Accenture results beat estimates on strong demand for outsourcing

Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona(Reuters) – Accenture Plc reported first-quarter results that beat analysts' estimates as increased demand for outsourcing services helped to offset a drop in income from its consulting business. Accenture's shares rose 3 percent to $ 78.01 before the bell on Thursday. The company's consulting business has been hit in the past few quarters as companies cut down on discretionary spending, resulting in fewer large deals. Revenue from consulting, the bigger of Accenture's two businesses, has declined in five of the last six quarters.

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