Accenture Q3 revenue highlights

Accenture revenue increased 1 percent to $7.2 billion for the third quarter of fiscal 2013, ended May 31, 2013.

Net income decreased to $874 million from $763 million.

Operating income for the quarter increased to $1.14 billion, including the benefit of $50 million from the reduction in reorganization liabilities.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We continue to make targeted investments to further differentiate our industry and technology capabilities, to add new skills, and to seize the opportunities in key growth areas. With our focused strategy and diverse portfolio of business, we remain confident in our ability to continue to drive profitable growth and deliver value to our clients and shareholders.”

Consulting net revenues for the quarter decreased 2 percent to $3.9 billion.

Outsourcing net revenues increased 4 percent to $3.3 billion.

Operating income for the third quarter increased to $1.14 billion from $1.06 billion.

Net revenues by operating group

Revenue from Communications, Media & Technology business decreased to $1.43 billion from $1.51 billion.

Financial Services revenue increased to $1.57 billion from $1.50 billion.

Revenue from Health & Public Service business increased marginally to $1.19 billion from $1.09 billion.

Accenture’s Products revenue was $1.72 billion compared with $1.70 billion for the third quarter of fiscal 2012.

Net revenues by geographic region

Accenture’s Americas region generated revenues of $3.44 billion in Q3 FY 2013 compared with $3.23 billion for the third quarter of fiscal 2012.

Revenue from Europe, Middle East and Africa (EMEA) was $2.78 billion, compared with $2.91 billion for the third quarter of fiscal 2012.

Asia Pacific which includes India and China generated lower revenue at $975 million compared with $1.02 billion.

editor@infotechlead.com