Accenture is a global management consulting, technology services and outsourcing company, with more than 190,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009.
Financial Highlights
•Revenues increase 8% in U.S. dollars and 4% in local currency, to $5.57 billion
•EPS up $0.05, to $0.73
•Operating income increases 10%, to $804 million, with operating margin of 14.4%
•Company achieves bookings of $6.43 billion, with consulting bookings of $3.18 billion and outsourcing bookings of $3.25 billion
•Operating cash flow for the third quarter is $961 million
•Total cash balance at May 31, 2010 is $4.31 billion, compared with $4.54 billion at Aug. 31, 2009
Business Outlook
Fourth Quarter Fiscal 2010
Accenture expects net revenues for the fourth quarter of fiscal 2010 to be in the range of $5.15 billion to $5.35 billion. This range assumes a foreign-exchange impact of negative 5 percent compared with the fourth quarter of fiscal 2009.
Full Fiscal Year 2010
Accenture continues to expect net revenue growth for the full fiscal year to be at the low end of its previously guided range of negative 3 percent to positive 1 percent in local currency. The company now expects diluted EPS for the full fiscal year to be in the lower half of its previously guided range of $2.61 to $2.69. Accenture now expects operating margin for the full fiscal year to be 13.5 percent, a 10-basis-point increase from its previously guided range.
The company now expects operating cash flow to be in the range of $2.5 billion to $2.7 billion and free cash flow to be in the range of $2.3 billion to $2.5 billion, an increase of $200 million over its previously guided range.
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