Summary
Accenture plc reported solid financial results for the nine months ended May 31, 2012, demonstrating continued revenue growth driven by strong performance in its outsourcing business. Net revenues increased by 12% in both U.S. dollars and local currency to $21.03 billion for the nine-month period, compared to the prior year. This growth was fueled by double-digit outsourcing revenue increases across all operating groups. While the consulting segment saw moderated growth, particularly in EMEA, overall operating income improved by 15% to $2.93 billion, leading to a reported diluted Earnings Per Share (EPS) of $2.96 for the nine months, up from $2.48 in the prior year. The company maintained a healthy liquidity position with cash and cash equivalents of $5.6 billion. Operating activities provided strong cash flow, though this was partially offset by increased cash used in investing and financing activities, notably higher dividend payments and business acquisitions. Accenture also continued its commitment to returning capital to shareholders through share repurchases, with a significant portion of operating cash flow allocated to this program. Overall, Accenture showcased resilience and growth in a dynamic economic environment, with a strategic shift towards outsourcing services contributing significantly to its top-line performance. The company's ability to manage operating expenses effectively, coupled with robust demand for outsourcing, positions it well for continued performance.
Financial Highlights
53 data points| Revenue | $7.64B |
| Cost of Revenue | $5.27B |
| Gross Profit | $2.37B |
| Operating Expenses | $6.58B |
| Operating Income | $1.06B |
| Interest Expense | $3.50M |
| Net Income | $689.22M |
| EPS (Basic) | $1.07 |
| EPS (Diluted) | $1.03 |
| Shares Outstanding (Basic) | 645.76M |
| Shares Outstanding (Diluted) | 729.53M |
Key Highlights
- 1Net revenues increased by 12% to $21.03 billion for the nine months ended May 31, 2012, compared to the same period in the prior year.
- 2Outsourcing segment showed robust growth, with double-digit year-over-year revenue increases in local currency across all operating groups.
- 3Operating income grew by 15% to $2.93 billion for the nine months ended May 31, 2012.
- 4Diluted Earnings Per Share (EPS) rose to $2.96 for the nine months ended May 31, 2012, up from $2.48 in the prior year.
- 5The company maintained a strong liquidity position with $5.63 billion in cash and cash equivalents as of May 31, 2012.
- 6Significant cash outflow in financing activities, primarily due to an increase in cash dividends paid.
- 7Accenture continued its share repurchase program, utilizing a substantial portion of operating cash flow.