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Accenture Plc (ACN) SEC Filing 10-K Annual report for the fiscal year ending Friday, August 31, 2018

Accenture Plc

CIK: 1467373 Ticker: ACN


Exhibit 99

Accenture Reports Very Strong Fourth-Quarter and Full-Year Fiscal 2018 Results

-- For the fourth quarter, revenues increase 11% in both U.S. dollars and local currency, to $10.1 billion; EPS are $1.58, a 7% increase; free cash flow is $1.9 billion --

-- For full fiscal year, revenues increase 14% in U.S. dollars and 10.5% in local currency, to $39.6 billion; GAAP EPS of $6.34 include $0.40 in charges related to tax law changes; excluding these charges, EPS are $6.74, a 14% increase from adjusted EPS of $5.91 in fiscal 2017; free cash flow is $5.4 billion --
 
-- New bookings are $10.8 billion for fourth quarter and $42.8 billion for full year --

-- Company increases semi-annual cash dividend 10%, to $1.46 per share; Board of Directors approves $5.0 billion of additional share repurchase authority --

-- For fiscal year 2019, Accenture expects revenue growth of 5% to 8% in local currency and GAAP EPS of $6.98 to $7.25 --

NEW YORK; Sept. 27, 2018 — Accenture (NYSE: ACN) reported very strong financial results for the fourth quarter and full fiscal year ended Aug. 31, 2018.

For the fourth quarter, net revenues were $10.1 billion, an increase of 11 percent in both U.S. dollars and local currency compared with the fourth quarter of fiscal 2017. Diluted earnings per share were $1.58, a 7 percent increase from $1.48 for the fourth quarter last year. Operating margin for the fourth quarter of fiscal 2018 was 14.3 percent, an expansion of 10 basis points. Operating cash flow was $2.1 billion and free cash flow was $1.9 billion. New bookings were $10.8 billion.

For the full fiscal year, net revenues were $39.6 billion, an increase of 14 percent in U.S. dollars and 10.5 percent in local currency compared with fiscal 2017. GAAP diluted earnings per share were $6.34, compared with $5.44 in fiscal 2017. EPS for fiscal 2018 included $0.40 in charges related to tax law changes; EPS for fiscal 2017 included a pension settlement charge of $0.47 per share. Excluding these items, diluted EPS for fiscal 2018 were $6.74, compared with $5.91 in fiscal 2017. Operating margin for fiscal 2018 was 14.8 percent, compared with 13.3 percent for fiscal 2017, which included the impact of the pension settlement charge. Excluding the pension settlement charge, operating margin for fiscal 2017 was 14.8 percent. Operating cash flow for fiscal 2018 was $6.0 billion and free cash flow was $5.4 billion. New bookings were $42.8 billion.

Accenture’s Board of Directors has declared a semi-annual cash dividend of $1.46 per share, an increase of $0.13 per share, or 10 percent, over its previous semi-annual dividend, declared in March. In addition, the Board has approved moving from a semi-annual to a quarterly schedule for the payment of dividends starting in the first quarter of fiscal 2020. The Board has also approved $5.0 billion in additional share repurchase authority.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are very pleased with our outstanding financial results for the fourth quarter and the full fiscal year 2018. For the year, our broad-based revenue growth of 10.5 percent in local currency and record new bookings of $42.8 billion reflect continued excellent demand for our services. We also delivered 14 percent EPS growth on an adjusted basis, generated very strong free cash flow and returned $4.3 billion in cash to our shareholders. 



