Acce
Accenture announced that Standard & Poor’s will add Accenture’s common stock to the S&P 500 Index after the close of trading on Tuesday, July 5.
Accenture joins S&P 500 Index
“We are very
Acce
Accenture announced that Standard & Poor’s will add Accenture’s common stock to the S&P 500 Index after the close of trading on Tuesday, July 5.
Accenture joins S&P 500 Index
“We are very pleased to join the S&P 500,” said Pierre Nanterme, Accenture’s chief executive officer. “It is an important recognition of our continued focus on driving growth through technology leadership and industry differentiation, as well as of the outstanding efforts of our people around the world to deliver superior value to our clients.”
Pamela Craig, Accenture’s chief financial officer, said, “Accenture’s inclusion in the S&P 500, in the same month as the 10th anniversary of our initial public offering, is an exciting milestone. It affirms our long-term commitment to sustainable, profitable growth through the disciplined execution of our business strategy and a relentless focus on delivering value to our shareholders.”
The announcement comes after Accenture reported record results for its fiscal third-quarter. The company said its profit rose 28% and that the consulting company to increase its full-year outlook.
For the quarter ended May 31, Accenture earned $628 million, or 93 cents per share, up from $490.6 million, or 73 cents per share, in the same quarter last year. Net revenue rose 21% to $6.72 billion from $5.57 billion in the year-ago period.
Accenture said new bookings totaled $7.1 billion for the quarter, with consulting bookings of $3.7 billion and outsourcing bookings of $3.4 billion. Accenture now expects new bookings to be at the upper end of its guidance of $25 billion to $28 billion for the full fiscal year.
For fiscal 2011, Accenture lifted its forecast for full-year profit to a range of $3.36 to $3.40 per share from its previous estimate of $3.22 to $3.30.
Accenture announced that Standard & Poor’s will add Accenture’s common stock to the S&P 500 Index after the close of trading on Tuesday, July 5.
Accenture joins S&P 500 Index
“We are very pleased to join the S&P 500,” said Pierre Nanterme, Accenture’s chief executive officer. “It is an important recognition of our continued focus on driving growth through technology leadership and industry differentiation, as well as of the outstanding efforts of our people around the world to deliver superior value to our clients.”
Pamela Craig, Accenture’s chief financial officer, said, “Accenture’s inclusion in the S&P 500, in the same month as the 10th anniversary of our initial public offering, is an exciting milestone. It affirms our long-term commitment to sustainable, profitable growth through the disciplined execution of our business strategy and a relentless focus on delivering value to our shareholders.”
The announcement comes after Accenture reported record results for its fiscal third-quarter. The company said its profit rose 28% and that the consulting company to increase its full-year outlook.
For the quarter ended May 31, Accenture earned $628 million, or 93 cents per share, up from $490.6 million, or 73 cents per share, in the same quarter last year. Net revenue rose 21% to $6.72 billion from $5.57 billion in the year-ago period.
Accenture said new bookings totaled $7.1 billion for the quarter, with consulting bookings of $3.7 billion and outsourcing bookings of $3.4 billion. Accenture now expects new bookings to be at the upper end of its guidance of $25 billion to $28 billion for the full fiscal year.
For fiscal 2011, Accenture lifted its forecast for full-year profit to a range of $3.36 to $3.40 per share from its previous estimate of $3.22 to $3.30.