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News > Companies
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Accenture 4Q tops estimates
graphic October 11, 2001: 12:23 p.m. ET

Consulting firm sees 1Q charge related to terrorist attacks.
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  • Accenture IPO gains in first trades - Jul. 19, 2001
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    NEW YORK (CNNmoney) - Accenture, the management and technology consulting company, on Thursday posted a fiscal fourth-quarter profit ahead of analysts' estimates, helped by a strong performance in its global markets unit.

    The company also said it expects to take a first-quarter charge of no more than $40 million for the Sept. 11 attacks. Including the charge, Accenture said it is comfortable with analysts' first-quarter earnings estimates provided at the time of its initial public offering.

    Accenture (ACN: up $1.49 to $15.16, Research, Estimates)  reported a pro forma profit for the quarter ended Aug. 31 of $104 million, or 12 cents per share, on revenue of $2.78 billion. Analysts expected income of 11 cents per share, according to earnings tracker First Call. Accenture, formerly known as Andersen Consulting, went public in July, and thus has no year-earlier data.

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    "We ... are pleased by our client growing interest in business transformation outsourcing -- the combination of outsourcing, consulting and other capabilities to improve key business functions and achieve a significant and sustainable improvement in enterprise-level performance," said Accenture chairman and chief executive Joe Forehand.

    Analysts expect the firm to earn 21 cents per share in the first quarter, according to First Call.

    Accenture shares rose 27 cents Wednesday to $13.67. graphic

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    Accenture IPO gains in first trades - Jul. 19, 2001





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