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Accenture Ltd (1134538) SEC Filing 10-Q Quarterly report for the period ending Saturday, May 31, 2008

Accenture Ltd

CIK: 1134538
Exhibit 99.1
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 company’s 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 company’s 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, Accenture’s 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.”

 


The following information was filed by Accenture Ltd on Thursday, June 26, 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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SEC Filing Tools
CIK: 1134538
Form Type: 10-Q Quarterly Report
Accession Number: 0000950137-08-008852
Submitted to the SEC: Fri Jun 27 2008 8:36:27 AM EST
Accepted by the SEC: Fri Jun 27 2008
Period: Saturday, May 31, 2008
Industry: Business Services

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