Accenture Reports Third-Quarter Fiscal 2015 Results
— Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency —
— EPS of $1.24 include a $0.06 non-cash pension settlement charge. Excluding this charge, EPS
are $1.30, a 3% increase —
— Operating income is $1.13 billion, including a $64 million non-cash pension settlement
charge. Excluding the charge, operating income is $1.20 billion and operating margin is 15.4%,
an expansion of 20 basis points —
— New bookings are $8.5 billion, with consulting bookings of $4.5 billion
and outsourcing bookings of $4.0 billion —
— Accenture updates business outlook for fiscal 2015; expects full-year revenue growth of 9-
10% in local currency, compared with 8-10% previously; raises outlook for full-year GAAP EPS
to range of $4.67 to $4.72 from $4.61 to $4.71 previously —
NEW YORK; June 25, 2015 — Accenture (NYSE: ACN) reported financial results for the third quarter of fiscal 2015, ended May 31, 2015, with net revenues of $7.8 billion, an increase of 0.4 percent in U.S. dollars and 10 percent in local currency over the same period last year.
Diluted earnings per share were $1.24, including a non-cash pension settlement charge of $64 million, pre-tax, or $0.06 per share. Excluding this charge, diluted earnings per share were $1.30, an increase of $0.04, or 3 percent, over the same period last year. The charge related to lump-sum payments made from the company’s U.S. pension plan to former employees who elected to receive such payments. The payments settled the company’s pension obligations to those who participated.
Operating income for the quarter was $1.13 billion, including the $64 million pension settlement charge. Excluding the charge, operating income increased 2 percent, to $1.20 billion, and operating margin expanded 20 basis points, to 15.4 percent.
New bookings for the quarter were $8.5 billion, with consulting bookings of $4.5 billion and outsourcing bookings of $4.0 billion.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We are very pleased with our financial results for the third quarter. We delivered 10 percent revenue growth in local currency, which was broad-based across the business, and we gained significant market share. New bookings of $8.5 billion bring us to $25.5 billion for the first three quarters of the year, demonstrating the continued strong demand for our services. We generated solid free cash flow and returned $1.2 billion in cash to our shareholders, while investing significantly in our business.
“We are clearly benefiting from our recent investments across the different dimensions of our business in digital services, where we grew more than 30 percent in local currency in the quarter. Looking ahead, we remain focused on further differentiating our capabilities and capturing new
The following information was filed by Accenture Sca (SCA) on Thursday, June 25, 2015 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.