Accenture Ltd (1134538) SEC Filing 10-K Annual report for the fiscal year ending Sunday, August 31, 2008

Accenture Ltd

CIK: 1134538
Exhibit 99.1
Accenture Reports Strong Fourth-Quarter and Full-Year Fiscal 2008 Results
— Quarterly revenues increase 17% in U.S. dollars and 10% in local currency, to $6.00 billion;
Quarterly EPS up 35%, to $0.67 —
— Annual revenues increase 19% in U.S. dollars and 11% in local currency, to $23.39 billion;
Full-year EPS up 35%, to $2.65 —
— Quarterly and annual bookings reach all-time highs of $7.67 billion and $26.79 billion —
— Company declares annual cash dividend of $0.50 per share —
NEW YORK; Sept. 25, 2008 — Accenture (NYSE: ACN) reported strong financial results for the fourth quarter and record results for the full 2008 fiscal year, ended Aug. 31, 2008, including its highest-ever annual revenues, earnings per share, bookings, operating income and cash flow.
For the fourth quarter, revenues before reimbursements (“net revenues”) were $6.00 billion, compared with $5.11 billion for the fourth quarter of fiscal 2007, an increase of 17 percent in U.S. dollars and 10 percent in local currency. Diluted earnings per share for the quarter were $0.67, compared with $0.50 in the same period last year, an increase of 35 percent. New bookings for the quarter rose to $7.67 billion, a quarterly record. Operating income for the quarter grew 22 percent, to $785 million, and operating margin expanded 50 basis points compared with the fourth quarter last year.
For the full fiscal year, net revenues were a record $23.39 billion, compared with $19.70 billion for fiscal 2007, an increase of 19 percent in U.S. dollars and 11 percent in local currency. Diluted earnings per share for the full year were $2.65, compared with $1.97 in fiscal 2007, an increase of 35 percent. New bookings for the full year reached an all-time high of $26.79 billion. Operating income for the full year grew 21 percent, to $3.01 billion, and operating margin expanded 20 basis points compared with fiscal 2007.
The company also announced that its Board of Directors has declared an annual cash dividend of $0.50 per share, an increase of $0.08 per share, or 19 percent, over its previous annual dividend.
William D. Green, Accenture’s chairman & CEO, said, “We’re very pleased with our strong fourth-quarter and full-year performance, which demonstrates our ability to deliver outstanding results, even in challenging economic conditions. We had record bookings and maintained our focus on operating discipline. We generated significant cash flow, we have no debt, and our balance sheet is rock-solid. We continue to return cash to shareholders through our fourth annual cash dividend and the repurchase of $2.3 billion of our shares during the year.
“We have continued confidence in our business, given the momentum we have from our fourth-quarter and full-year performance. With the uncertainty in the economic environment, we are even more focused on closely managing our business — through careful planning, operational discipline and superior execution — to ensure that we continue to perform and deliver value to our clients and shareholders.”


The following information was filed by Accenture Ltd on Thursday, September 25, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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