Exhibit 99

Accenture Reports Strong Fourth-Quarter and Full-Year Fiscal 2017 Results

-- For the fourth quarter, revenues increase 8% in both U.S. dollars and local currency, to $9.1 billion; GAAP EPS are $1.48, a 13% increase from adjusted EPS of $1.31 in the fourth quarter of fiscal 2016; free cash flow is $1.8 billion --

-- For full fiscal year, revenues increase 6% in U.S. dollars and 7% in local currency, to $34.9 billion; GAAP EPS of $5.44 include a $0.47 pension settlement charge; excluding this charge, EPS are $5.91, an 11% increase from adjusted EPS of $5.34 in fiscal 2016; free cash flow is $4.5 billion --
 
-- New bookings are $10.1 billion for fourth quarter and $37.4 billion for full year --

-- Company increases semi-annual cash dividend 10%, to $1.33 per share --

-- For fiscal year 2018, Accenture expects net revenue growth of 5% to 8% in local currency and GAAP EPS of $6.36 to $6.60 --

NEW YORK; Sept. 28, 2017 — Accenture (NYSE: ACN) reported strong financial results for the fourth quarter and full fiscal year ended Aug. 31, 2017.

For the fourth quarter, net revenues were $9.1 billion, an increase of 8 percent in both U.S. dollars and local currency compared with the fourth quarter of fiscal 2016. GAAP diluted earnings per share were $1.48, compared with $1.68 for the fourth quarter last year, which included $0.37 from gains on the sale of businesses. Excluding these gains, diluted EPS for the fourth quarter last year were $1.31 on an adjusted basis. Operating margin for the fourth quarter of fiscal 2017 was 14.2 percent, an expansion of 10 basis points. Operating cash flow was $1.9 billion and free cash flow was $1.8 billion. New bookings were $10.1 billion.

For the full fiscal year, net revenues were $34.9 billion, an increase of 6 percent in U.S. dollars and 7 percent in local currency compared with fiscal 2016. GAAP diluted earnings per share were $5.44, compared with $6.45 in fiscal 2016. EPS for fiscal 2017 included a pension settlement charge of $0.47 per share; EPS for fiscal 2016 included gains on the sale of businesses totaling $1.11 per share. Excluding these items, diluted EPS for fiscal 2017 were $5.91, compared with $5.34 in fiscal 2016, on an adjusted basis. GAAP operating margin for fiscal 2017 was 13.3 percent. Excluding the impact of the pension settlement charge, operating margin was 14.8 percent on an adjusted basis, compared with 14.6 percent in fiscal 2016. Operating cash flow for fiscal 2017 was $5.0 billion and free cash flow was $4.5 billion. New bookings were $37.4 billion.

In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of $1.33 per share, an increase of $0.12 per share, or 10 percent, over its previous semi-annual dividend, declared in March.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our excellent financial results for both the fourth quarter and the full fiscal year 2017. For the year, we again delivered profitable growth, with broad-based revenue growth of 7 percent in local currency, EPS growth of 11 percent on an adjusted basis and very strong free cash flow.

“Our durable performance over the last few years reflects the successful rotation of our business to high-growth areas such as digital, cloud and security services, which accounted for







approximately 50 percent of total revenues in fiscal 2017. Our strategy is clearly differentiating Accenture in the marketplace, enabling us to gain significant market share. With our focused investments and disciplined management of the business, we are confident in our ability to continue delivering value for our clients and shareholders.”

Financial Review

Fourth Quarter Fiscal 2017

Revenues before reimbursements (“net revenues”) for the fourth quarter of fiscal 2017 were $9.15 billion, compared with $8.49 billion for the fourth quarter of fiscal 2016, an increase of 8 percent in both U.S. dollars and local currency. Net revenues for the quarter reflect a flat foreign-exchange impact, compared with the negative 0.5 percent impact we had previously assumed. Adjusting for the actual foreign-exchange impact, the company’s guided range for quarterly net revenues was approximately $8.90 billion to $9.15 billion. Accenture’s fourth quarter fiscal 2017 net revenues were at the top of this adjusted range.

Consulting net revenues were $4.93 billion, an increase of 7 percent in both U.S. dollars and local currency compared with the fourth quarter of fiscal 2016.

Outsourcing net revenues were $4.22 billion, an increase of 9 percent in U.S. dollars and 8 percent in local currency compared with the fourth quarter of fiscal 2016.

