Accenture Predicts 2010 Recovery After Profit Fall - Companies * US * News * Story

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?
The Many Myths of Coca-Cola
Can you tell which statements are true, and which ones are just rumors?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

Accenture Predicts 2010 Recovery After Profit Fall

Published: Thursday, 1 Oct 2009 | 5:21 PM ET

Text Size

By: Reuters

Technology outsourcing and consulting firm Accenture reported a fall in quarterly profit Thursday, but gave a stronger-than-expected outlook for the fiscal year that began in September, supporting the view that corporate spending was recovering.

Accenture's [ACN Loading... () ] diluted net income for its fiscal fourth quarter ended Aug. 31 fell to $301.4 million, or 39 cents a share, from $543.1 million, or 67 cents a share, in the year-ago period.

RELATED LINKS

Earnings Roundup: Oct. 1

Excluding restructuring charges, earnings fell to 63 cents a share, which was in line with the average analyst forecast according to Reuters Estimates.

For fiscal 2010, the company forecast earnings per share of $2.64 to $2.72, compared with $2.44 in the previous year. Analysts had expected $2.75, according to Reuters Estimates.

Accenture has fared relatively well amid a global economic slowdown due to solid demand for its outsourcing services, but many customers have been slowing the pace of ongoing projects and deferring large commitments to consulting projects.