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Accenture Ltd (1134538) SEC Filing 10-Q Quarterly report for the period ending Sunday, May 31, 2009

Accenture Ltd

CIK: 1134538
Exhibit 99.1
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 company’s 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, Accenture’s 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.”
Financial Review
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.

 


The following information was filed by Accenture Ltd on Thursday, June 25, 2009 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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CIK: 1134538
Form Type: 10-Q Quarterly Report
Accession Number: 0000950123-09-017559
Submitted to the SEC: Fri Jun 26 2009 8:00:29 AM EST
Accepted by the SEC: Fri Jun 26 2009
Period: Sunday, May 31, 2009
Industry: Business Services

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