GAAP diluted EPS for the fourth quarter were $1.48, compared with $1.68 for the fourth quarter last year, which included gains on the sale of businesses of $295 million pre-tax, or $0.37 per share. Excluding these gains, EPS for the fourth quarter last year were $1.31 on an adjusted basis. The $0.17, or 13 percent, increase in EPS on an adjusted basis reflects:

an $0.11 increase from higher revenue and operating results;
a $0.03 increase from lower non-operating expense;
a $0.02 increase from a lower share count; and
a $0.01 increase from a lower effective tax rate.
 
Gross margin (gross profit as a percentage of net revenues) for the fourth quarter was 31.5 percent, compared with 31.3 percent for the fourth quarter of fiscal 2016. Selling, general and administrative (SG&A) expenses for the fourth quarter were $1.59 billion, or 17.4 percent of net revenues, compared with $1.46 billion, or 17.2 percent of net revenues, for the fourth quarter of fiscal 2016.
 
Operating income for the fourth quarter of fiscal 2017 was $1.30 billion, or 14.2 percent of net revenues, compared with $1.20 billion, or 14.1 percent of net revenues, for the fourth quarter of fiscal 2016. Operating margin for the fourth quarter of fiscal 2017 expanded 10 basis points.

The company’s effective tax rate for the fourth quarter was 23.9 percent, compared with 22.5 percent for the fourth quarter of fiscal 2016. Excluding the impact of the gains on the sale of businesses, the effective tax rate for the fourth quarter of fiscal 2016 was 24.3 percent on an adjusted basis.

Net income for the quarter was $983 million, compared with $1.13 billion for the fourth quarter last year. Excluding the $249 million after-tax impact of the gains on the sale of businesses, net income for the fourth quarter of fiscal 2016 was $881 million on an adjusted basis.






Operating cash flow for the fourth quarter was $1.94 billion, and property and equipment additions were $191 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $1.75 billion. For the same period of fiscal 2016, operating cash flow was $2.07 billion, property and equipment additions were $160 million, and free cash flow was $1.91 billion.

Days services outstanding, or DSOs, were 39 days at Aug. 31, 2017, compared with 39 days at Aug. 31, 2016.

Accenture’s total cash balance at Aug. 31, 2017 was $4.1 billion, compared with $4.9 billion at Aug. 31, 2016.

New Bookings

New bookings for the fourth quarter were $10.1 billion and reflect a positive 0.5 percent foreign-exchange impact compared with new bookings in the fourth quarter of fiscal 2016.

Consulting new bookings were $5.1 billion, or 50 percent of total new bookings.

Outsourcing new bookings were $5.0 billion, or 50 percent of total new bookings.

Net Revenues by Operating Group

Net revenues by operating group for the fourth quarter were as follows:

Communications, Media & Technology: $1.82 billion, compared with $1.70 billion for the fourth quarter of fiscal 2016, an increase of 7 percent in both U.S. dollars and local currency.

Financial Services: $1.95 billion, compared with $1.80 billion for the fourth quarter of fiscal 2016, an increase of 9 percent in both U.S. dollars and local currency.

Health & Public Service: $1.61 billion, compared with $1.54 billion for the fourth quarter of fiscal 2016, an increase of 5 percent in U.S. dollars and 4 percent in local currency.

Products: $2.49 billion, compared with $2.25 billion for the fourth quarter of fiscal 2016, an increase of 10 percent in both U.S. dollars and local currency.

Resources: $1.26 billion, compared with $1.20 billion for the fourth quarter of fiscal 2016, an increase of 5 percent in both U.S. dollars and local currency.

Net Revenues by Geographic Region

Net revenues by geographic region for the fourth quarter were as follows:

North America: $4.23 billion, compared with $4.08 billion for the fourth quarter of fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

Europe: $3.12 billion, compared with $2.83 billion for the fourth quarter of fiscal 2016, an increase of 10 percent in both U.S. dollars and local currency.






Growth Markets: $1.80 billion, compared with $1.57 billion for the fourth quarter of fiscal 2016, an increase of 14 percent in both U.S. dollars and local currency.

Full Year Fiscal 2017

Net revenues for the full 2017 fiscal year were $34.9 billion, compared with $32.9 billion for fiscal 2016, an increase of 6 percent in U.S. dollars and 7 percent in local currency. Net revenues for fiscal 2017 reflect a foreign-exchange impact of approximately negative 1 percent compared with fiscal 2016.

Consulting net revenues were $18.8 billion, an increase of 5 percent in U.S. dollars and 6 percent in local currency compared with fiscal 2016.

