Accenture Reports Strong Second-Quarter Fiscal 2008 Financial Results
Revenues increase 18%, to $5.61 billion, with consulting revenues of $3.35 billion and record
outsourcing revenues of $2.26 billion
EPS up 36%, to $0.64; company raises full-year EPS outlook to range of $2.55 to $2.60
New bookings of $6.44 billion include record consulting bookings of $3.79 billion
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, Accentures 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.
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.