10-QPeriod: Q1 FY2012

Accenture plc Quarterly Report for Q1 Ended Nov 30, 2011

Filed December 20, 2011For Securities:ACN

Summary

Accenture plc reported robust performance for the first quarter of fiscal year 2012, ending November 30, 2011. The company saw a significant 17% increase in net revenues year-over-year, reaching $7.07 billion, with strong double-digit growth across all operating segments in local currency. This growth was fueled by both consulting (up 14%) and outsourcing (up 21%) services, indicating broad demand for Accenture's offerings. The company also reported an increase in operating income to $981 million, with an operating margin of 13.9%, showing improved profitability compared to the prior year period. Financially, Accenture maintained a strong liquidity position with $5.1 billion in cash and cash equivalents. The company actively managed its capital through share repurchases and dividend payments, demonstrating a commitment to shareholder returns. Despite global economic uncertainties, Accenture's diversified business model and focus on cost management contributed to a positive outlook, with expectations of continued growth, albeit at a moderating pace in the latter half of fiscal 2012.

Financial Highlights

53 data points
Beta

Revenue

$7.59B

29.7% Gross Margin

Net Income

$642.09M

8.5% Net Margin

EPS (Diluted)

$0.96

Total Assets

$15.29B

Cash & Equivalents

$5.09B

Free Cash Flow

$394.38M

Financial Statements
Beta
Revenue$7.59B
Cost of Revenue$5.34B
Gross Profit$2.25B
Operating Expenses$6.61B
Operating Income$981.14M
Interest Expense$4.16M
Net Income$642.09M
EPS (Basic)$1.00
EPS (Diluted)$0.96
Shares Outstanding (Basic)644.29M
Shares Outstanding (Diluted)730.92M

Key Highlights

  • 1Net revenues increased by 17% year-over-year to $7.07 billion in Q1 FY2012.
  • 2Operating income grew by 19% to $981 million, with an improved operating margin of 13.9%.
  • 3Both consulting and outsourcing services showed strong double-digit growth in local currency.
  • 4The company maintained a healthy cash position, with $5.1 billion in cash and cash equivalents as of November 30, 2011.
  • 5Accenture continued its capital return program with share repurchases and dividend payments.
  • 6Headcount increased significantly year-over-year to over 244,000, reflecting strong demand for services.
  • 7All five operating segments reported year-over-year revenue growth, indicating broad-based demand.

Frequently Asked Questions

Accenture reported a strong 17% increase in net revenues year-over-year, reaching $7.07 billion for the first quarter of fiscal 2012. This growth was driven by robust performance across all operating segments, with particularly strong double-digit increases in local currency for consulting (14%) and outsourcing (21%) services.

The company demonstrated improved profitability, with operating income rising by 19% to $981 million. The operating margin also saw a slight increase, moving from 13.7% in the prior year period to 13.9% in the first quarter of fiscal 2012, reflecting effective cost management and revenue growth.

Accenture maintained a strong liquidity position, ending the quarter with $5.1 billion in cash and cash equivalents. This robust cash balance, coupled with operating cash flows, is expected to be sufficient to meet working capital and investment needs for the next twelve months.

Accenture continued to prioritize shareholder returns through its share repurchase program and dividend payments. The company repurchased a significant number of shares during the quarter and paid dividends, demonstrating its commitment to enhancing shareholder value.