Outsourcing net revenues were $16.1 billion, an increase of 7 percent in U.S. dollars and 8 percent in local currency compared with fiscal 2016.

GAAP diluted EPS for the full 2017 fiscal year were $5.44, compared with $6.45 for fiscal 2016. In fiscal 2017, a pension settlement charge of $510 million pre-tax, had a negative $0.47 impact on EPS. In fiscal 2016, gains totaling $849 million pre-tax, on the sale of businesses had a positive $1.11 impact on EPS. Excluding these items, diluted EPS of $5.91 for fiscal 2017 increased $0.57, or 11 percent, from $5.34 for fiscal 2016 on an adjusted basis. The $0.57 increase in EPS on an adjusted basis reflects:

a $0.38 increase from higher revenue and operating results;
a $0.09 increase from a lower effective tax rate; and
a $0.06 increase from a lower share count; and
a $0.04 increase from lower non-operating expense.

Gross margin (gross profit as a percentage of net revenues) for fiscal 2017 was 31.7 percent, compared with 31.3 percent for fiscal 2016. Selling, general and administrative (SG&A) expenses for the full fiscal year were $5.89 billion, or 16.9 percent of net revenues, compared with $5.47 billion, or 16.6 percent of net revenues, for fiscal 2016.

GAAP operating income for the full fiscal year was $4.63 billion, or 13.3 percent of net revenues, compared with $4.81 billion, or 14.6 percent of net revenues, for fiscal 2016. Excluding the impact of the pension settlement charge, operating income for fiscal 2017 was $5.14 billion on an adjusted basis, or 14.8 percent of net revenues, an expansion of 20 basis points from fiscal 2016.

Accenture’s annual effective tax rate for fiscal 2017 was 21.3 percent, compared with 22.4 percent in fiscal 2016. Excluding the impact of the pension settlement charge in fiscal 2017, and the gains on the sale of businesses in fiscal 2016, the effective tax rates were 23.0 percent and 24.2 percent, respectively, on an adjusted basis.

Net income for the full fiscal year was $3.63 billion, compared with $4.35 billion for fiscal 2016. Excluding the $312 million after-tax impact of the pension settlement charge in fiscal 2017, and the $745 million after-tax impact of the gains on the sale of businesses in fiscal 2016, net income was $3.95 billion and $3.60 billion, respectively, on an adjusted basis.







For the full 2017 fiscal year, operating cash flow was $4.97 billion and property and equipment additions were $516 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $4.46 billion. For fiscal 2016, operating cash flow was $4.67 billion, property and equipment additions were $497 million, and free cash flow was $4.17 billion.

New Bookings

New bookings for the full fiscal year were $37.4 billion, an increase of 6 percent in both U.S. dollars and local currency over fiscal 2016.

Consulting new bookings were $19.8 billion, an increase of 3 percent in U.S. dollars and 4 percent in local currency compared with fiscal 2016. Consulting represented 53 percent of new bookings in fiscal 2017.

Outsourcing new bookings were $17.6 billion, an increase of 8 percent in U.S. dollars and 9 percent in local currency compared with fiscal 2016. Outsourcing represented 47 percent of new bookings in fiscal 2017.

Net Revenues by Operating Group

Net revenues by operating group for the full fiscal year were as follows:

Communications, Media & Technology: $6.88 billion, compared with $6.62 billion for fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

Financial Services: $7.39 billion, compared with $7.03 billion for fiscal 2016, an increase of 5 percent in U.S. dollars and 7 percent in local currency.

Health & Public Service: $6.18 billion, compared with $5.99 billion for fiscal 2016, an increase of 3 percent in both U.S. dollars and local currency.

Products: $9.50 billion, compared with $8.40 billion for fiscal 2016, an increase of 13 percent in U.S. dollars and 14 percent in local currency.

Resources: $4.85 billion, compared with $4.84 billion for fiscal 2016, flat in U.S. dollars and an increase of 1 percent in local currency.

Net Revenues by Geographic Region

Net revenues by geographic region for the full fiscal year were as follows:

North America: $16.29 billion, compared with $15.65 billion for fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

Europe: $11.93 billion, compared with $11.45 billion for fiscal 2016, an increase of 4 percent in U.S. dollars and 8 percent in local currency.

Growth Markets: $6.63 billion, compared with $5.78 billion for fiscal 2016, an increase of 15 percent in U.S. dollars and 12 percent in local currency.







Rotation to “the New”

Net revenues from “the New” – digital-, cloud- and security-related services - were approximately $18 billion for fiscal 2017, an increase of about 30 percent over fiscal 2016. For the year, “the New” accounted for approximately 50 percent of total net revenues.

