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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Accenture Earnings Drop 0 comments
    Mar 27, 2014 11:30 AM | about stocks: ACN

    Originally published at www.seclive.com

    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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: ACN
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