Accenture's quarterly revenue rises 7.6 percent

The company's net income rose to $1.13 billion after it made investments to boost Accenture's digital and cloud services

Accenture Plc, a provider of consulting and outsourcing services, reported a 7.6 percent rise in its quarterly revenue after the company's investments to boost digital and cloud services paid off.

The company's net income rose to $1.13 billion, or $1.68 per share, in the fourth quarter that ended on August 31, from $788.13 million, or $1.15 per share, a year earlier. Revenue rose to $8.49 billion from $7.89 billion.

Accenture, incorporated in Ireland, is beefing up its digital and cloud services as it seeks to gain market share from rivals including IBM Corp and India's Infosys Ltd and Tata Consultancy Services Ltd.