Accenture Q2-2010 Fall Short, But New Bookings Assures Investors

Accenture recently reported its Q2-2010 quarterly results for the quarter ending Feb. 28, 2010 with revenues of $5.18 billion, down 2% in U.S. dollars but 8% in local currency from Q2-2009 revenue of $5.27 billion. Consulting revenues $2.93 billion, down 3% in US dollar terms and Outsourcing revenues were $2.24 billion, flat in U.S. dollar terms. Q2-2010 net income was $462 million, compared with $502 million for Q2-2009...

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Accenture Q3-2009, Big Change From Prior Quarter – Investors Love It

In March 2009, Accenture (NYSE: ACN) delivered a shock to investors when it reported revenues and EPS for Q2-2009 under what investors were generally expecting and then dialed down expectations. For Q2-2009, Accenture’s EPS was 63 cents, 1 cent better than consensus expectations of 62 cents, but revenue of $5.27 billion was far less than what Wall Street was expecting at $5.53 billion. At that time, Accenture shares sank $4.60, or 14.4 percent, to $27.36 in morning trading on Friday, March 27, 2009. Management’s Q2-2009 commentary was sobering, and talked about sudden and dramatic shifts in clients and projects...

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