Enter multiple symbols separated by commas

Accenture First-Quarter Earnings Climb

Accenture , a management and technology consulting company, on Wednesday reported a more than 32% jump in fiscal first-quarter net income and a nearly 14% increase in sales, both surpassing Wall Street's expectations.

Quarterly net income of $284.2 million, or 46 cents a share, compared with $214.9 million, or 36 cents a share, last year. Net sales rose to $4.75 billion from $4.17 billion last year.

Analysts polled by Thomson Financial, on average, expected profit of 42 cents a share on sales of $4.51 billion.

The company said the increased revenue was driven by top-line performance from its financial services, products and resources operating groups. Consulting and outsourcing net revenue also had double-digit increases, and new bookings of $5.5 billion were comprised of $3 billion from consulting and $2.5 billion from outsourcing.

Looking ahead, Accenture said it expects net sales for the second quarter to be between $4.6 billion and $4.8 billion, above Wall Street estimates of $4.49 billion.

For the full fiscal year, Accenture raised its profit outlook by 3 cents a share to between $1.80 and $1.85 a share. Analysts forecast earnings of $1.83 a share, according to a Thomson poll.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.