UPDATE: Accenture FQ2 Profit Surges 71%
Accenture PLC (NYSE: ACN) reported a 71% rise in its fiscal second-quarter earnings.
Accenture expects current-quarter revenue of $7.25 billion to $7.5 billion, versus analysts' estimates of $7.6 billion.
Accenture's quarterly profit surged to $1.1 billion, or $1.65 per share, from $643.9 million, or $0.97 per share, in the year-ago period. Excluding one-time items, it earned $1 per share, beating analysts' estimates of $0.97 per share.
Its revenue climbed 3.2% to $7.49 billion. The company had earlier projected revenue of $6.9 billion to $7.15 billion.
Its gross margin rose to 31.6% from 31.1%.
Accenture shares dropped 2.51% to $73.00 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.