Mar 26th, 2009 - Wall Street Journal
Accenture Ltd.'s (ACN) fiscal second-quarter net income edged up 1.2% despite strong headwinds from a stronger dollar and economic conditions.
However, revenue fell short of expectations, and the company issued a pessimistic outlook for the rest of the fiscal year, sending shares down 7.4%, to $29.60, in after-hours trading. The shares are off nearly a third from their 52-week high six months ago.
Accenture profits by helping big corporations adapt to changing market conditions and helping them outsource such functions as human resources, finance and information technology. Lately, some analysts have raised the possibility the firm could be an acquisition ...
