Accenture has reported net revenues of $6.7bn for the third quarter of fiscal 2011, an increase of 21% over the same quarter previous year.
The third quarter net revenues for the fiscal 2011 exceeded the company’s guided range of $6.3bn to $6.5bn.
The company has registered an 18% increase in the operating income to $949m compared to the same period last year, while reported 14.1% operating margin.
For the third quarter of fiscal 2011, Gross margin (gross profit as a percentage of net revenues) was 34.4%, compared with 34.7% for the third quarter last year.
The company reported net income of $699m for the quarter, up by 24% compared with $564m for the same period of fiscal 2010.
For the quarter ended 31 May 2011, Accenture reported new bookings of $7.1bn, with consulting bookings of $3.7bn and outsourcing bookings of $3.4bn.
An increase of 23% has been experienced in consulting net revenues for the quarter to $3.97bn, while outsourcing net revenues increased by 17% to $2.75b, both compared to the same quarter previous fiscal.
Accenture chief executive officer Pierre Nanterme said the continued momentum in their business and the focused execution of their growth strategy enabled them to achieve their highest quarterly revenues ever, of more than $6.7bn.
"Four of our five operating groups, and all three geographic regions, saw double-digit revenue growth in both U.S. dollars and local currency," Nanterme said.
"Our focus remains on driving sustainable and profitable growth through technology leadership and industry differentiation, and delivering superior value to our clients and shareholders."
Americas has contributed net revenues of $2.9b; Europe, Middle East and Africa (EMEA) region $2.9bn, while Asia Pacific contributed $865m. All these regions have seen a double digit growth in terms of revenues.
For the fourth quarter of fiscal 2011, Accenture expects net revenues to be in the range of $6.4bn to $6.6bn.
The company has raised its fiscal 2011 outlook for net revenue growth to the range of 14% to 15% in local currency from its previous range of 11% to 14% in local currency, and expects its full year operating margin to be in the range of 13.6% to 13.7%.
