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Accenture Reports Strong Fourth-Quarter and Full-Year Fiscal 2011 Results,
With Record Annual Revenues, EPS, Operating Margin,
Free Cash Flow and New Bookings
Fourth-quarter revenues increase 23% in U.S. dollars and 14% in local currency, to
$6.7 billion; quarterly EPS increase 38%, to $0.91; free cash flow is $1.2 billion
For full year, revenues increase 18% in U.S. dollars and 15% in local currency, to
$25.5 billion; EPS increase 28%, to $3.40; and free cash flow is $3.0 billion
New bookings are $8.4 billion for fourth quarter and $28.8 billion for full year
Company increases semi-annual cash dividend 50%, to 67.5 cents per share;
Board of Directors approves $5 billion of additional share repurchase authority
For fiscal year 2012, Accenture expects net revenue growth of 7% to 10% in local currency
and EPS of $3.80 to $3.88, an increase of 12% to 14%
NEW YORK; Sept. 27, 2011 Accenture (NYSE: ACN) reported strong financial results for the fourth quarter and full 2011 fiscal year, ended Aug. 31, 2011, with record annual revenues, earnings per share, operating margin, free cash flow and new bookings.
For the fourth quarter, revenues before reimbursements (net revenues) were $6.7 billion, an increase of 23 percent in U.S. dollars and 14 percent in local currency compared with the fourth quarter of fiscal 2010. Diluted earnings per share were $0.91, an increase of 38 percent. Operating margin was 13.8 percent. Operating cash flow was $1.4 billion and free cash flow was $1.2 billion, both quarterly records. New bookings were $8.4 billion, the companys highest quarterly bookings ever.
For the full fiscal year, net revenues were $25.5 billion, an increase of 18 percent in U.S. dollars and 15 percent in local currency compared with fiscal 2010. Diluted earnings per share were $3.40, an increase of 28 percent. Operating margin was 13.6 percent. Operating cash flow was $3.4 billion and free cash flow was $3.0 billion, which exceeded the top end of the companys expectations by more than $300 million. New bookings were $28.8 billion.
In addition, Accentures Board of Directors has declared a semi-annual cash dividend of 67.5 cents per share, an increase of 22.5 cents per share, or 50 percent, over its previous semi-annual dividend, declared in March. The Board also approved $5 billion in additional share repurchase authority.
Pierre Nanterme, Accentures chief executive officer, said, Our excellent results for the fourth quarter and full fiscal 2011 reflect the continued momentum in our business as we execute our growth strategy. We hit the top end of our range for both revenues and EPS and are particularly pleased with the growth across all dimensions of our business. In addition, we generated free cash flow of $3 billion for the year, which enabled us to return more than $2.8 billion to our shareholders through dividends and share repurchases and still close the year with an exceptionally strong balance sheet.
The following information was filed by Accenture Sca (SCA) on Tuesday, September 27, 2011 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.
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