The Stanly News and Press (Albemarle, NC)

State & National News

December 20, 2013

Technology consulting profits beat estimates as big data fuels demand

Friday, December 19, 2013 — Accenture, the second-largest technology-consulting company, reported quarterly profit that topped estimates as demand for its expertise resurfaced in the U.S. and Europe.

Fiscal first-quarter earnings were $1.15 a share, topping the $1.09 average estimate of analysts surveyed by Bloomberg. Net sales rose 2 percent to $7.4 billion, the Dublin-based company said Thursday.

Bookings for consulting rose as customers ramped up investing in projects, with Europe recovering from its debt crisis and the U.S. Congress resolving its budget negotiations. Clients are seeking help on using newer technology like cloud computing and big-data analysis.

"Cloud, social, mobile and analytics -- those are all really important changes going on in the technology landscape," David Grossman, an analyst at Stifel Nicolaus & Co., said in an interview from San Francisco before the earnings release. "Initially, their customers can't implement newer technology without outside help because they don't have the talent or the knowledge base. That's usually good for Accenture."

Accenture raised its profit forecast for 2014 to $4.44 to $4.56 a share, up from the range of $4.42 to $4.54 a share the company gave in September, according to a statement Thursday. The forecast was adjusted to reflect foreign-exchange fluctuations. Analysts surveyed by Bloomberg predict earnings of $4.47 on average.

First-quarter net income attributable to Accenture rose to $751.8 million compared with $698.8 million a year earlier. Earnings per share, which are calculated using a different figure for net income, rose to $1.15 from $1.06.

Contract bookings rose 16 percent from a year earlier, according to data from Bloomberg Industries. Consulting, the company's biggest unit, recorded $4.3 billion in new business in the quarter, while outsourcing orders were $4.4 billion.

Accenture is considered a bellwether for the information- technology market because its earnings cycle ends one month sooner than competitors.

International Business Machines Corp., the largest technology-services provider, is scheduled to announce earnings Jan. 21. Cognizant Technologies Solutions Corp., one of the largest providers of outsourcing services, normally reports quarterly results in February.

 

1
Text Only
State & National News
  • The waffle taco's biggest enemy isn't McDonald's. It's consumer habits.

    Gesturing to Taco Bell, Thompson said McDonald's had "not seen an impact relative to the most recent competitor that entered the [breakfast] space," and that new competition would only make McDonald's pursue breakfast more aggressively.

    April 23, 2014

  • Cuba is running out of condoms

    WASHINGTON - The newest item on Cuba's list of dwindling commodities is condoms, which are now reportedly in short supply. In response, the Cuban government has approved the sale of expired condoms.

    April 23, 2014

  • NCSU Study: People Pay More Attention to the Upper Half of Field of Vision

         A new study from North Carolina State University and the University of Toronto finds that people pay more attention to the upper half of their field of vision – a finding which could have ramifications for everything from traffic signs to software interface design.

    April 23, 2014

  • NC State Receives $25 Million NNSA Grant to Develop Leaders, Improve Technological Capabilities for Detecting Nuclear Proliferation

    NC State today was awarded a five-year, $25 million grant by the National Nuclear Security Administration’s (NNSA) Office of Defense Nuclear Nonproliferation Research and Development to develop the next generation of leaders with practical experience in technical fields relevant to nuclear nonproliferation. NC State was selected by NNSA over 22 other proposals following a competitive process that began in May 2013.

    April 23, 2014

  • Winter created urge to get out of town

    This year's harsh winter contributed to an exodus of travelers seeking refuge from the weather by booking tours, cruises and hotels in record numbers, according to AAA Carolinas Travel Agency. Trips taken by those booking through AAA, the largest leisure travel agency in the Carolinas, showed an increase in tours (15 percent), cruises (12 percent) and hotels (33 percent) over the first quarter of 2013.

    April 22, 2014

  • NCSU Study: The Trials of the Cherokee Were Reflected In Their Skulls

    Researchers from North Carolina State University and the University of Tennessee have found that environmental stressors – from the Trail of Tears to the Civil War – led to significant changes in the shape of skulls in the eastern and western bands of the Cherokee people. The findings highlight the role of environmental factors in shaping our physical characteristics.

    April 22, 2014

  • Do your genes make you procrastinate?

    NEW YORK - Procrastinators, in my experience, like nothing better than explaining away their procrastination: General busyness, fear of failure, and simple laziness are just a handful of the excuses and theories often tossed around. Now researchers from the University of Colorado Boulder have added another option to the list: genetics.

    April 22, 2014

  • NCSU STUDY: Impurity Size Affects Performance of Emerging Superconductive Material

    Research from North Carolina State University finds that impurities can hurt performance – or possibly provide benefits – in a key superconductive material that is expected to find use in a host of applications, including future particle colliders. The size of the impurities determines whether they help or hinder the material’s performance.

    April 22, 2014

  • U.S. Archivist to Speak at NC State Commencement

    David S. Ferriero, archivist of the United States, will deliver NC State’s commencement address on Saturday, May 10, at 9 a.m. at the PNC Center in Raleigh.

    April 22, 2014

  • Smartphone kill switches are coming

    Smartphones need kill switches. It's a relatively easy solution to the pricey (and irritating) problem of smartphone theft. But who would have thought that the big carriers would team up with Apple, Google, Microsoft, Nokia, Samsung and lots of other manufacturers to voluntarily begin adding the technology by July 2015? The cooperative spirit! It makes so much sense!

    April 20, 2014

House Ads
Seasonal Content