Accenture Ltd 10-Q Quarterly Report March 2008

NEW YORK; March 27, 2008 — Accenture (NYSE: ACN) reported strong financial results for the second quarter of fiscal 2008, ended Feb. 29, with net revenues of $5.61 billion, a year-over-year increase of 18 percent in U.S. dollars and 11 percent in local currency.

Consulting and outsourcing revenues both grew by double digits in U.S. dollars and in local currency, with outsourcing revenues the highest for any quarter.

Earnings per share were $0.64, an increase of 36 percent over the second quarter of fiscal 2007, driven by higher operating income and a lower tax rate in the quarter. In addition, the company has raised its outlook for earnings per share for the full fiscal year 2008 to a range of $2.55 to $2.60 from the previous range of $2.36 to $2.41 provided during the first-quarter earnings announcement in December 2007.

New bookings were $6.44 billion, with record quarterly consulting bookings of $3.79 billion. The company also grew operating income by 14 percent over the second quarter last year.

William D. Green, Accenture’s chairman & CEO, said, “Our strong performance in the second quarter reflects the momentum we have seen in the marketplace and the essential nature of our services, as clients rely on the value we deliver in helping them achieve high performance in a challenging economic environment. With strong bookings, including our highest consulting bookings ever, we are seeing solid demand for our services.

“We continue to invest with confidence in our capabilities across all dimensions of our business to ensure that we are meeting and anticipating our clients’ evolving needs. We are focused on maintaining firm operating discipline and are well positioned to achieve profitable growth through our emphasis on specialization, differentiation and superior execution.”

Financial Review

Revenues before reimbursements (“net revenues”) for the second quarter of fiscal 2008 were $5.61 billion, compared with $4.75 billion for the second quarter of fiscal 2007, an increase of 18 percent in U.S. dollars and 11 percent in local currency.

	•		Consulting net revenues were $3.35 billion, an increase of 18 percent in U.S. dollars and 11 percent in local currency over the second quarter last year.

	•		Outsourcing net revenues were $2.26 billion, an increase of 18 percent in U.S. dollars and 11 percent in local currency over the same period last year.

The following information was filed by Accenture Ltd on Thursday, March 27, 2008 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: 0000950137-08-004575
Submitted to the SEC: Fri Mar 28 2008 9:28:34 AM EST
Accepted by the SEC: Fri Mar 28 2008
Period: Friday, February 29, 2008
Industry: Business Services