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Accenture revenue rises on strong consulting growth

Net revenue, or revenue before reimbursements, rose to $7.95 billion in the second quarter ended Feb. 29 from $7.49 billion.

, ET Bureau|
Last Updated: Mar 24, 2016, 05.08 PM IST
Accenture raises FY16 revenue forecast
MUMBAI: Accenture said its second-quarter revenue rose 6% year-over-year and the IT and consulting company raised its full-year revenue guidance.

For the FY16, Accenture raised its revenue growth target to 8-10% in local currency, up from 6-9% previously. The full-year outlook assumes a foreign exchange impact of negative 5% compared with FY15.

For its fiscal third quarter, the company expects revenue of $8.10-$8.35 billion.

"With 12% revenue growth in local currency, we gained significant market share. We also generated excellent new bookings, expanded operating margins and delivered outstanding earnings per share," Pierre Nanterme, CEO of Accenture, said in a statement.

For the quarter ended February 29, Accenture's revenue jumped 6% to $7.9 billion. Accenture also reported earnings-per-share of $2.08, which includes a 74 cent gain from the sale of its Navitaire unit.

The company's operating margin expanded 10 basis points year-over-year to 13.7%.

The company's utilization stood at 90% for the quarter. Accenture's headcount was about 373,000 at the end of February.

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