Returning Cash to Shareholders

Accenture continues to return cash to shareholders through cash dividends and share repurchases. In fiscal 2017, the company returned $4.22 billion to shareholders, including $1.57 billion in cash dividends and $2.65 billion in share repurchases.

Dividend

Accenture plc has declared a semi-annual cash dividend of $1.33 per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on Oct. 19, 2017, and Accenture Holdings plc will declare a semi-annual cash dividend of $1.33 per share on Accenture Holdings ordinary shares for shareholders of record at the close of business on Oct. 17, 2017. Both dividends are payable on Nov. 15, 2017. This represents an increase of $0.12 per share, or 10 percent, over the company’s previous semi-annual dividend, declared in March.

Share Repurchase Activity

During the fourth quarter of fiscal 2017, Accenture repurchased or redeemed 5.2 million shares, including 4.4 million shares repurchased in the open market, for a total of $657 million. During the full fiscal year 2017, Accenture repurchased or redeemed 22.1 million shares, including 18.0 million shares repurchased in the open market, for a total of $2.65 billion.

Accenture’s total remaining share repurchase authority at Aug. 31, 2017 was approximately $3.1 billion.

At Aug. 31, 2017, Accenture had approximately 643 million total shares outstanding, including 616 million Accenture plc Class A ordinary shares and minority holdings of 27 million shares (Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares).

Business Outlook

First Quarter Fiscal 2018

Accenture expects net revenues for the first quarter of fiscal 2018 to be in the range of $9.10 billion to $9.35 billion, 5 percent to 8 percent growth in local currency, reflecting the company’s assumption of a positive 2 percent foreign-exchange impact compared with the first quarter of fiscal 2017.

Fiscal Year 2018

Accenture’s business outlook for the full 2018 fiscal year assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 3 percent compared with fiscal 2017.







For fiscal 2018, the company expects net revenue growth to be in the range of 5 percent to 8 percent in local currency. The company expects GAAP diluted EPS to be in the range of $6.36 to $6.60.

Accenture expects operating margin for the full fiscal year to be in the range of 14.9 percent to 15.1 percent, an expansion of 10 to 30 basis points from adjusted operating margin for fiscal 2017.

For fiscal 2018, the company expects operating cash flow to be in the range of $5.0 billion to $5.3 billion; property and equipment additions to be $600 million; and free cash flow to be in the range of $4.4 billion to $4.7 billion.

The company expects its annual effective tax rate to be in the range of 23 percent to 25 percent.

Conference Call and Webcast Details

Accenture will host a conference call at 8:00 a.m. EDT today to discuss its fourth-quarter financial results. To participate, please dial +1 (800) 288-8961 [+1 (612) 332-0718 outside the United States, Puerto Rico and Canada] approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible live on the Investor Relations section of the Accenture Web site at www.accenture.com.

A replay of the conference call will be available online at www.accenture.com beginning at 10:30 a.m. EDT today, Sept. 28, and continuing until Thursday, Dec. 21, 2017. A podcast of the conference call will be available online at www.accenture.com beginning approximately 24 hours after the call and continuing until Thursday, Dec. 21, 2017. The replay will also be available via telephone by dialing +1 (800) 475-6701 [+1 (320) 365-3844 outside the United States, Puerto Rico and Canada] and entering access code 428382 from 10:30 a.m. EDT today, Sept. 28, through Thursday, Dec. 21, 2017.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 425,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Additional Information

Accenture discloses information about “the New” – digital-, cloud- and security-related services – to provide additional insights into the company’s business. Net revenues for “the New” are approximate, require judgment to allocate revenues for arrangements with multiple offerings and may be modified to reflect periodic changes to the definition of “the New.”

Non-GAAP Financial Information

This news release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP)






are included in this press release. Financial results “in local currency” are calculated by restating current-period activity into U.S. dollars using the comparable prior-year period’s foreign-currency exchange rates. Accenture’s management believes providing investors with this information gives additional insights into Accenture’s results of operations. While Accenture’s management believes that the non-GAAP financial measures herein are useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the company’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions, including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company’s results of operations; if the company is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company’s reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; the company’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

###









Contact:

Roxanne Taylor
Accenture
+1 (917) 452-5106
roxanne.taylor@accenture.com









ACCENTURE PLC
CONSOLIDATED INCOME STATEMENTS
(In thousands of U.S. dollars, except share and per share amounts)
(Unaudited)


