Saturday, January 07, 2006

Outsourcing Boosts

According to the information composed by offshoreoutsourcingworld from Information Week "Bermuda-based services giant Accenture on Thursday reported strong growth in first quarter earnings and net income, and said revenues were its highest ever during a three-month period.”

Revenues increased 12% to $4.17 billion. Per-share earnings rose 20% to 36 cents and net income jumped 10% to $214.9 million. New contract bookings during the period were $5.54 billion, Accenture's highest in seven quarters. "We continue to build momentum," said Green.
Booming sales of outsourcing services helped drive Accenture's first quarter gains. The company said sales of application development, infrastructure management, and other IT and business services rose 18%. Consulting sales, which account for just under two-thirds of Accenture's total revenues, increased 8%.

In early market activity Friday, Accenture's shares were trading at just above $30 per share, a two-year high. The company said it expects full year per-share earnings to fall between $1.52 and $1.57.
For more read here.

The article is sponsored by A-1 Technology Inc, dealing in offshore outsourcing and offshore software development.