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Accenture revenue rises 2%

December 20 2013

Accenture plc reported revenue rose 2 percent to $7.36 billion in its fiscal first quarter ended Nov. 30. Growth at the management consulting, technology services and outsourcing firm came from its outsourcing business line where revenue rose 5 percent for a total of $3.42 billion. Revenue fell 1 percent in the company’s consulting business to $3.94 billion.

By geography, revenue rose 3 percent in the Americas to $3.43 billion and also rose by 3 percent in Europe, the Middle East and Africa to $2.92 billion. On the other hand, revenue fell by 6 percent in the Asia Pacific region to $1.00 billion. Asia Pacific revenue, however, rose by 5 percent when measured in local currency.

Net income rose to $811.6 million, up 6 percent from $766.0 million in the first quarter of the previous year.

“First-quarter results were in line with our expectations, with revenue growth at the top of our guided range as well as strong new bookings, which positions us well for the fiscal year,” said Accenture Chairman and CEO Pierre Nanterme. “We were pleased with our ability to continue driving profitable growth — including an 8 percent EPS increase — in a global economic environment that remains challenging.”

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