Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona, in this February 26, 2013, file photo.
Credit: /Albert Gea/Files
- Consulting and outsourcing company Accenture Plc raised its full-year revenue growth forecast for the second time as it won more business, mainly in its outsourcing unit, from companies looking to cut costs.
The company also reported higher-than-expected quarterly profit and revenue on Thursday, helped by growth in outsourcing revenue from North American clients.
Accenture's shares rose 3 percent in premarket trading on Thursday.
Revenue in the company's outsourcing business, which accounts for almost half its total revenue, rose 6 percent in U.S. dollar terms in the second quarter, while revenue in its consulting business grew 4 percent.
Accenture said it expected revenue to grow 8-10 percent on a local-currency basis in the year ending August.
The company had raised its revenue growth forecast to 5-8 percent in December from 4-7 percent it forecast initially.
Accenture, however, cut the top end of its full-year earnings forecast range, saying it expected the negative impact of a strong dollar to be higher than previously anticipated.
Accenture, which gets a little more than half of its revenue from outside North America, narrowed its profit forecast range to $4.66-$4.76 per share from $4.66-$4.80.
The company's net income rose to $743.2 million, or $1.08 per share, in the quarter ended Feb. 28 from $722.3 million, or $1.03 per share, a year earlier.
Net revenue rose 5 percent to $7.49 billion.
Analysts on average had expected a profit of $1.07 per share and revenue of $7.38 billion, according to Thomson I/B/E/S.
Accenture's shares were trading at $91 before the bell.
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