Accenture Reports Strong Third-Quarter Fiscal 2008 Financial Results,
With Record Revenues and EPS
Revenues increase 20%, to $6.10 billion, with consulting revenues of $3.70 billion and
outsourcing revenues of $2.40 billion
EPS up 36%, to quarterly record of $0.74;
Company raises full-year EPS outlook to range of $2.63 to $2.65
New bookings of $6.77 billion include record consulting bookings of $3.98 billion
NEW YORK; June 26, 2008 Accenture (NYSE: ACN) reported strong financial results for the third
quarter of fiscal 2008, ended May 31, with net revenues of $6.10 billion, a year-over-year increase
of 20 percent in U.S. dollars and 12 percent in local currency and the highest quarterly net
revenues in the companys history. Consulting and outsourcing revenues were both quarterly
records, growing by double digits in U.S. dollars and local currency.
Earnings per share were $0.74, the highest for any quarter in the companys history and an increase
of 36 percent over the third quarter of fiscal 2007, driven
largely by strong growth in revenue
and operating income. In addition, the company has again raised its outlook for earnings per share
for the full fiscal year 2008, to a range of $2.63 to $2.65 from its previously guided range of
$2.55 to $2.60.
New bookings were $6.77 billion, with record quarterly consulting bookings of $3.98 billion.
The company grew operating income by 27 percent and expanded its operating margin by 70 basis
points over the third quarter last year.
William D. Green, Accentures chairman & CEO, said, Our excellent results in the third quarter
include our highest-ever quarterly revenues and earnings per share. In addition, our disciplined
approach to managing our diverse and global business enabled us to expand our operating margin, and
the solid bookings we achieved demonstrate continued strong global demand for our services, even in
markets experiencing difficult economic conditions.
We continue to benefit from our long-term relationships with our clients, who seek our help in
entering new markets, lowering the cost of doing business and managing increased levels of risk as
they work to achieve and maintain high performance. To ensure that we continue to meet and
anticipate our clients needs, we are investing in technological innovation and expanding our
skills and capabilities through both organic growth and tactical acquisitions. We see strong
momentum in our business as we look to the rest of the fiscal year, and we remain focused on
delivering value for our clients, and in turn, our shareholders.