New York (Oct. 13, 2003) -- Buoyed by a reduced tax rate, consulting giant Accenture post fourth-quarter profits of $120.5 million for the period ended Aug. 31, vs. net income of $38 million for the year-ago fourth-quarter.
The former Andersen Consulting said that in addition to the lower tax provision which reduced the fourth-quarter tax rate to 31 percent, last year’s fourth-quarter was impacted by a number of impairments including an $11 million consolidation charge and a loss on investments of about $15 million.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access