Accenture's Q3 Americas revenues rise 16%

- Friday, June 24, 2011

Accenture's Q3 Americas revenues rise 16%

US consulting and technology services firm Accenture (NYSE: ACN) saw its Americas division revenues increase 16% year-over-year in US dollar terms during the fiscal third quarter, ended May 31, reaching US$2.9bn, the company said in a statement.

Global net revenues increased 21% year-over-year to US$6.7bn, beating out previous projections of US$6.3bn. Net profits reached US$699mn, representing a 24% jump over fiscal 3Q10 results.

New bookings for the quarter were US$7.1bn, with consulting bookings of US$3.7bn and outsourcing bookings of US$3.4bn.

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Accenture expects net revenues for fiscal 4Q11 to be in the range of US$6.4bn-6.6bn. This range assumes a foreign-exchange impact of positive 8% compared to the fourth quarter of fiscal 2010.

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