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
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, Accentures chairman & CEO, said, Were 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.