 
 
Three Months Ended
 
Year Ended
 
 
August 31,
2017
 
% of Net Revenues
 
August 31,
2016
 
% of Net Revenues
 
August 31,
2017
 
% of Net Revenues
 
August 31,
2016
 
% of Net Revenues
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues before reimbursements
(“Net revenues”)
 
$
9,149,958

 
100
%
 
$
8,489,238

 
100
%
 
$
34,850,182

 
100
%
 
$
32,882,723

 
100
%
Reimbursements
 
490,948

 
 
 
476,342

 
 
 
1,915,296

 
 
 
1,914,938

 
 
Revenues
 
9,640,906

 
 
 
8,965,580

 
 
 
36,765,478

 
 
 
34,797,661

 
 
OPERATING EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of services:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of services before reimbursable expenses
 
6,263,285

 
68.5
%
 
5,833,698

 
68.7
%
 
23,819,690

 
68.3
%
 
22,605,296

 
68.7
%
Reimbursable expenses
 
490,948

 
 
 
476,342

 
 
 
1,915,296

 
 
 
1,914,938

 
 
Cost of services
 
6,754,233

 
 
 
6,310,040

 
 
 
25,734,986

 
 
 
24,520,234

 
 
Sales and marketing
 
1,007,769

 
11.0
%
 
940,544

 
11.1
%
 
3,754,313

 
10.8
%
 
3,580,439

 
10.9
%
General and administrative costs
 
582,342

 
6.4
%
 
519,798

 
6.1
%
 
2,133,777

 
6.1
%
 
1,886,543

 
5.7
%
Pension settlement charge
 

 
 
 

 
 
 
509,793

 
1.5
%
 

 
 
Total operating expenses
 
8,344,344

 
 
 
7,770,382

 
 
 
32,132,869

 
 
 
29,987,216

 
 
OPERATING INCOME
 
1,296,562

 
14.2
%
 
1,195,198

 
14.1
%
 
4,632,609

 
13.3
%
 
4,810,445

 
14.6
%
Interest income
 
12,366

 
 
 
8,952

 
 
 
37,940

 
 
 
30,484

 
 
Interest expense
 
(4,908
)
 
 
 
(3,952
)
 
 
 
(15,545
)
 
 
 
(16,258
)
 
 
Other (expense) income, net
 
(15,874
)
 
 
 
(36,531
)
 
 
 
(38,720
)
 
 
 
(69,922
)
 
 
Gain (loss) on sale of businesses
 
3,855

 
 
 
295,246

 
 
 
(252
)
 
 
 
848,823

 
 
INCOME BEFORE INCOME TAXES
 
1,292,001

 
14.1
%
 
1,458,913

 
17.2
%
 
4,616,032

 
13.2
%
 
5,603,572

 
17.0
%
Provision for income taxes
 
308,827

 
 
 
328,132

 
 
 
981,100

 
 
 
1,253,969

 
 
NET INCOME
 
983,174

 
10.7
%
 
1,130,781

 
13.3
%
 
3,634,932

 
10.4
%
 
4,349,603

 
13.2
%
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc.
 
(41,694
)
 
 
 
(50,031
)
 
 
 
(149,131
)
 
 
 
(195,560
)
 
 
Net income attributable to noncontrolling interests – other (1)
 
(9,027
)
 
 
 
(11,524
)
 
 
 
(40,652
)
 
 
 
(42,151
)
 
 
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC
 
$
932,453

 
10.2
%
 
$
1,069,226

 
12.6
%
 
$
3,445,149

 
9.9
%
 
$
4,111,892

 
12.5
%
CALCULATION OF EARNINGS PER SHARE:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Accenture plc
 
$
932,453

 
 
 
$
1,069,226

 
 
 
$
3,445,149

 
 
 
$
4,111,892

 
 
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (2)
 
41,694

 
 
 
50,031

 
 
 
149,131

 
 
 
195,560

 
 
Net income for diluted earnings per share calculation
 
$
974,147

 
 
 
$
1,119,257

 
 
 
$
3,594,280

 
 
 
$
4,307,452

 
 
EARNINGS PER SHARE:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
            -Basic
 
$
1.51

 
 
 
$
1.72

 
 
 
$
5.56

 
 
 
$
6.58

 
 
            -Diluted
 
$
1.48

 
 
 
$
1.68

 
 
 
$
5.44

 
 
 
$
6.45

 
 
WEIGHTED AVERAGE SHARES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
            -Basic
 
617,515,125

 
 
 
622,555,642

 
 
 
620,104,250

 
 
 
624,797,820

 
 
            -Diluted
 
658,384,196

 
 
 
665,365,231

 
 
 
660,463,227

 
 
 
667,770,274

 
 
Cash dividends per share
 
$

 
 
 
$

 
 
 
$
2.42

 
 
 
$
2.20

 
 
_______________
(1)
Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc.
(2)
Diluted earnings per share assumes the redemption of all Accenture Holdings plc ordinary shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.




