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Accenture plc (NYSE: ACN) net revenue rose 4 percent in its fiscal fourth quarter ended Aug 31 to $7.1 billion. The increase was 4 percent in local currency as well. Accenture is a global consulting, technology and business process outsourcing provider.
Consulting net revenue rose 2 percent to $3.8 billion in the fourth quarter compared to the same period last year. The increase was 3 percent in local currency. Outsourcing revenue rose 6 percent in U.S. dollars to $3.3 billion.
Accenture’s gross margin improved to 33.2 percent in the fourth quarter from 32.8 percent in the fourth quarter of last year.
Fourth-quarter net income rose 14 percent to $727 million.
Full-year net revenue rose 4 percent to $28.6 billion. The increase was 4 percent in local currency. Gross margin improved to 32.9 percent in the full year from 32.3 percent in the previous year. Net income was $3.55 billion compared to $2.82 billion in the previous year. It includes the benefit from $274 million from reductions in reorganization and liabilities and $243 million from final determinations of prior-year U.S. federal tax liabilities.