Following a resolution of a disputed overseas contract with U.K.-based National Health Service, consulting giant Accenture said fourth-quarter profits hit $346.4 million versus $229.1 million for the fourth quarter of one year ago.

Prior to releasing its fourth-quarter and year-end numbers, the former Andersen Consulting said it resolved its problems with NHS by relinquishing the $3.73 billion IT delivery contract over to Computer Sciences. Accenture said the change resulted in a revenue loss of some $339 million for the quarter.

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