ACCENTURE PLC
SUMMARY OF REVENUES
(In thousands of U.S. dollars)
(Unaudited)


 
 
 
 
 
 
 
 
Percent
Increase
Local
Currency
 
 
 
 
 
 
Percent
Increase
U.S. Dollars
 
  
 
Three Months Ended
 
 
  
 
August 31, 2017
 
August 31, 2016
 
 
OPERATING GROUPS
 
 
 
 
 
 
 
 
Communications, Media & Technology
 
$
1,823,157

 
$
1,696,671

 
7%
 
7%
Financial Services
 
1,949,494

 
1,796,232

 
9
 
9
Health & Public Service
 
1,611,084

 
1,541,251

 
5
 
4
Products
 
2,486,314

 
2,252,315

 
10
 
10
Resources
 
1,261,615

 
1,199,073

 
5
 
5
Other
 
18,294

 
3,696

 
n/m
 
n/m
TOTAL Net Revenues
 
9,149,958

 
8,489,238

 
8%
 
8%
Reimbursements
 
490,948

 
476,342

 
3
 
 
TOTAL REVENUES
 
$
9,640,906

 
$
8,965,580

 
8%
 
 
GEOGRAPHY
 
 
 
 
 
 
 
 
North America
 
$
4,230,828

 
$
4,082,425

 
4%
 
4%
Europe
 
3,121,492

 
2,832,516

 
10
 
10
Growth Markets
 
1,797,638

 
1,574,297

 
14
 
14
TOTAL Net Revenues
 
$
9,149,958

 
$
8,489,238

 
8%
 
8%
TYPE OF WORK
 
 
 
 
 
 
 
 
Consulting
 
$
4,934,348

 
$
4,607,715

 
7%
 
7%
Outsourcing
 
4,215,610

 
3,881,523

 
9
 
8
TOTAL Net Revenues
 
$
9,149,958

 
$
8,489,238

 
8%
 
8%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent
Increase
Local
Currency
 
 
 
 
 
 
Percent
Increase
U.S. Dollars
 
  
 
Year Ended
 
 
  
 
August 31, 2017
 
August 31, 2016
 
 
OPERATING GROUPS
 
 
 
 
 
 
 
 
Communications, Media & Technology
 
$
6,884,738

 
$
6,615,717

 
4%
 
4%
Financial Services
 
7,393,945

 
7,031,053

 
5
 
7
Health & Public Service
 
6,177,846

 
5,986,878

 
3
 
3
Products
 
9,500,451

 
8,395,038

 
13
 
14
Resources
 
4,847,073

 
4,838,963

 
 
1
Other
 
46,129

 
15,074

 
n/m
 
n/m
TOTAL Net Revenues
 
34,850,182

 
32,882,723

 
6%
 
7%
Reimbursements
 
1,915,296

 
1,914,938

 
 
 
TOTAL REVENUES
 
$
36,765,478

 
$
34,797,661

 
6%
 
 
GEOGRAPHY
 
 
 
 
 
 
 
 
North America
 
$
16,290,842

 
$
15,653,290

 
4%
 
4%
Europe
 
11,933,093

 
11,448,361

 
4
 
8
Growth Markets
 
6,626,247

 
5,781,072

 
15
 
12
TOTAL Net Revenues
 
$
34,850,182

 
$
32,882,723

 
6%
 
7%
TYPE OF WORK
 
 
 
 
 
 
 
 
Consulting
 
$
18,753,796

 
$
17,867,891

 
5%
 
6%
Outsourcing
 
16,096,386

 
15,014,832

 
7
 
8
TOTAL Net Revenues
 
$
34,850,182

 
$
32,882,723

 
6%
 
7%
_______________
n/m = not meaningful



ACCENTURE PLC
OPERATING INCOME BY OPERATING GROUP
(In thousands of U.S. dollars)
(Unaudited)





 
Three Months Ended
 
 
  
August 31, 2017
 
August 31, 2016
 
 
 
