Accenture (ACN) on Thursday reported fiscal second-quarter earnings and revenue that topped estimates. Company guidance for the current quarter came in above expectations amid its acquisition spree, sending ACN stock up.
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Accenture stock rose 4.8% to 340.50 before the open on the stock market today, signaling a move back above its 50-day and 200-day moving averages.
Accenture earnings for the quarter ended Feb. 28 rose 14% to $2.54, said the Dublin-based company. Including acquisitions, the global tech consulting and services company said revenue rose 24% to $15 billion.
“The outsourcing business ($6.72 billion vs. $6.55 billion) was primarily responsible for the outperformance as the consulting business ($8.32 billion vs. $8.28 billion estimate) was only modestly better,” said Jefferies analyst Surinder Thind in a report.
Analysts expected Accenture earnings of $2.37 a…
