By Joey Gardiner, 9 January 2002 16:57
NEWS Profits at outsourcing giant Accenture have been halved, according to the latest set of results from the US firm. The group's net profit for the first quarter of 2002 fell from $148m in the equivalent period last year to just $81m this. The fall was blamed on a $90m investment write-off and difficult trading conditions. However, falling profits disguised a more healthy growth in revenues, with sales growing five per cent year on year to over $3.4bn. Accenture shares slipped slightly on the news, which was in line with adjusted expectations.
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