Accenture reports strong Q1 2009 results
Accenture reported strong financial results for the first quarter of fiscal 2009, ended November 30, 2008, with net revenues of $6.02 billion, an increase of 6 percent in US dollars and 9 percent in local currency over the same period last year. Diluted earnings per share were $0.74, an increase of 24 percent.

www.consultant-news.com  19.12.2008

Accenture reported a net profit of 593 million dollars for the September-November quarter, up 17 percent from the same period a year ago.

Operating income grew 12 percent, to $815 million, and operating margin expanded 70 basis points, to 13.5 percent.

New bookings for the quarter were $5.80 billion, with consulting bookings of $3.56 billion and outsourcing bookings of $2.24 billion.

William D. Green, Accenture’s chairman & CEO, said, “We’re very pleased with our strong first-quarter performance, especially given the macro-economic environment. Demand patterns are changing but remain very active and positive looking forward.”

Consulting net revenues for the quarter were $3.66 billion, an increase of 6 percent in US dollars and 9 percent in local currency over the first quarter of fiscal 2008.

Outsourcing net revenues were $2.36 billion, an increase of 7 percent in US dollars and 9 percent in local currency over the first quarter of fiscal 2008.

Accenture said it expects new bookings of 24-27 billion dollars for the entire year, down from the previous 26-29 billion dollars.

It said it now expects diluted earnings per share for the full fiscal year to be in the range of 2.78 dollars to 2.85 dollars, down from the previous 2.85 dollars to 2.93 dollars.

"Accenture is revising its outlook for the remainder of fiscal 2009 primarily to reflect changing foreign-currency assumptions," it said. "The company is also making a modest adjustment to its outlook for net revenue growth for the year, given continued market uncertainty."

Net Revenues by Operating Group

Communications & High Tech: $1,364 million, compared with $1,312 million for the first quarter of fiscal 2008, an increase of 4 percent in US dollars and 6 percent in local currency.

Financial Services: $1,238 million, compared with $1,244 million for the same period last year, flat in US dollars and an increase of 2 percent in local currency.

Products: $1,567 million, compared with $1,473 million for the year-ago period, an increase of 6 percent in US dollars and 9 percent in local currency.

Public Service: $761 million, compared with $709 million for the year-ago period, an increase of 7 percent in US dollars and 11 percent in local currency.

Resources: $1,079 million, compared with $931 million for the same period of fiscal 2008, an increase of 16 percent in US dollars and 20 percent in local currency.

Net Revenues by Geographic Region

Americas: $2,576 million, compared with $2,325 million for the first quarter of fiscal 2008, an increase of 11 percent in US dollars and 12 percent in local currency.

Europe, Middle East and Africa (EMEA): $2,873 million, compared with $2,883 million for the first quarter of fiscal 2008, flat in US dollars and an increase of 4 percent in local currency.

Asia Pacific: $570 million, compared with $465 million for the year-ago period, an increase of 22 percent in US dollars and 25 percent in local currency.