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Accenture profits drop $25m

NEW YORK (Reuters) - Bermuda-based technology outsourcing and consulting firm Accenture Ltd. said its quarterly profit fell due to a slower economy and a stronger US dollar, although the results were better than most analysts had expected.

Accenture, which plans to redomicile to Ireland said yesterday profit for its fiscal third quarter fell to $444 million, or 68 cents a share, from $469 million, or 74 cents a share, in the year-ago period. Analysts on average had expected profit per share of 65 cents, according to Reuters Estimates.

The company also raised its earnings per share outlook for the full year to $2.67 to $2.70, from a previous range of $2.60 to $2.67.

Quarterly revenue fell to $5.15 billion from $6.10 billion, due in part to a stronger dollar, the company said.

Accenture shares rose 2.8 percent after-hours to $32.53. They closed up 0.67 percent at $31.64 on the New York Stock Exchange.