Hamilton, Bermuda (Oct. 11, 2002) -- Consulting concern Accenture Ltd. reported an 11-percent dip in fourth-quarter profits, to $38.1 million versus the year-ago quarter for the period ended Aug. 31.

 

Accenture cited an $11 million charge for real-estate consolidation of excess office space. Meanwhile, system-wide revenue slipped to $3.08 billion, versus $3.15 billion for the same period one year ago.

 

Accenture, formerly known as Andersen Consulting, split off from former auditing parent Arthur Andersen in 2000.

 

In July, Accenture said it would implement a 1 percent reduction in managerial workforce.

 

-- Electronic Accountant Newswire staff

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