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Accenture Earnings Drop

|Includes:Accenture plc (ACN)

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Accenture plc (NYSE:ACN) announced its financial results for the second quarter of fiscal year 2014, reporting earnings that dropped from a year ago. The consultancy and technology outsourcing company posted earnings of $671.3M and $1.03 per share, down from $1.10B and $1.65 per share in the year-ago quarter. When excluding one-time benefits from a year ago, earnings per share increased from $1.00 to $1.03, just short of analyst expectations at $1.04 per share. Net revenues missed $7.21B analyst expectations at $7.13B, down from $7.06B last year. Net revenues from the company's largest segment, Consulting, fell 1% to $3.70B while its second-largest segment, Outsourcing, rose to $3.43B. Chairman and CEO Pierre Nanterme commented that the company performed within expectations during the quarter, with strong demand for the company's services.

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Stocks: ACN