Bloomberg News

Accenture Raises Full-Year Forecast as Consulting Climbs

June 23, 2011

June 23 (Bloomberg) -- Accenture Plc, the world’s second- largest technology-consulting company, raised its full-year revenue and earnings forecasts on a surge of new bookings. The shares rose in late trading.

Revenue will grow 14 percent to 15 percent this year, compared with a prior projection of 11 percent to 14 percent, the company said today in a statement. Earnings will be $3.36 to $3.40, up from $3.22 to $3.30.

In the third quarter ended May 31, net revenue surged 21 percent to $6.7 billion helped by higher sales from the consulting, the company’s biggest unit. Net income rose was $628 million from $490.6 million a year earlier. Profit was 93 cents a share, up from 73 cents. Analysts in a Bloomberg survey had projected 90 cents.

“Our focus remains on driving sustainable and profitable growth through technology leadership and industry differentiation,” Chief Executive Officer Pierre Nanterme said in the statement.

Accenture climbed as high as 3.3 percent to $57.50 in late trading. The shares rose 44 cents to $55.69 at 4 p.m. on the New York Stock Exchange. The stock had climbed 15 percent this year.

--Editors: Lisa Rapaport, Peter Elstrom

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net


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