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Accenture Ltd (1134538) SEC Filing 10-K Annual report for the fiscal year ending Thursday, August 31, 2006

Accenture Ltd

CIK: 1134538
 

Exhibit 99.1
Accenture Achieves Record Annual Revenues, EPS, Free Cash Flow and
New Bookings for Fiscal 2006
— EPS of $0.56 for quarter and $1.59 for year exceed company’s expectations —
— Company resolves NHS matter; reported results reflect impact of
agreement announced today —
— Company declares cash dividend of $0.35 per share —
NEW YORK; Sept. 28, 2006 — Accenture (NYSE: ACN) reported record financial results and the successful resolution of previously reported issues with its contracts with the National Health Service (NHS) in England.
“I’m delighted that we have resolved the NHS contracts, arriving at an agreement that benefits all parties, is clearly in the best interest of our shareholders, and puts this matter successfully behind us,” said William D. Green, Accenture’s chairman and CEO. “Our results for the quarter and the year clearly demonstrate the strength and momentum of our business. We had record revenues for the fifth consecutive year. We exceeded our outlook for EPS for both the quarter and the full year. We achieved solid bookings in both consulting and outsourcing, demonstrating strong demand for our services. Our cash flows are exceptionally strong. And we continue to return cash to shareholders, repurchasing more than $2 billion of our shares during the year and declaring our second annual cash dividend.”
Accenture’s results include the financial impact of the agreement announced earlier today resolving the NHS matter (the Agreement), which resulted in a reduction of Accenture’s net revenues in the fourth quarter of $339 million. This reduction in net revenues was offset by a corresponding decrease in cost of services. As a result, there was no impact on operating income or EPS for the quarter.
Financial Review
Fourth Quarter 2006
Net Revenues
Revenues before reimbursements (“net revenues”) for the fourth quarter of fiscal 2006 were $3.97 billion, including the impact of the Agreement, which resulted in a reduction of consulting net revenues in the fourth quarter of $339 million. Net revenues of $3.97 billion for the fourth quarter of fiscal 2006 compare with $3.92 billion for the fourth quarter of fiscal 2005, flat in local currency and an increase of 1 percent in U.S. dollars. Absent the impact of the Agreement, net revenues for the fourth quarter were $4.31 billion, an increase of 8 percent in local currency and 10 percent in U.S. dollars.
    Consulting net revenues, reflecting the Agreement, were $2.20 billion, a decrease of 9 percent in local currency and 8 percent in U.S. dollars from the fourth quarter last fiscal year. Absent the impact of the Agreement, consulting net revenues for the fourth quarter


The following information was filed by Accenture Ltd on Thursday, September 28, 2006 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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SEC Filing Tools
CIK: 1134538
Form Type: 10-K Annual Report
Accession Number: 0000950137-06-011140
Submitted to the SEC: Wed Oct 18 2006 5:23:05 PM EST
Accepted by the SEC: Wed Oct 18 2006
Period: Thursday, August 31, 2006
Industry: Business Services

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