Accenture (ACN), a consulting and outsourcing firm, posted fiscal fourth quarter earnings that topped Wall Street analysts’ expectations on Thursday, helped by rising revenue from cloud and digital services.

Net income for the quarter ended August 31 was $983.2 million or $1.48 per diluted share, compared with $1.13 billion, or $1.68 per share, a year earlier, the company said in a statement. Fourth quarter net income in 2016 included exceptional gains on the sale of businesses. Excluding this impact, adjusted net income was $881.3 million, or $1.31 a year earlier. Analysts were expecting earnings per share of $1.46 in a Capital IQ poll.

Revenue rose to $9.15 billion from $8.49 billion in the corresponding quarter of the prior year, beating the consensus estimate of analysts polled by Capital IQ for $9.01 billion.

For the full year, the company said that net revenue was $34.85 billion, up from $32.88 billion in the prior year. Net revenue from “the New” products and services category – which comprises digital, cloud and security-related services- totaled about $18 billion for fiscal 2017, an increase of about 30% from fiscal 2016.

For the current fiscal year, Accenture said that it expects net revenue growth to be 5%-to-8%, and GAAP diluted earnings per share to be from $6.36 to $6.60. Analysts had been expecting earnings per share of $6.49 for the full year, according to a Capital IQ poll.

“Our durable performance over the last few years reflects the successful rotation of our business to high-growth areas such as digital, cloud and security services, which accounted for approximately 50 percent of total revenues in fiscal 2017,” Pierre Nanterme, Accenture’s chief executive, said. “Our strategy is clearly differentiating Accenture in the marketplace, enabling us to gain significant market share.”


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