The following information was filed by Accenture Plc (ACN) on Thursday, September 27, 2018 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Accenture Plc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
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Consolidated Cash Flows Statements
Consolidated Income Statements
Consolidated Shareholders' Equity Statements
Consolidated Statements Of Comprehensive Income
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Details)
Borrowings And Indebtedness
Borrowings And Indebtedness (Tables)
Borrowings And Indebtedness - Additional Information (Details)
Borrowings And Indebtedness - Borrowing Facilities Including Letters Of Credit (Details)
Business Combinations And Divestiture
Business Combinations And Divestiture - Additional Information (Detail)
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Commitments And Contingencies - Additional Information (Detail)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Additional Information (Detail)
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Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Basic And Diluted Earnings Per Share (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Amortization (Details)
Goodwill And Intangible Assets - Intangible Table By Major Class (Details)
Goodwill And Intangible Assets Goodwill And Intangible Assets - Goodwill Rollforward (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Components Of Income Before Income Taxes (Details)
Income Taxes - Components Of Income Tax Expense (Details)
Income Taxes - Reconciliation Of U.S. Federal Statutory Income Tax Rate To Effective Income Tax Rate (Details)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Details)
Lease Commitments
Lease Commitments (Tables)
Lease Commitments - Future Minimum Rental Commitments Under Non-Cancelable Operating Leases (Details)
Lease Commitments - Rental Expense, Including Operating Costs And Taxes And Sublease Income From Third Parties (Details)
Material Transactions Affecting Shareholders' Equity
Material Transactions Affecting Shareholders' Equity (Tables)
Material Transactions Affecting Shareholders' Equity - Additional Information (Details)
Material Transactions Affecting Shareholders' Equity - Company's Share Purchase Activity (Details)
Material Transactions Affecting Shareholders' Equity - Dividend Activity (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Components Of Property And Equipment, Net (Detail)
Quarterly Data
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Quarterly Data (Tables)
Retirement And Profit Sharing Plans
Retirement And Profit Sharing Plans (Tables)
Retirement And Profit Sharing Plans - Accumulated Benefit Obligation For Material Defined Benefit Pension Plans (Details)
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Retirement And Profit Sharing Plans - Changes In The Defined Benefit Pension Obligations, Plan Assets And Funded Status Of Material Defined Benefit Pension Plans (Details)
Retirement And Profit Sharing Plans - Estimated Future Benefit Payments (Details)
Retirement And Profit Sharing Plans - Fair Values Of The Material U.S. And Non-U.S. Defined Benefit Pension Plans Assets (Details)
Retirement And Profit Sharing Plans - Information For Material Defined Benefit Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets (Details)
Retirement And Profit Sharing Plans - Information For Material Defined Benefit Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets (Details)
Retirement And Profit Sharing Plans - Pre-Tax Accumulated Net Actuarial Loss And Prior Service Cost (Credit) Recognized In Accumulated Other Comprehensive Loss (Details)
Retirement And Profit Sharing Plans - Target Allocation For Fiscal 2018 And Weighted-Average Plan Assets Allocations By Asset Category, For Material Defined Benefit Pension Plans (Details)
Retirement And Profit Sharing Plans - Weighted-Average Assumptions Used To Determine The Fiscal Year-End Defined Benefit Pension Obligations (Details)
Retirement And Profit Sharing Plans Level 3 Assets (Details)
Segment Reporting
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Segment Reporting - Company's Reportable Operating Segments (Details)
Segment Reporting - Consolidated Net Revenues By Country (Details)
Segment Reporting - Consolidated Property And Equipment, Net By Country (Details)
Segment Reporting - Information Regarding Geography And Countries (Details)
Segment Reporting - Net Revenues By Type Of Work (Details)
Share-Based Compensation
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Share-Based Compensation - Additional Information (Details)
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Share-Based Compensation - Stock Option Activity (Details)
Share-Based Compensation - Summary Of Information With Respect To Share-Based Compensation (Details)
Shareholders' Equity
Shareholders' Equity - Additional Information (Detail)
Sumary Of Significant Accounting Policies - Estimated Useful Lives Of Property And Equipment (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Selected Components Of Operating Expenses (Details)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies - New Accounting Pronouncement (Details)
Ticker: ACN
CIK: 1467373
Form Type: 10-K Annual Report
Accession Number: 0001467373-18-000318
Submitted to the SEC: Wed Oct 24 2018 5:05:52 AM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Friday, August 31, 2018
Industry: Business Services

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