Accenture Q4 revenues up 8% in local currency
07/10/2010
New bookings are $6.5 billion for fourth quarter and $25.0 billion for full year


Fuente:  http://www.consultant-news.com   Fecha: 7.10.2010

Accenture Q4 revenues up 8% in local currency

Accenture reported strong financial results for the fourth quarter of fiscal 2010, ended Aug. 31, and full-year results in line with the company's expectations.

For the fourth quarter, revenues were $5.42 billion, an increase of 5 percent in US dollars and 8 percent in local currency compared with the fourth quarter of fiscal 2009. Diluted earnings per share were $0.66. New bookings were $6.5 billion. Operating margin was 13.2 percent. Free cash flow was $1.15 billion.

For the full fiscal year, net revenues were $21.55 billion, flat in US dollars and a decrease of 2 percent in local currency compared with fiscal 2009. Diluted earnings per share were $2.66. New bookings were $25.0 billion. Operating margin was 13.5 percent. Free cash flow was $2.85 billion, which exceeded the top end of the company's expectations by $350 million.

In addition, Accenture's Board of Directors has declared a semi-annual cash dividend of $0.45 per share, an increase of 7.5 cents per share, or 20 percent, over its previous semi-annual dividend, declared in March.

William D. Green, Accenture's chairman & CEO, said, "We're very pleased with our financial results, with our strong fourth-quarter performance demonstrating further evidence of our growth and momentum. We managed our business well and accelerated actions to grow revenue and expand operating margin. And our strong bookings -- including consulting bookings of more than $3.5 billion -- show increasing demand for our services. We generated significant free cash flow, and our balance sheet remains exceptionally strong…Despite ongoing challenges in the global economy, we are well-positioned for growth and expansion in the year ahead."

Consulting net revenues were $3.09 billion, an increase of 6 percent in US dollars and 9 percent in local currency compared with the fourth quarter of fiscal 2009. Outsourcing net revenues were $2.33 billion, an increase of 4 percent in US dollars and 7 percent in local currency compared with the fourth quarter of fiscal 2009.

New bookings for the fourth quarter were $6.5 billion. This reflects a negative 1 percent foreign-currency impact compared with the fourth quarter of fiscal 2009.

Consulting new bookings were $3.5 billion, or 54 percent of fourth-quarter bookings. Outsourcing new bookings were $3.0 billion, or 46 percent of fourth-quarter bookings.

Net revenues for the full 2010 fiscal year were $21.55 billion, compared with $21.58 billion for fiscal 2009, flat in US dollars and a decrease of 2 percent in local currency. Net revenues for fiscal 2010 reflect a foreign-exchange impact of positive 2 percent compared with fiscal 2009.

Consulting net revenues were $12.37 billion, a decrease of 1 percent in US dollars and 4 percent in local currency from fiscal 2009. Outsourcing net revenues were $9.18 billion, an increase of 2 percent in US dollars and flat in local currency compared with fiscal 2009.

Net income for the full fiscal year was $2.06 billion, compared with $1.94 billion for fiscal 2009, which included the impact of the restructuring charge recorded in the fourth quarter of fiscal 2009.

New bookings for the full fiscal year were $25.0 billion, an increase of 5 percent in US dollars and 1 percent in local currency over fiscal 2009. New bookings for fiscal 2010 reflect a positive 3 percent foreign-currency impact compared with fiscal 2009.

Consulting new bookings were $13.6 billion, an increase of 7 percent in US dollars and 3 percent in local currency over fiscal 2009. Consulting represented 55 percent of new bookings in fiscal 2010. Outsourcing new bookings were $11.4 billion, an increase of 2 percent in US dollars and a decrease of 1 percent in local currency compared with fiscal 2009. Outsourcing represented 45 percent of new bookings in fiscal 2010.

Accenture expects net revenues for the first quarter of fiscal 2011 to be in the range of $5.6 billion to $5.8 billion, which assumes a foreign-exchange impact of negative 3 percent compared with the first quarter of fiscal 2010.