New York (July 13, 2004) -- Citing improvements in each of its operating groups, and double-digit increases in its core consulting and outsourcing services, global consulting concern Accenture Ltd. posted a 59 percent rise in third-quarter profits, to $210.4 million versus the year-ago period.
The Bermuda-based company said that revenues for the quarter ended May 31 rose roughly 18 percent, to $4.05 billion. The former Andersen Consulting said that results for the period were spearheaded by a 13 percent hike in consulting revenues, to $2.33 billion, and a 37 percent spike in quarterly outsourcing revenue, to $1.36 billion, versus results from its 2003 third quarter.
Within its five operating groups, Accenture’s government unit reported a 31 percent jump in net revenue, to $547.6 million.
For the nine-month period, net income rose 34 percent, to $508 million, while revenues rose 14 percent, to $11.3 billion.
-- WebCPA staff
