Accenture reports net revenue increase to US$7.2bn
Strong growth in outsourcing revenues helped push net revenues up 6pc to US$7.2bn at global management consulting, technology services and outsourcing company Accenture.
The company reported financial results in line with its guided range for the third quarter of fiscal 2012, ended 31 May 2012.
Net revenues reached US$7.2bn, marking an increase of 6pc over the same period last year.
Diluted earnings per share amounted to US$1.03, showing an increase of US$0.10 over the year-ago period, driven principally by higher revenue and operating results.
Operating income totalled US$1.06bn, a boost of 12pc over the same time last year, and operating margin hit 14.8pc, compared with 14.1pc for the year-ago period.
New bookings for the quarter reached US$7.29bn, with consulting bookings of US$4.05bn and outsourcing bookings of US$3.24bn.
"We are pleased with our third-quarter performance," said Pierre Nanterme, Accenture's chief executive officer.
"Our revenue growth in local currency was broad-based across all five operating groups and all three geographic regions, with particularly strong growth in outsourcing revenues. Quarterly new bookings of US$7.29bn took us to US$23bn for the first three quarters of the year, positioning us very well to achieve our annual outlook. Our balance sheet remains very strong, with a cash balance of US$5.6bn."
Nanterme added that the company's diversified portfolio of business continues to position it well to drive profitable growth and deliver value to its clients and shareholders.