Accenture posts solid Q3 revenues

IT outsourcing and consultancy giant Accenture said its net revenues for Q3 of fiscal 2017 jumped 5% over the same period last year to USD8.9bn. Operating income for the quarter was USD865m, including the USD510m pension settlement charge. Excluding the charge, operating income was USD1.38bn, with operating margin of 15.5%. New bookings hit USD9.8bn, with record consulting bookings of USD5.2bn and outsourcing bookings of USD4.6bn. Accenture’s chairman and CEO said they are pleased with the strong third-quarter financial results. He said the growth demonstrates that the company’s services and capabilities continue to be highly differentiated in the marketplace.