Reuters: Technology News: Accenture revenue misses estimates on lower consulting income

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Accenture revenue misses estimates on lower consulting income Jun 27th 2013, 20:20 Tweet Share this Email Print Related News Carnival CEO stepping down after 34 years, staying as chairman Tue, Jun 25 2013 Cheaper menu, promotions work for Olive Garden parent Fri, Jun 21 2013 CarMax shifts into high gear as used-car sales jump Fri, Jun 21 2013 Jane's publisher IHS misses revenue estimates, stock down Thu, Jun 20 2013 REFILE-Jane's publisher IHS misses second-quarter revenue estimates Thu, Jun 20 2013 Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona, February 26, 2013. Credit: Reuters/Albert Gea Thu Jun 27, 2013 4:20pm EDT (Reuters) - Outsourcing and consulting services provider Accenture Plc reported lower-than-expected quarterly revenue as consulting income dropped 2 percent. Accenture shares were down 4 percent in extended trading. Net income rose to $874.1 million, or $1.21 per share, in the third quarter, from $762.8 million, or $1.03 per share, a year earlier. Excluding items, the company earned $1.14 per share. Net revenue rose 0.6 percent to $7.2 billion. Analysts on average had expected earnings of $1.13 per share on revenue of $7.42 billion, according to Thomson Reuters I/B/E/S. Consulting net revenue was $3.9 billion. Shares closed at $80.22 on the New York Stock Exchange on Thursday. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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