Tag Archives: acn

Infosys Beats Sales, Raises Guidance And Stock Flies

Infosys (INFY) late Wednesday posted fiscal Q3 revenue that beat Wall Street revenue estimates and earnings that met views. The company also raised its guidance, giving investors what they needed to drive the stock up to a two-month high. The India-based outsourcing and IT service company, which competes with IBM (IBM), Accenture (ACN), Cognizant Technology Solutions (CTSH) and Wipro (WIT), said that its fiscal third quarter sales rose 8.5% to

Accenture’s Q1 Gains Muted By Currency; Stock Tumbles

Accenture stock tumbled Thursday, after the tech consultant and outsourcer reported Q1 earnings that missed Wall Street expectations. Revenue edged Wall Street views, but revenue guidance missed. Accenture (ACN) was down more than 5% in early afternoon trading in the stock market today, near 103.50. Accenture stock closed Wednesday just shy of its all-time high of 109.86, touched intraday on Oct. 28, and even with Thursday’s decline it’s up more

Accenture Grows Outsourcing Under Q1 Sales Pressure

Growing outsourcing and long-term consulting contracts vs. shrinking short- and medium-term consulting, those are the dynamics Accenture (ACN) faces as it approaches its fiscal first-quarter report due for release before the market open Thursday. Acquisition-minded Accenture, one of the world’s largest IT consultants and outsourcers, is expected to report earnings up 2% from a year earlier to $1.32 per share minus items, on revenue down 5% to