Accenture Reports Second-Quarter Fiscal 2009 Results
Company reports revenues of $5.27 billion and EPS of $0.63
Operating income up 6%, to $677 million;
Operating margin expands 150 basis points, to 12.9%
Company updates business outlook
NEW YORK; March 26, 2009 Accenture (NYSE: ACN) reported financial results for the second quarter
of fiscal 2009, ended Feb. 28, 2009, with net revenues of $5.27 billion, a decrease of 6 percent in
U.S. dollars and an increase of 3 percent in local currency over the second quarter last year.
Diluted earnings per share were $0.63.
Operating income grew 6 percent, to $677 million, and operating margin expanded 150 basis points,
to 12.9 percent.
New bookings for the quarter were $5.98 billion, with consulting bookings of $3.14 billion and
outsourcing bookings of $2.84 billion.
William D. Green, Accentures chairman & CEO, said, We delivered a solid quarter, given an
economic environment that is as challenging as any we have ever experienced. This increasingly
uncertain environment is affecting business broadly and has had a dramatic impact on some of our
clients. Against that backdrop, we grew revenues in local currency, grew operating income,
expanded operating margin by 150 basis points and delivered solid earnings per share. We also
generated significant cash flow, and our balance sheet remains exceptionally strong.
We continue to stay relevant and responsive to our clients to help them adapt to their changing
needs. We are revising our business outlook for the rest of the year to reflect the continued
uncertainty in the global marketplace. That said, we continued to grow market share, and our
results in the second quarter reflect our intense focus on the disciplined management of our
business. We believe we are well-positioned to continue to deliver significant value to our
clients and shareholders.
Revenues before reimbursements (net revenues) for the second quarter of fiscal 2009 were $5.27
billion, compared with $5.61 billion in the second quarter of fiscal 2008, a decrease of 6 percent
in U.S. dollars and an increase of 3 percent in local currency. Net revenues for the second
quarter of fiscal 2009 reflect a foreign-exchange impact of negative 9 percent.
||Consulting net revenues for the quarter were $3.03 billion, a decrease of 10 percent in
U.S. dollars and 1 percent in local currency compared with the second quarter of fiscal
||Outsourcing net revenues were $2.24 billion, a decrease of 1 percent in U.S. dollars and an
increase of 9 percent in local currency compared with the second quarter of fiscal 2008.