Vendor results - 12/01/06

Accenture reports $215m in its FY1Q06 net income (+10%); $4.2bn in sales (+12%) and $5,5bn in orders.

Avanex announced its CY4Q05 revenues could be around $36m, well below the forecast $45m. Even if gross margin is improving, it is unlikely that it could reach the 10% target. Cash flow is also going to be critical to Avanex in the coming year. The news dropped Avanex shares by 14%.