Outsourcing fuels Accenture growth

A 9% increase in outsourcing sales boosted Accenture's Q2 revenues by 3.8% to $7.06bn

Boosted by a 9% increase in outsourcing sales, Accenture's revenues reached $7.06bn in its latest three-month financial period, a 3.8% increase on the same period a year ago.

While consulting sales dropped by 1% and the Euro crisis meant flat growth in Europe, Accenture’s outsourcing operation and its Americas region performed well in its second financial quarter of 2013.

Total outsourcing sales reached $3.31bn for the three-month period, following the 9% increase, but Accenture said the break-up of large projects into smaller pieces resulted in lower consulting revenues of $3.75bn.

Profit for the period increased to $1.18bn, compared with $704m during the same period last year. This included a one-off benefit of $224m

“We saw very strong demand for our services, with $9.1bn in new bookings, including record consulting bookings," said Accenture CEO Pierre Nanterme. "Our revenue growth was within our guided range for the quarter, including a 10% local-currency increase in outsourcing.” 

Consulting bookings in the quarter were worth $4.4bn, while outsourcing bookings amounted to $4.7bn.

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