Accenture Holdings Plc (AHP) 10-Q Quarterly Report June 2017

-- EPS of $1.05 included a $0.47 pension settlement charge. Excluding this charge, EPS were $1.52, compared with $1.41 in the third quarter last year --

-- Operating income was $865 million, including the $510 million pension settlement charge. Excluding the charge, operating income was $1.38 billion with operating margin of 15.5%, compared with $1.31 billion and 15.5% in the third quarter last year --

-- New bookings were $9.8 billion, with record consulting bookings of $5.2 billion

and outsourcing bookings of $4.6 billion --

-- “The New” – digital-, cloud- and security-related services – accounted for approximately 50% of total revenues, with continued strong double-digit growth --

-- Accenture updates business outlook for fiscal 2017 --

NEW YORK; June 22, 2017 — Accenture (NYSE: ACN) reported financial results for the third quarter of fiscal 2017, ended May 31, 2017, with net revenues of $8.9 billion, an increase of 5 percent in U.S. dollars and 7 percent in local currency over the same period last year.

Diluted earnings per share were $1.05, including the impact of a pension settlement charge of $510 million, pre-tax, or $0.47 per share, in connection with the company’s previously disclosed termination of its U.S. pension plan. Excluding this charge, diluted earnings per share were $1.52, compared with $1.41 for the third quarter last year.

Operating income for the quarter was $865 million, or 9.8 percent of net revenues, including the $510 million pension settlement charge. Excluding this charge, operating income was $1.38 billion, or 15.5 percent of net revenues, compared with $1.31 billion, or 15.5 percent of net revenues for the third quarter last year.

New bookings for the quarter were $9.8 billion, with record consulting bookings of $5.2 billion and outsourcing bookings of $4.6 billion.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our strong third-quarter financial results. We delivered 7 percent revenue growth in local currency and gained significant market share, with broad-based growth across most dimensions of our business. I am particularly pleased with our new bookings of $9.8 billion, which demonstrate that our services and capabilities continue to be highly differentiated in the marketplace.

“We are clearly benefiting from the diversity of our business – from an industry, geographic and capability standpoint – which drives durability in our financial performance. At the same time, our focused investments in high-growth areas, such as digital, cloud and security services, are further differentiating Accenture and enabling us to grow ahead of the market. We remain very well-positioned to continue driving profitable growth and delivering value for our clients and shareholders.”

The following information was filed by Accenture Holdings Plc (AHP) on Thursday, June 22, 2017 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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Accenture Holdings Plc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Section 302 Certification Of The Chief Executive Officer

Exhibit 31.2: Section 302 Certification Of The Chief Financial Officer

Exhibit 32.1: Section 906 Certification Of The Chief Executive Officer

Exhibit 32.2: Section 906 Certification Of The Chief Financial Officer

Ticker: AHP
CIK: 1647339
Form Type: 10-Q Quarterly Report
Accession Number: 0001647339-17-000009
Submitted to the SEC: Thu Jun 22 2017 4:26:44 PM EST
Accepted by the SEC: Thu Jun 22 2017
Period: Wednesday, May 31, 2017
Industry: Business Services

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Accenture Holdings Plc (AHP) SEC Filing 10-Q Quarterly report for the period ending Wednesday, May 31, 2017

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