Accenture Posts Q1 Earnings

Buoyed by increases in consulting and outsourcing revenue streams, consulting giant Accenture posted a 12 percent rise in systemwide revenues, to $4.17 billion for its first quarter of fiscal 2006, ended November 30.
The former Andersen Consulting said that earnings rose more than 9 percent, to roughly $215 million, compared to its year-ago fiscal first quarter.
Accenture revealed that consulting net revenues hit $2.58 billion, an 8 percent rise over the year-ago first quarter, while outsourcing revenues approached $2 billion, a jump of 18 percent.

In a regional performance breakdown, Accenture said that revenues in the Americas rose 19 percent, to $1.86 billion, in Europe, the Middle East and Africa, revenues hit $2.01 billion, a 5 percent climb; and it recorded a 14 percent spike in its Asia-Pacific region, with revenues of $303 million.

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