Saturday, September 27, 2008

Accenture has Record Revenue, EPS, Booking, Operating Income, Cash Flow

Time flies (I know this is so cliche), and it is about 5 months since I left Accenture. A few days ago, I walked back into Accenture's office for the 1st time since I left to meet with HR folks there, on behalf of . The feeling is so special. A place that is so familiar. Nothing much changed, especially in the setting of the office etc.

Lots of memory I had in Accenture, and to be frank, I missed the people there. The camaraderie that I had there, is definitely something that I enjoy thoroughly. The caring nature of people, especially since we are from the same age group.

And today, I woke up to see that Accenture share price went up from 37.17 to 39.55. That's an up of 6.4%. It is due to record breaking revenue, booking, margin etc for Accenture for 4th Quarter of this fiscal year (June to August 2008) and also for the entire financial year (September 2007 to August 2008). Looks like my friends in Accenture would be having a great bonus this year! I know Accenture's bonus may not be fabulous, but would be better. :)

For me, not too bad too. 50 cents of dividend per Accenture share. That is a rise from 42 cents for 2007, 35 cents for 2006 and 30 cents for 2005. Not a lot for me, but at least it is showing that Accenture is growing. That's like interest of 1.25%.

For full results of Accenture's financial results, go to here

Some parts of it is quoted below.
NEW YORK; Sept. 25, 2008 — Accenture (NYSE: ACN) reported strong financial results for the fourth quarter and record results for the full 2008 fiscal year, ended Aug. 31, 2008, including its highest-ever annual revenues, earnings per share, bookings, operating income and cash flow.

For the fourth quarter, revenues before reimbursements (“net revenues”) were $6.00 billion, compared with $5.11 billion for the fourth quarter of fiscal 2007, an increase of 17 percent in U.S. dollars and 10 percent in local currency. Diluted earnings per share for the quarter were $0.67, compared with $0.50 in the same period last year, an increase of 35 percent. New bookings for the quarter rose to $7.67 billion, a quarterly record. Operating income for the quarter grew 22 percent, to $785 million, and operating margin expanded 50 basis points compared with the fourth quarter last year.

For the full fiscal year, net revenues were a record $23.39 billion, compared with $19.70 billion for fiscal 2007, an increase of 19 percent in U.S. dollars and 11 percent in local currency. Diluted earnings per share for the full year were $2.65, compared with $1.97 in fiscal 2007, an increase of 35 percent. New bookings for the full year reached an all-time high of $26.79 billion. Operating income for the full year grew 21 percent, to $3.01 billion, and operating margin expanded 20 basis points compared with fiscal 2007.

The company also announced that its Board of Directors has declared an annual cash dividend of $0.50 per share, an increase of $0.08 per share, or 19 percent, over its previous annual dividend.

William D. Green, Accenture’s chairman & CEO, said, “We’re very pleased with our strong fourth-quarter and full-year performance, which demonstrates our ability to deliver outstanding results, even in challenging economic conditions. We had record bookings and maintained our focus on operating discipline. We generated significant cash flow, we have no debt, and our balance sheet is rock-solid. We continue to return cash to shareholders through our fourth annual cash dividend and the repurchase of $2.3 billion of our shares during the year.

“We have continued confidence in our business, given the momentum we have from our fourth-quarter and full-year performance. With the uncertainty in the economic environment, we are even more focused on closely managing our business — through careful planning, operational discipline and superior execution — to ensure that we continue to perform and deliver value to our clients and shareholders.”

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