Accenture profits slashed by write-downs

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New York - Accenture’s net income for its second quarter plummeted by 87 percent due to investment writedowns, the company announced.
  The consulting company’s net income of $10 million, or two cents per share for the period ending Feb. 28 was down $70 million from the same quarter last year, when it posted net income of $80.9 million, or 20 cents per share.
  The writedowns included a $211 million loss from investments and minority interests.
  The Bermuda-based company wasn’t rosy about its prospects going forward, either. While it forecasts some improvement in its business over the next few quarters, it sees "the overall economic recovery moving very slowly across different industries and geographic regions."

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