Accenture raises outlook, results beat expectations

Technology outsourcing and consulting firm Accenture Ltd (ACN.N) raised its full-year outlook, saying some customers were beginning to make investment decisions after a long freeze in such plans.

And while Accenture's fiscal third-quarter profit fell due to a slower economy and a stronger U.S. dollar, the results were better than Wall Street expected and helped the shares rise 4.3 percent.

Accenture said on Thursday its profit for the quarter ended May 31 fell to $444 million, or 68 cents a share, from $469 million, or 74 cents a share, in the year-ago period.

Analysts on average had expected profit per share of 64 cents, according to Reuters Estimates.

Read Full Article from Reuters

- Posted: 2009-06-25 22:43:01

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