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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Accenture reports strong quarterly results AFP - 51 minutes ago WASHINGTON (AFP) - - Technology consulting company Accenture shrugged off the slowing economy and reported strong results on Thursday for the first quarter of its fiscal year. But the global management consulting, technology services and outsourcing company lowered its forecast for the remainder of the fiscal year because of the negative impact of exchange rates. Accenture reported a net profit of 593 million dollars for the September-November quarter, up 17 percent from the same period a year ago. Diluted earnings per share were 74 cents, an increase of 24 percent from the 60 cents of a year ago and far above the 67 cents forecast by analysts. Accenture reported revenue of 6.02 billion dollars for the quarter, up six percent in US dollars and nine percent in local currency over the same period last year. "We're very pleased with our strong first-quarter performance, especially given the macro-economic environment," Accenture chairman and chief executive William Green said in a statement. "Demand patterns are changing but remain very active and positive looking forward. "We are revising our business outlook for the rest of the year primarily to reflect changing foreign-currency assumptions," he said. "We are also making a modest and prudent adjustment to our revenue outlook given overall market uncertainty." Accenture said consulting revenue for the quarter was 3.66 billion dollars, an increase of six percent in dollars, while outsourcing revenue rose seven percent to 2.36 billion dollars. Accenture said new bookings for the first quarter were 5.80 billion dollars and it expects new bookings of 24-27 billion dollars for the entire year, down from the previous 26-29 billion dollars. It said it now expects diluted earnings per share for the full fiscal year to be in the range of 2.78 dollars to 2.85 dollars, down from the previous 2.85 dollars to 2.93 dollars. "Accenture is revising its outlook for the remainder of fiscal 2009 primarily to reflect changing foreign-currency assumptions," it said. "The company is also making a modest adjustment to its outlook for net revenue growth for the year, given continued market uncertainty." In after-hours trading in New York, Accenture gained 2.76 percent to 31.25 dollars. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology Accenture reports strong quarterly resultsAFP - 51 minutes ago RIM net profit, revenue up in third quarterAFP - 53 minutes ago Wireless carriers boost networks for Obama inaugurationAFP - 2 hours 14 minutes ago US firms join forces to build lithium ion batteries for carsAFP - Friday, December 19 China court orders compensation in Internet harassment caseAFP - Friday, December 19 Enlarge Photo Chairman and chief executive officer of consulting and technology company Accenture, William Green, speaks during a press conference in April 2008. Technology consulting company Accenture shrugged off the slowing economy and reported strong results on Thursday for the first quarter of its fiscal year. Most Popular – Technology Viewed Actress Jennifer Aniston appears naked in GQ magazine 'Dark energy' expands, contracts universe: researchers US doctors hail near-total face transplant Dollar dives to 13-year low against yen after Fed cut Chrysler halts manufacturing as clock ticks on gov't bailout View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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