Accenture Q2 revenue rises 1%; net income falls
May 27, 2014
Accenture Plc (NYSE: ACN) net revenue rose 1 percent in its fiscal second quarter ended Feb. 28 to $7.13 billion. The increase was 3 percent in local currency. Accenture is a global consulting, technology and business process outsourcing provider.
Net income fell 39.2 percent to $722.3 million from $1.19 billion in the year-ago quarter. The second quarter of the previous year included the favorable impacts of a $224 million reorganization benefit and $243 million from final determinations of prior-year tax liabilities.
Net revenue
| Q2 2014 ($000s)
| Q2 2013 ($000s)
| % growth
|
Net revenue
| $7,130,667
| $7,058,042
| 1.0%
|
Net revenue by operating group
| Q2 2014 ($000s)
| Q2 2013 ($000s)
| % growth
| % local currency
|
Communications, media & technology
| $1,408,616
| $1,411,489
| —
| 2%
|
Financial services
| $1,563,655
| $1,508,865
| 4%
| 5%
|
Health & public service
| $1,183,728
| $1,192,698
| -1%
| 1%
|
Products
| $1,745,515
| $1,680,719
| 4%
| 5%
|
Resources
| $1,224,897
| $1,251,874
| -2%
| —
|
Other
| $4,256
| $12,397
| nm
| nm
|
Net revenue by geography
| Q2 2014 ($000s)
| Q2 2013 ($000s)
| % growth
| % local currency
|
Americas
| $3,361,579
| $3,279,776
| 2%
| 4%
|
EMEA
| $2,861,214
| $2,800,359
| 2%
| —
|
Asia Pacific
| $907,874
| $977,907
| -7%
| 4%
|
Gross margin
| Q1 2014
| Q1 2013
|
Gross margin
| 31.3%
| 31.6%
|
Net income
| Q2 2014 ($000s)
| Q2 2013 ($000s)
| % growth
|
Net income
| $722,331
| $1,187,098
| -39.2%
|
Share price and market cap
Shares in Accenture rose 0.15 percent in early afternoon trading to $79.91, according to Yahoo! Accenture has a market cap of $50.59 billion.