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Accenture profit misses consensus by 17.2% in fiscal Q3

Accenture plc said its normalized net income for the fiscal third quarter ended May 31 was $1.02 per share, compared with the S&P Capital IQ consensus estimate of $1.23 per share.

EPS climbed 5.1% year over year from 97 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $691.3 million, an increase from $670.5 million in the year-earlier period.

The normalized profit margin climbed to 8.9% from 8.7% in the year-earlier period.

Total revenue totaled $7.77 billion, compared with $7.74 billion in the year-earlier period, and total operating expenses totaled $6.57 billion, compared with $6.56 billion in the prior-year period.

Reported net income fell from the prior-year period to $840.0 million, or $1.24 per share, from $868.9 million, or $1.26 per share.