Accenture bets on outsourcing business to drive growth

(Reuters) - Accenture Plc forecast full-year earnings ahead of analyst estimates as it bolsters its outsourcing business to offset a slowdown in consulting, sending its shares up 5 percent in after-market trading. Outsourcing revenue rose 10 percent to $3.1 billion while consulting revenue fell 4 percent to $3.74 billion in the fourth quarter. Accenture, which has about 257,000 employees worldwide, expects revenue growth in its outsourcing business to continue to outpace that of consulting, Chief Financial Officer Pamela Craig said on a conference call. "They're clearly gaining market share ...

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