Outsourcing firm Accenture have posted increased profits in the third quarter for overall global sales, with total revenues of $7.2 billion.

Despite increased revenue streams, Accenture failed to meet the company’s target of $7.5 billion, and saw a reduction in sales in the EMEA region.

Sales for the EMEA region were down 4 percent in the third quarter to $2.78 billion, compared with $2.91 billion for the last quarter.

The company has seen increased business in outsourcing, with bookings and revenues being higher than expected compared to low levels seen with consulting.

“Our third-quarter results were solid overall, although consulting revenues were below our expectations. We delivered very good profitability, with operating margin expansion and EPS growth reflecting the disciplined management of our business," said Pierre Nanterme, Accenture CEO.

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Accenture see sales growth from increased outsourcing demand