Accenture (ACN) leveraged growth in its consulting and IT outsourcing businesses to report fiscal Q3 earnings and sales early Thursday that topped Wall Street expectations, as did its earnings guidance for the current quarter. Accenture nevertheless was down 2.5% in early trading in the stock market today. Accenture stock fell 5% three months ago, when fiscal Q2 missed analyst views. For the quarter ended May 31, Accenture reported earnings per
While U.S. consumers are split over large-screen smartphones or phablets, short for phone-tablets, they’re a huge deal in countries like Turkey and Indonesia. Phablets have screen sizes of 5- to 7-inches, compared with the 4- to 5-inch displays of conventional smartphones. A global consumer survey by Accenture (ACN) released Monday found especially strong demand for phablets in emerging countries. Accenture polled 23,000 people in 23 countries about their preferences in consumer electronics. In the U.S., 40% of respondents indicated a preference to buy a phablet. In Germany, 30% of consumers favored phablets. Only 19% of respondents in Japan preferred a phablet. In some developing markets, consumers had a strong preference for big-screen smartphones. In Turkey, 64% of respondents favored a phablet over a conventional smartphone. Following Turkey were Indonesia (61%), South Korea (51%), Russia and the United Arab Emirates (50%). “The phablet screen size is hitting a sweet spot for…
Cognizant Technology Solutions (CTSH) will attempt to do one better than its rivals when it reports first-quarter results Wednesday before the market opens. The global outsourcing and consulting services company’s earnings report is set to arrive amid mixed results from rivals such as Infosys (INFY), which reported revenue slightly below estimates and a per-share profit just above views, while Accenture’s (ACN) Q2 results fell short of views on