Accenture Reports Record Annual Revenues and EPS for Fiscal 2007
Quarterly revenues increase to record $5.11 billion
Annual revenues increase 18% to $19.70 billion; full-year EPS up 24%
Company declares annual cash dividend of $0.42 per share
NEW YORK; Sept. 27, 2007 Accenture (NYSE: ACN) reported record revenues for the fourth quarter
and record financial results for the full fiscal year ended Aug. 31, 2007, including its
highest-ever annual revenues, bookings, operating income and earnings per share.
Revenues before reimbursements (net revenues) for the fourth quarter were $5.11 billion, compared
with $3.97 billion in the fourth quarter of fiscal 2006, an increase of 29 percent in U.S. dollars
and 23 percent in local currency. GAAP diluted earnings per share for the fourth quarter were
For the full fiscal year, net revenues were $19.70 billion, an increase of 18 percent in U.S.
dollars and 13 percent in local currency over fiscal 2006 and above the high end of the companys
previously stated expectations. GAAP diluted earnings per share for the full year were $1.97, an
increase of 24 percent over fiscal 2006.
In addition, the company announced that its Board of Directors has declared an annual cash dividend
of $0.42 per share, an increase of $0.07, or 20 percent, over its previous annual dividend.
William D. Green, Accentures chairman & CEO, said, We are delighted with our outstanding
fourth-quarter and full-year results. We achieved double-digit revenue growth in U.S. dollars and
growth in local currency across all of our operating groups and geographies, leading to our highest
quarterly and annual revenues ever. We achieved double-digit EPS growth for the full year,
exceeding our EPS outlook. We expanded our operating margin, delivered strong cash flow and
maintained our solid balance sheet. Were also pleased to be able to return cash to shareholders
through our third annual cash dividend, in addition to repurchasing $2.3 billion of our shares
during the year.
Demand for our services, particularly in consulting, remains robust. Our outstanding performance
and continued momentum reflect the strength of our diverse and durable global business, enabling us
to differentiate ourselves from competitors and establish a unique market position based on helping
clients become high-performance businesses.
In addition to providing year-over-year GAAP comparisons, Accenture is presenting results for the
fourth quarter and full fiscal year 2006 on an adjusted basis. For the fourth quarter of 2006
these adjusted results exclude the net impact of the agreement resolving the NHS matter in that
quarter (the Agreement), which reduced fourth-quarter and full-year Consulting and overall net
revenues by $339 million, offset by a corresponding decrease in Cost of Services; and non-
recurring tax benefits recognized in the quarter. For the full year the adjusted results exclude
the fourth-quarter items mentioned above, the net impact of the NHS contract loss provision in