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Consulting Client Insights: Accenture Senses Recovery; Terminates Woods' Sponsorship

MR - Accenture is seeing signs of an economic recovery, with early indications coming from its global consulting practices. The turnaround is taking hold, to some degree, horizontally across the firm's consulting groups. Revenues before reimbursements for Q1 F2010 were $5.38 billion, a decrease of 11 percent in U.S. dollars and 12 percent in local currency from the same period in 2009. Net consulting revenues were $3.12 billion, a decrease of 15 percent in USD terms and 16 percent in local currency. Accenture forecasts year-over-year consulting revenue growth in the second half of 2010 in the range of high single to low double digits. Utilization for the first quarter was 88 percent, with attrition for the quarter at 12 percent. The firm also terminated its 6-year relationship with Tiger Woods this week, saying he was "No longer the right representative for [Accenture's] advertising" (includes Accenture CEO's perspectives on fees and market trends - 905 words). . . . (to read the remainder of this article, please log in below.)
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