Accenture Reports Third-Quarter Fiscal 2009 Results
Company reports revenues of $5.15 billion and EPS of $0.68
Operating income is $732 million; operating margin expands to 14.2%
Company delivers free cash flow of $971 million and
raises free cash flow outlook for full fiscal year
New bookings of $6.57 billion include consulting bookings of $3.21 billion
NEW YORK; June 25, 2009 Accenture (NYSE: ACN) reported financial results for the third quarter
of fiscal 2009, ended May 31, 2009, with net revenues of $5.15 billion, in line with the companys
guided range. Net revenues declined 16 percent in U.S. dollars and 4 percent in local currency
compared with the third quarter last year, reflecting a foreign-exchange impact of negative 12
percent. Diluted earnings per share were $0.68.
Operating income was $732 million, a decrease of 15 percent, primarily due to significant negative
foreign-exchange impact, while operating margin expanded 10 basis points, to 14.2 percent.
New bookings for the quarter were $6.57 billion, with consulting bookings of $3.21 billion and
outsourcing bookings of $3.36 billion, bringing new bookings for the first three quarters of fiscal
2009 to $18.36 billion.
William D. Green, Accentures chairman & CEO, said, In the third quarter we delivered strong
overall results, considering the difficult economic environment. Our people have raised their game
on behalf of our clients, our company and our shareholders. While we were challenged in terms of
top-line growth, revenues were within our guided range, and we delivered operating income of $732
million, expanded operating margin to 14.2 percent and delivered solid earnings per share. In
addition, our significant new bookings show momentum even in this economic headwind, and we
continue to generate very strong cash flow.
We are managing our business with tremendous discipline and are staying focused on helping clients
adapt to their changing needs. We have continued making important investments to take advantage of
future growth opportunities and market rebound. We remain well-positioned to deliver outstanding
value to our clients and our shareholders.
Revenues before reimbursements (net revenues) for the third quarter of fiscal 2009 were $5.15
billion, compared with $6.10 billion in the third quarter of fiscal 2008, a decrease of 16 percent
in U.S. dollars and 4 percent in local currency. Net revenues for the third quarter of fiscal 2009
reflect a foreign-exchange impact of negative 12 percent.