Accenture’s revenue, profit beat expectations

Accenture’s quarterly revenue and profits were better than what had been forecast as its investments to boost digital and cloud services paid off. The company said its revenue rose 7.6% to USD8.49bn, above the estimated USD8.43bn, while its net income rose to USD1.13bn from USD788.13m a year earlier in the fourth quarter, ended 31 August. Accenture’s Chief Executive Pierre Nanterme said the company will continue to invest in high-growth areas, with a particular focus on digital, cloud and security services, which it refers to as ‘The New’. In fiscal year 2016, the company invested more than USD930m in acquisitions, 70% of which were in ‘The New’.