Accenture Reports Second-Quarter Fiscal 2013 Results
Source: newsroom.accenture View: 218 Date: 2013-03-29

Accenture (NYSE: ACN) reported financial results for the second quarter of fiscal 2013, ended Feb. 28, 2013, with net revenues of $7.1 billion, an increase of 4 percent in both U.S. dollars and local currency over the same period last year and within the company’s guided range.

Diluted earnings per share were $1.65, including benefits of $243 million, or $0.34 per share, from final determinations of prior-year tax liabilities and $224 million, or $0.31 per share, from a reduction in reorganization liabilities. Excluding these benefits, diluted earnings per share were $1.00. Reorganization liabilities were established in connection with the company’s transition to a corporate structure in 2001.

Operating income for the quarter increased to $1.16 billion, including the benefit of $224 million from the reduction in reorganization liabilities. Excluding the benefit, operating income increased 6 percent, to $940 million, and operating margin expanded 20 basis points, to 13.3 percent.

New bookings for the quarter were $9.1 billion, with record consulting bookings of $4.4 billion and outsourcing bookings of $4.7 billion.

Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our second-quarter financial results, which were in line with our expectations. We saw very strong demand for our services, with $9.1 billion in new bookings, including record consulting bookings. Our revenue growth was within our guided range for the quarter, including a 10 percent local-currency increase in outsourcing. We also increased operating income and again expanded operating margin, reflecting our continued focus on driving profitable growth.

“Our strategy continues to differentiate Accenture in the marketplace, and our excellent bookings in the second quarter further demonstrate that our services are resonating with the needs of our clients. We remain confident in our ability to seize the opportunities in this fast-changing environment and to continue to deliver tangible business outcomes for our clients and value for our shareholders.”

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 261,000 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$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.

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