Accenture Tops 1Q Expectations

Date : 12/19/2019 @ 12:34PM
Source : Dow Jones News
Stock : Accenture Plc (ACN)
Quote : 211.89  -2.01 (-0.94%) @ 1:00AM
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Accenture Tops 1Q Expectations

Accenture (NYSE:ACN)
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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 dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

December 19, 2019 07:19 ET (12:19 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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