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Accenture profit misses consensus by 21.1% in fiscal Q2

Accenture plc said its normalized net income for the fiscal second quarter ended Feb. 28 came to 85 cents per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS climbed 8.3% year over year from 78 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $575.6 million, a gain of 6.0% from $542.8 million in the year-earlier period.

The normalized profit margin climbed to 7.7% from 7.6% in the year-earlier period.

Total revenue grew 5.1% on an annual basis to $7.49 billion from $7.13 billion, and total operating expenses rose year over year to $6.47 billion from $6.18 billion.

Reported net income grew year over year to $731.8 million, or $1.08 per share, from $714.1 million, or $1.03 per share.