Accenture Q1 revenues down 12%
22/12/2009
Consulting net revenues for the quarter were $3.12 billion, a decrease of 15 percent in US dollars and 16 percent in local currency from the first quarter of fiscal 2009. Accenture Q1 revenues down 12%

Fuente:  www.consultant-news.com   Fecha:  22.12.2009

Accenture reported financial results for the first quarter of fiscal 2010, ended Nov. 30, 2009, with net revenues of $5.38 billion, a decrease of 11 percent in US dollars and 12 percent in local currency from the same period last year and within the company’s guided range. Diluted earnings per share were $0.67.

Operating income for the first quarter was $746 million, or 13.9 percent of net revenues, compared with $815 million, or 13.5 percent of net revenues, for the first quarter of fiscal 2009.

New bookings for the quarter were $5.53 billion, with consulting bookings of $3.51 billion and outsourcing bookings of $2.02 billion.

William D. Green, Accenture’s chairman & CEO, said, “We continued to drive our business with discipline and a focus on execution, as well as with an eye to the future. We generated revenue within our expected range, delivered strong operating margin, ended the quarter with a cash balance of $4 billion after paying our annual dividend, and maintained our solid balance sheet.

“We are seeing building momentum in key areas of our business. Consulting bookings of $3.5 billion, growing pipelines and broadly heightened levels of activity are encouraging signs. We have mobilized to capture this opportunity. The demand for high performance from our clients is accelerating.”


Outsourcing net revenues were $2.26 billion, a decrease of 4 percent in US dollars and 5 percent in local currency from the first quarter of fiscal 2009.

Accenture expects net revenues for the second quarter of fiscal 2010 to be in the range of $5.1 billion to $5.3 billion.

Accenture continues to target new bookings for fiscal 2010 in the range of $23 billion to $26 billion. For the full fiscal year 2010, Accenture continues to expect net revenue growth to be in the range of negative 3 percent to positive 1 percent in local currency. The company has increased its outlook for diluted EPS for the full fiscal year by $0.03, reflecting the updated foreign-currency assumption, and now expects diluted EPS to be in the range of $2.67 to $2.75. Accenture continues to expect operating margin for the full fiscal year to be 13.4 percent.

The company continues to expect operating cash flow to be $2.39 billion to $2.59 billion; property and equipment additions to be $290 million; and free cash flow to be in the range of $2.1 billion to $2.3 billion. The company also continues to expect the annual effective tax rate to be in the range of 30 percent to 32 percent.