Tags: consulting | Accenture | Obamacare | enrollment

Accenture Revenue Misses Estimates on Lower Consulting Demand

Thursday, 27 Mar 2014 07:21 AM

Accenture Plc, recently chosen as the lead contractor for the Obamacare enrollment website, reported a smaller-than-expected 1 percent rise in quarterly revenue due to lower demand in its consulting business.

Accenture's net income fell to $722.3 million, or $1.03 per share in the second quarter ended Feb. 28, from $1.19 billion, or $1.65 per share, a year earlier.

Revenue before reimbursements increased 1 percent to $7.13 billion.

Analysts on average were expecting revenue of $7.21 billion, according to Thomson Reuters I/B/E/S.

The company's consulting revenue fell 1 percent, while revenue from the smaller outsourcing business rose 4 percent.

© 2017 Thomson/Reuters. All rights reserved.

   
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Accenture Plc, recently chosen as the lead contractor for the Obamacare enrollment website, reported a smaller-than-expected 1 percent rise in quarterly revenue due to lower demand in its consulting business.
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2014-21-27
Thursday, 27 Mar 2014 07:21 AM
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