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Accenture Ltd (1134538) SEC Filing 10-Q Quarterly report for the period ending Saturday, February 28, 2009

Accenture Ltd

CIK: 1134538
Exhibit 99.1
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, Accenture’s 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.”
Financial Review
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 2008.
 
    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.

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The following information was filed by Accenture Ltd on Thursday, March 26, 2009 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: 0000950137-09-002329
Submitted to the SEC: Fri Mar 27 2009 4:11:24 PM EST
Accepted by the SEC: Fri Mar 27 2009
Period: Saturday, February 28, 2009
Industry: Business Services

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