Accenture Earnings: Consulting Revenues Disappoint Even As Order Book Improves

The company result was in line with our expectation as the outsourcing revenue grew 5% year over year in constant currency to $3.43 billion, while the consulting business revenues were flat at $3.69 billion. Furthermore, as per our expectations, the company reported a strong order pipeline, and booked new orders worth $10.1 billion in Q2 FY14.