Tuesday, September 27, 2011

Accenture Quarterly results - 4th quarter

Accenture triggered 5% on the stocks today just before the announcement of its 4th quarter results. Accenture PLC's (ACN) fiscal fourth-quarter earnings jumped 37% as the consulting company reported strong bookings.

For the quarter ended August 31, company posted a profit of $611.9 million, or 91 cents a share, up from $445.5 million, or 66 cents a share, a year earlier beating market expectations of 88 cents a share in profit.
Accenture's revenue increased 23% to $7.17 billion. Net revenue, which is before reimbursements, also rose 23%, to $6.69 billion. In June, the company gave an upbeat net-revenue outlook of $6.4 billion to $6.6 billion. Operating margin rose to 13.8% from 13.2%.

Here is an overview-

-- Fourth-quarter revenues increase 23% in U.S. dollars and 14% in local currency, to $6.7 billion; quarterly EPS increase 38%, to $0.91; free cash flow is $1.2 billion --

-- For full year, revenues increase 18% in U.S. dollars and 15% in local currency, to $25.5 billion; EPS increase 28%, to $3.40; and free cash flow is $3.0 billion --

-- New bookings are $8.4 billion for fourth quarter and $28.8 billion for full year --

-- Company increases semi-annual cash dividend 50%, to 67.5 cents per share;

--Board of Directors approves $5 billion of additional share repurchase authority --

-- For fiscal year 2012, Accenture expects net revenue growth of 7% to 10% in local currency and EPS of $3.80 to $3.88, an increase of 12% to 14% --
New bookings were $8.4 billion, its highest quarterly bookings ever. Accenture's CEO Pierre Nanterme said the achievement reflected strong demand for Accenture's services, although he said the company is closely monitoring the economic environment.

I think also heard, that the people hire this year was over 70,000 along with GDN and the biggest book value was the Nokia deal this quarter.

Strongest Revenue growth seen as follows -
Resource Operating Group (18%), followed by PRODUCTS (16%), Financial Services (13%) and EMT (Electronics Media and Telecommunications) (13%) and Health Services OG (12%).

Also, Accenture’s total cash balance grew strong @ $5.7 billion, compared with $4.8 billion at Aug. 31, 2010.

Download PDF here - http://newsroom.accenture.com/article_download.cfm?article_id=5296

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