Historical Stock Chart
3 Months : From Nov 2019 to Feb 2020
By Dave Sebastian
Accenture PLC (ACN) reported higher first-quarter profit as sales rose, beating analysts' expectations.
For the quarter ended Nov. 30, the company posted net income of $1.36 billion, or $2.09 a share, compared with $1.28 billion, or $1.96 a share, in the comparable quarter last year. Analysts polled by FactSet were expecting earnings of $1.98 a share.
Revenue was $11.36 billion, compared with $10.61 billion in the year-ago period. Analysts were looking for $11.15 billion.
New bookings for the quarter were $10.3 billion, comprising $6 billion in consulting bookings and $4.3 billion in outsourcing bookings.
Accenture last week said it is buying the data-consultancy company Clarity Insights, a deal that will grow the company's applied intelligence business.
Write to Dave Sebastian at email@example.com
(END) Dow Jones Newswires
December 19, 2019 07:19 ET (12:19 GMT)
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