Accenture Reports Fourth-Quarter and Full-Year Fiscal 2014 Results,
With Record Annual Revenues and New Bookings
— Fourth-quarter revenues increase 10% in U.S. dollars and 8% in local currency, to $7.8 billion; quarterly EPS increase 7%, to $1.08; free cash flow is $1.5 billion —
— For full fiscal year, revenues increase 5% in both U.S. dollars and local currency, to $30.0 billion; EPS are $4.52; free cash flow is $3.2 billion —
— New bookings are $8.3 billion for fourth quarter and $35.9 billion for full year —
— Company increases semi-annual cash dividend 10%, to $1.02 per share —
— For fiscal year 2015, Accenture expects net revenue growth of 4% to 7% in local currency and EPS of $4.74 to $4.88 —
NEW YORK; Sept. 24, 2014 — Accenture (NYSE: ACN) reported financial results for the fourth quarter and full fiscal year ended Aug. 31, 2014.
For the fourth quarter, net revenues were $7.8 billion, an increase of 10 percent in U.S. dollars and 8 percent in local currency compared with the fourth quarter of fiscal 2013, and above the company’s guided range of $7.45 billion to $7.70 billion. Diluted earnings per share were $1.08. Operating margin was 13.9 percent. Operating cash flow was $1.6 billion and free cash flow was $1.5 billion. New bookings were $8.3 billion.
For the full fiscal year, net revenues were $30.0 billion, an increase of 5 percent in both U.S. dollars and local currency compared with fiscal 2013. Diluted earnings per share were $4.52. Operating margin was 14.3 percent. Operating cash flow was $3.5 billion and free cash flow was $3.2 billion. New bookings were $35.9 billion, an annual record.
Accenture’s Board of Directors has declared a semi-annual cash dividend of $1.02 per share, an increase of $0.09 per share, or 10 percent, over its previous semi-annual dividend, declared in March.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We are very pleased with our financial results for both the fourth quarter and the full fiscal year 2014. Our very strong revenue growth of 8 percent for the fourth quarter was broad-based across the dimensions of our business, and on top of our strong revenue growth in the third quarter, enabled us to deliver an excellent second half of the year. For the full fiscal year, we again increased market share and delivered record new bookings, grew EPS faster than revenues, generated strong free cash flow, and returned $3.8 billion in cash to our shareholders.
“Our growth strategy is clearly resonating with the needs of our clients, which are the world’s leading companies. We are investing to further strengthen our industry expertise as well as to differentiate our capabilities—including in strategy, digital, technology, and operations. We
The following information was filed by Accenture Sca (SCA) on Wednesday, September 24, 2014 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.