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Accenture reports drop in quarterly profits

  • Technology outsourcing and consulting company Accenture posted a lower quarterly profit on Thursday.

    The decline came on the back of higher tax rates.

    Net income fell to $636 million, equivalent to around 88 cents per share, in the fourth quarter. That compares to $683 million, or 91 cents per share, in the same period last year.

    Revenue increased 2 percent to $6.83 billion.