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Accenture Reports Strong Fourth-Quarter and Full-Year Fiscal 2004
Company Achieves Net Revenue Growth Across All Operating Groups and Geographies
Consulting Continues to Strengthen; Outsourcing Gains
NEW YORK; Oct. 13, 2004 Accenture (NYSE: ACN) today reported financial results for the fourth quarter and full fiscal year ended Aug. 31, 2004, in line with the companys previously stated expectations.
Accenture achieved 16 percent growth in both net revenues and earnings per share for the full fiscal year 2004. The company also grew net revenues in each of its five operating groups and across all three geographic regions during the fourth quarter and full fiscal year.
Fourth Quarter 2004
|||Revenues before reimbursements (net revenues) were $3.42 billion, compared with $3.02 billion for the year-ago period, an increase of 13 percent in U.S. dollars and an increase of 10 percent in local currency.|
|||Diluted EPS were $0.30, compared with $0.25 for the year-ago period, an increase of 20 percent.|
|||Operating income was $371 million, or 10.8 percent of net revenues, compared with $350 million, or 11.6 percent of net revenues, for the year-ago period, an increase of 6 percent.|
|||New bookings totaled $4.0 billion, compared with $3.8 billion for the year-ago period, an increase of 7 percent.|
Fiscal Year 2004
|||Net revenues were $13.67 billion, compared with $11.82 billion for fiscal year 2003, an increase of 16 percent in U.S. dollars and an increase of 9 percent in local currency.|
|||Diluted EPS were $1.22, compared with $1.05 for fiscal 2003, an increase of 16 percent.|
|||Operating income was $1.76 billion, or 12.9 percent of net revenues, compared with $1.55 billion, or 13.1 percent of net revenues, for fiscal 2003, an increase of 13 percent.|
|||New bookings totaled $20.1 billion, compared with $16.1 billion for fiscal 2003, an increase of 25 percent.|
William D. Green, Accentures CEO, said, We are pleased with our results, which reflect our ongoing success in helping clients become high-performance businesses. Our growth was
The following information was filed by Accenture Ltd on Wednesday, October 13, 2004 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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