Operating
Income
 
Operating
Margin
 
Operating
Income
 
Operating
Margin
 
Increase
(Decrease)
Communications, Media & Technology
$
289,273

 
16%
 
$
215,845

 
13%
 
$
73,428

Financial Services
298,686

 
15
 
280,064

 
16
 
18,622

Health & Public Service
177,873

 
11
 
181,502

 
12
 
(3,629
)
Products
383,661

 
15
 
358,737

 
16
 
24,924

Resources
147,069

 
12
 
159,050

 
13
 
(11,981
)
Operating Income (GAAP)
$
1,296,562

 
14.2%
 
$
1,195,198

 
14.1%
 
$
101,364



RECONCILIATION OF OPERATING INCOME, AS REPORTED (GAAP), TO ADJUSTED OPERATING INCOME (NON-GAAP)
(In thousands of U.S. dollars)
(Unaudited)

 
Year Ended
 
 
 
August 31, 2017
 
August 31, 2016
 
 
 
Operating
Income
 
Operating
Margin
 
Operating
Income
 
Operating
Margin
 
Increase
(Decrease)
Communications, Media & Technology
$
1,048,786

 
15%
 
$
965,574

 
15%
 
$
83,212

Financial Services
1,207,391

 
16
 
1,127,750

 
16
 
79,641

Health & Public Service
772,785

 
13
 
807,012

 
13
 
(34,227
)
Products
1,558,680

 
16
 
1,282,461

 
15
 
276,219

Resources
554,760

 
11
 
627,648

 
13
 
(72,888
)
Pension Settlement Charge (1)
(509,793
)
 
 

 
 
(509,793
)
Operating Income (GAAP)
4,632,609

 
13.3%
 
4,810,445

 
14.6%
 
(177,836
)
Pension Settlement Charge (1)
509,793

 
 
 

 
 
 
509,793

Adjusted Operating Income (non-GAAP)
$
5,142,402

 
14.8%
 
$
4,810,445

 
14.6%
 
$
331,957

_______________ 
(1) Represents pension settlement charge related to the termination of our U.S. pension plan.


















ACCENTURE PLC

RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE, AS REPORTED (GAAP), TO NET INCOME AND DILUTED EARNINGS PER SHARE, AS ADJUSTED (NON-GAAP)
(In thousands of U.S. dollars, except per share amounts)
(Unaudited)





 
Three Months Ended
 
August 31, 2017
 
August 31, 2016
 
As Reported (GAAP)
 
As Reported (GAAP)
 
Gain on
Sale of
Businesses(1)
 
Adjusted
(Non-GAAP)
Income before income taxes
$
1,292,001

 
$
1,458,913

 
$
(295,246
)
 
$
1,163,667

Provision for income taxes
308,827

 
328,132

 
(45,767
)
 
282,365

Net income
$
983,174

 
$
1,130,781

 
$
(249,479
)
 
$
881,302

 
 
 
 
 
 
 
 
Effective tax rate
23.9
%
 
22.5
%
 
 
 
24.3
%
Diluted earnings per share
$
1.48

 
$
1.68

 
$
(0.37
)
 
$
1.31




 
Year Ended
 
August 31, 2017
 
August 31, 2016
 
As Reported (GAAP)
 
Pension Settlement Charge (2)
 
Adjusted (Non-GAAP)
 
As Reported (GAAP)
 
Gain on
Sale of
Businesses(1)
 
Adjusted (Non-GAAP)
Income before incomes taxes
$
4,616,032

 
$
509,793

 
$
5,125,825

 
$
5,603,572

 
$
(848,823
)
 
$
4,754,749

Provision for income taxes
981,100

 
198,219

 
1,179,319

 
1,253,969

 
(104,045
)
 
1,149,924

Net income
$
3,634,932

 
$
311,574

 
$
3,946,506

 
$
4,349,603

 
$
(744,778
)
 
$
3,604,825

 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
21.3
%
 
 
 
23.0
%
 
22.4
%
 
 
 
24.2
%
Diluted earnings per share
$
5.44

 
$
0.47

 
$
5.91

 
$
6.45

 
$
(1.11
)
 
$
5.34

_______________ 
(1) Represents gain on the sale of businesses related to the divestiture of Navitaire and the partial divestiture of Duck Creek Technologies.
(2) Represents pension settlement charge related to the termination of our U.S. pension plan.







