Hamilton, Bermuda (April 16, 2003) - Consulting giant Accenture Ltd., reported second-quarter earnings of $118.7 million, vs. net income of $10.6 million for the same period of one year ago.

Second-quarter operating income slid some 5.2 percent, to $368 million compared with $388 million for the second quarter of last year.

Accenture, the former Andersen consulting said last year’s earnings were impacted by a $210.5 million write-down on investments.

Revenue for the second period dipped 3 percent, to $2.83 billion.

In March, Accenture laid off about 760 employees, or 1 percent of its work force.

-- WebCPA staff

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