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Accenture revenue misses estimates on lower consulting demand

27
Mar
2014

(Reuters) – Accenture Plc, recently chosen as the lead contractor for the Obamacare enrollment website, reported a smaller-than-expected 1 percent rise in quarterly revenue due to lower demand in its consulting business. Accentures net income fell to $722.3 million, or $1.03 per share in the second quarter ended February 28 from $1.19 billion, or $1.65 per share, a year earlier. Revenue before reimbursements increased 1 percent to $7.13 billion. Analysts on average were expecting revenue of $7.21 billion, according to Thomson Reuters I/B/E/S. …

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