New York (July 16, 2003) -- Powered by a 35-percent gain in outsourcing services, consulting giant Accenture reported a 15-percent rise in third-quarter earnings, to $132.1 million, vs. the same period of one year ago.
The Bermuda-based company said outsourcing services accrued some $944 million of Accenture’s third-quarter net revenues of $3.04 billion, or 31 percent.
However, the company said that third-quarter consulting revenue dipped roughly 8 percent, to about $2 billion.
Accenture also disclosed that an as-yet-unidentified country in its Middle East practice had a possible violation of the Foreign Corrupt Practices Act, which prohibits companies from bribing government officials of international countries.
In a conference call, Accenture chief executive Joe Forehand told analysts that the company was conducting an internal investigation on the matter.
For the nine-month period, Accenture reported profits of $377.7 million, vs. earnings of $206.7 million for the year-ago third quarter. Meanwhile, net revenues were flat at $8.8 billion.
-- WebCPA staff
