in statement.

Earnings for the quarter were 88 cents a share, matching the average estimate from analysts in a Bloomberg survey. Net income fell 5.5 percent to $578.2 million million, or 88 cents a share, from $611.9 million, or 91 cents, a year earlier, the company said Thursday in a statement.

Accenture, incorporated in Dublin, gained 3.4 percent to $67.59 at 4:23 p.m. in extended trading in New York. The shares had risen 23 percent through Thursday’s close.

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Accenture, the world's second-largest technology consulting company, forecast full-year earnings topping analysts' estimates amid an increase in outsourcing bookings.
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