ACCENTURE PLC
CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
 


    
 
 
August 31, 2017
 
August 31, 2016
 
 
(Unaudited)
 
 
ASSETS
 
 
 
 
CURRENT ASSETS:
 
 
 
 
Cash and cash equivalents
 
$
4,126,860

 
$
4,905,609

Short-term investments
 
3,011

 
2,875

Receivables from clients, net
 
4,569,214

 
4,072,180

Unbilled services, net
 
2,316,043

 
2,150,219

Other current assets
 
1,082,161

 
845,339

Total current assets
 
12,097,289

 
11,976,222

NON-CURRENT ASSETS:
 
 
 
 
Unbilled services, net
 
40,938

 
68,145

Investments
 
211,610

 
198,633

Property and equipment, net
 
1,140,598

 
956,542

Goodwill
 
5,002,352

 
3,609,437

Other non-current assets
 
4,197,103

 
3,800,025

Total non-current assets
 
10,592,601

 
8,632,782

TOTAL ASSETS
 
$
22,689,890

 
$
20,609,004

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
CURRENT LIABILITIES:
 
 
 
 
Current portion of long-term debt and bank borrowings
 
$
2,907

 
$
2,773

Accounts payable
 
1,525,065

 
1,280,821

Deferred revenues
 
2,669,520

 
2,364,728

Accrued payroll and related benefits
 
4,060,364

 
4,040,751

Other accrued liabilities
 
1,566,423

 
1,189,851

Total current liabilities
 
9,824,279

 
8,878,924

NON-CURRENT LIABILITIES:
 
 
 
 
Long-term debt
 
22,163

 
24,457

Other non-current liabilities
 
3,133,248

 
3,516,247

Total non-current liabilities
 
3,155,411

 
3,540,704

TOTAL ACCENTURE PLC SHAREHOLDERS’ EQUITY
 
8,949,477

 
7,555,262

NONCONTROLLING INTERESTS
 
760,723

 
634,114

TOTAL SHAREHOLDERS’ EQUITY
 
9,710,200

 
8,189,376

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
 
$
22,689,890

 
$
20,609,004






ACCENTURE PLC
CONSOLIDATED CASH FLOWS STATEMENTS
(In thousands of U.S. dollars)
(Unaudited)


 
 
Three Months Ended
 
Year Ended
 
 
August 31, 2017
 
August 31, 2016
 
August 31, 2017
 
August 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
Net income
 
$
983,174

 
$
1,130,781

 
$
3,634,932

 
$
4,349,603

Depreciation, amortization and asset impairments
 
232,069

 
193,415

 
801,789

 
729,052

Share-based compensation expense
 
183,298

 
173,532

 
795,235

 
758,176

Pension settlement charge
 

 

 
460,908

 

(Gain) loss on the sale of businesses
 
(3,855
)
 
(295,246
)
 
252

 
(848,823
)
Change in assets and liabilities/other, net
 
547,196

 
863,477

 
(720,077
)
 
(320,608
)
Net cash provided by (used in) operating activities
 
1,941,882

 
2,065,959

 
4,973,039

 
4,667,400

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
Purchases of property and equipment
 
(191,146
)
 
(160,066
)
 
(515,919
)
 
(496,566
)
Purchases of businesses and investments, net of cash acquired
 
(462,688
)
 
(99,994
)
 
(1,704,188
)
 
(932,542
)
Proceeds from sale of businesses and investments, net of cash transferred
 
154

 
196,228

 
(24,035
)
 
814,538

Other investing, net
 
1,286

 
1,360

 
10,263

 
4,220

Net cash provided by (used in) investing activities
 
(652,394
)
 
(62,472
)
 
(2,233,879
)
 
(610,350
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
Proceeds from issuance of ordinary shares
 
75,125

 
65,365

 
676,045

 
591,357

Purchases of shares
 
(656,846
)
 
(639,939
)
 
(2,649,051
)
 
(2,604,989
)
Cash dividends paid
 

 

 
(1,567,578
)
 
(1,438,138
)
Other financing, net
 
(10,843
)
 
(24,084
)
 
(19,651
)
 
(37,448
)
Net cash provided by (used in) financing activities
 
(592,564
)
 
(598,658
)
 
(3,560,235
)
 
(3,489,218
)
Effect of exchange rate changes on cash and cash equivalents
 
47,728

 
2,902

 
42,326

 
(22,989
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
744,652

 
1,407,731

 
(778,749
)
 
544,843

CASH AND CASH EQUIVALENTS, beginning of period
 
3,382,208

 
3,497,878

 
4,905,609

 
4,360,766

CASH AND CASH EQUIVALENTS, end of period
 
$
4,126,860

 
$
4,905,609

 
$
4,126,860

 
$
4,905,609




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