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Products operating income increased principally due to very strong revenue growth, as well as higher consulting contract profitability.
Net income attributable to noncontrolling interests for fiscal 2018 decreased $35 million, or 18%, from fiscal 2017, primarily due to the Accenture Holdings plc merger with and into Accenture plc on March 13, 2018, which decreased the non-controlling ownership percentage from 4% held by Accenture Holdings plc and Accenture Canada Holdings Inc. to less than 1% held by only Accenture Canada Holdings Inc. For additional information on the merger, see Note 1 Summary of Significant Accounting Policies to our Consolidated Financial Statements under Item 8, Financial Statements and Supplementary Data.
Communications, Media & Technology operating income increased primarily due to revenue growth and higher contract profitability.
Revenues are recognized on outsourcing contracts as amounts become billable in accordance with contract terms, unless the amounts are billed in advance of performance of services, in which case revenues are recognized when the services are performed and amounts are earned.
In addition, some contracts include incentives related to costs incurred, benefits produced or adherence to schedules that may increase the variability in revenues and margins earned on such contracts.
Resources operating income decreased due...Read more
Unfavorable fluctuations in foreign currency...Read more
The deferred costs are specific...Read more
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Estimates of total contract revenues...Read more
Our consulting revenue growth continues...Read more
If the U.S. dollar weakens...Read more
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Financial Services operating income increased...Read more
Financial Services operating income increased...Read more
During fiscal 2017, other expense...Read more
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For non-technology integration consulting contracts...Read more
The fiscal 2016 effective tax...Read more
Communications, Media & Technology operating...Read more
Resources operating income increased primarily...Read more
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Health & Public Service net...Read more
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Excluding the effect of this...Read more
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We strive to adjust pricing...Read more
The $149 million increase in...Read more
Effective September 1, 2017, we...Read more
Effective September 1, 2017, we...Read more
Revenues from fixed-price contracts are...Read more
Client prepayments even if nonrefundable...Read more
Amounts billable to the client...Read more
The pension settlement charge decreased...Read more
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Net revenues include the margin...Read more
Net income attributable to noncontrolling...Read more
If the amount of non-contingent...Read more
The $1.01 decrease in our...Read more
Resources net revenues increased 1%...Read more
Costs related to delivering outsourcing...Read more
Beginning in fiscal 2019, we...Read more
The Tax Act could modestly...Read more
These contracts may include any...Read more
If future events, including material...Read more
Consequently, since our first and...Read more
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However, final determinations of prior-year...Read more
Products net revenues increased 11%...Read more
We recorded a gain from...Read more
Absent the gain on sale...Read more
Outsourcing revenue growth in local...Read more
Gross margin for fiscal 2018...Read more
The Tax Act lowered the...Read more
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Revenue growth in local currency...Read more
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Consulting revenue growth in local...Read more
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Demand for our services and...Read more
Financial Services net revenues increased...Read more
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Health & Public Service operating...Read more
Communications, Media & Technology net...Read more
Financial Services net revenues increased...Read more
Such revisions may result in...Read more
Absent this charge and $81...Read more
Revenues are recognized in accordance...Read more
North America net revenues increased...Read more
Europe net revenues increased 9%...Read more
North America net revenues increased...Read more
We use the term pricing...Read more
For additional information, see Note...Read more
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Deferred tax assets and liabilities,...Read more
Gain Loss on Sale of...Read more
We continuously review and reassess...Read more
take advantage of opportunities, including...Read more
This increase was due to...Read more
Our five reportable operating segments...Read more
Cost of services before reimbursable...Read more
As we are a global...Read more
For the majority of our...Read more
Excluding these impacts, diluted earnings...Read more
We seek to manage our...Read more
See Note 13 Material Transactions...Read more
We continue to monitor the...Read more
In our consulting business, net...Read more
In our outsourcing business, net...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Accenture Plc provided additional information to their SEC Filing as exhibits
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