Outsourcing plays key role in Accenture's increased revenues and EPS
Outsourcing plays key role in Accenture's increased revenues and EPS
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Accenture reported that net revenues for the first quarter of fiscal 2006, ended Nov. 30, 2005, were $4.17 billion, a 12 percent increase over the same period last year. Diluted earnings per share were $0.36, an increase of 20 percent on an options-adjusted basis.
Booming sales of outsourcing services helped drive Accenture's first quarter gains. The company said sales of application development, infrastructure management, and other IT and business services rose 18%. Outsourcing services now account for over a third of Accenture's total revenues. Consulting sales, which account for just under two-thirds of Accenture's total revenues, increased 8%.
William D. Green, Accenture’s CEO, said, "We turned in another strong performance in the first quarter, achieving our highest quarterly net revenues ever, with growth in both U.S. dollars and local currency across all five operating groups and all three geographic regions. Given that we recorded $5.54 billion in new bookings, our highest in seven quarters, we feel confident that we are on the right trajectory to achieve our revenue goal for the year."
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