Accenture reports record Annual Revenues

Date: 28-09-2007
Source: Business Wire

Accenture reported record revenues for the fourth quarter and record financial results for the full fiscal year ended Aug. 31, 2007, including its highest-ever annual revenues, bookings, operating income and earnings per share.

Revenues before reimbursements (“net revenues”) for the fourth quarter were $5.11 billion, compared with $3.97 billion in the fourth quarter of fiscal 2006, an increase of 29 percent in U.S. dollars and 23 percent in local currency. GAAP diluted earnings per share for the fourth quarter were $0.50.

For the full fiscal year, net revenues were $19.70 billion, an increase of 18 percent in U.S. dollars and 13 percent in local currency over fiscal 2006 and above the high end of the company’s previously stated expectations. GAAP diluted earnings per share for the full year were $1.97, an increase of 24 percent over fiscal 2006.

In addition, the company announced that its Board of Directors has declared an annual cash dividend of $0.42 per share, an increase of $0.07, or 20 percent, over its previous annual dividend.

William D. Green, Accenture’s chairman & CEO, said, “We are delighted with our outstanding fourth-quarter and full-year results. We achieved double-digit revenue growth in U.S. dollars and growth in local currency across all of our operating groups and geographies, leading to our highest quarterly and annual revenues ever.

We achieved double-digit EPS growth for the full year, exceeding our EPS outlook. We expanded our operating margin, delivered strong cash flow and maintained our solid balance sheet. We’re also pleased to be able to return cash to shareholders through our third annual cash dividend, in addition to repurchasing $2.3 billion of our shares during the year.

“Demand for our services, particularly in consulting, remains robust. Our outstanding performance and continued momentum reflect the strength of our diverse and durable global business, enabling us to differentiate ourselves from competitors and establish a unique market position based on helping clients become high-performance businesses.”