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Accenture Plc (ACN) SEC Filing 10-Q Quarterly report for the period ending Friday, May 31, 2019

Accenture Plc

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CIK: 1648636 Ticker: ACN


Exhibit 99

Accenture Reports Strong Third-Quarter Fiscal 2019 Results and Raises Business
Outlook for Fiscal 2019

-- Revenues increase 4% in U.S. dollars and 8.4% in local currency to $11.1 billion --
 
-- EPS are $1.93, compared with $1.60 for the third quarter last year, which included a $0.19 tax charge; EPS increase 8% from adjusted EPS of $1.79 in the third quarter last year --

-- Operating income increases 5% to $1.72 billion, with operating margin of 15.5%, an
expansion of 20 basis points --

-- New bookings are $10.6 billion, with consulting bookings of $6.0 billion and outsourcing
bookings of $4.6 billion --

-- Accenture updates business outlook for fiscal 2019; raises range for full-year revenue growth
to 8-9% in local currency; raises outlook for EPS to $7.28 to $7.35; and updates outlook for operating margin expansion to 20 basis points --

NEW YORK; June 27, 2019 — Accenture (NYSE: ACN) reported financial results for the third quarter of fiscal 2019, ended May 31, 2019, with revenues of $11.1 billion, an increase of 4 percent in U.S. dollars and 8.4 percent in local currency over the same period last year.

Diluted earnings per share were $1.93, compared with $1.60 for the third quarter last year, which included a $0.19 charge related to tax law changes. Diluted EPS for the third quarter of fiscal 2019 increased 8 percent from adjusted diluted EPS of $1.79 in the same period last year.

Operating income was $1.72 billion, a 5 percent increase over the same period last year, and operating margin was 15.5 percent, an expansion of 20 basis points.

New bookings for the quarter were $10.6 billion, with consulting bookings of $6.0 billion and outsourcing bookings of $4.6 billion.

David Rowland, Accenture’s interim chief executive officer, said, “We are very pleased with our strong third-quarter financial results and the continued momentum in our business. With revenue growth of 8.4 percent in local currency, we again gained significant market share. We also delivered strong profitability, generated outstanding free cash flow and returned $1.4 billion in cash to our shareholders.

“The strength and consistency of our performance reflect the unique diversity of Accenture’s business — from an industry, geographic and capability standpoint — as well as the continued successful execution of our growth strategy. Our substantial investments in strategic, high-growth areas are clearly differentiating us and driving growth ahead of the market. We remain confident in our ability to continue delivering profitable growth and significant value for our clients and shareholders.”

Financial Review

Effective Sept. 1, 2018, Accenture adopted new accounting standards that affect the accounting for revenue and pension costs. Prior-period results have been revised to reflect the fiscal 2019 presentation, and the revised fiscal 2018 results are available at investor.accenture.com.



The following information was filed by Accenture Plc (ACN) on Thursday, June 27, 2019 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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Inside Accenture Plc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Cash Flows Statements
Consolidated Income Statements
Consolidated Shareholders' Equity Statement
Consolidated Statements Of Comprehensive Income
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss Derivatives Designated As Cash Flow Hedges (Details)
Basis Of Presentation
Basis Of Presentation (Policies)
Basis Of Presentation - Additional Information (Details)
Basis Of Presentation Asu Adoption - Balance Sheet Impacts (Details)
Basis Of Presentation Impact Of New Accounting Pronouncements Adopted (Tables)
Business Combinations
Business Combinations- Additional Information (Detail)
Commitments And Contingencies
Commitments And Contingencies (Policies)
Commitments And Contingencies - Additional Information (Detail)
Earnings Per Share
Earnings Per Share (Detail)
Earnings Per Share (Tables)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Additional Information (Detail)
Financial Instruments - Notional And Fair Values Of All Derivative Instruments (Detail)
Financial Instruments Equity Securities Without Readily Determinable Fair Values (Details)
Financial Instruments Offsetting Derivative Assets And Liabilities (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Amortization (Details)
Goodwill And Intangible Assets - Goodwill Rollforward (Details)
Goodwill And Intangible Assets - Intangible Table By Major Class (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Policies)
Material Transactions Affecting Shareholders' Equity
Material Transactions Affecting Shareholders' Equity (Tables)
Material Transactions Affecting Shareholders' Equity - Dividend Activity (Detail)
Revenues
Revenues Contract Balances (Details)
Revenues Contract Balances (Tables)
Revenues Contract Estimates (Details)
Revenues Performance Obligations (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Additional Information (Detail)
Segment Reporting - Reportable Operating Segments (Detail)
Ticker: ACN
CIK: 1467373
Form Type: 10-Q Quarterly Report
Accession Number: 0001467373-19-000217
Submitted to the SEC: Thu Jun 27 2019 12:18:02 PM EST
Accepted by the SEC: Thu Jun 27 2019
Period: Friday, May 31, 2019
Industry: Business Services

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