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October 1, 2010

Accenture Q4 revenues up 6% to $5.83bn

Expects first quarter FY11 revenues between $5.6bn and $5.8bn

By CBR Staff Writer

Accenture has reported total revenues of $5.83bn for the fourth quarter of the fiscal 2010, an increase of 6% compared to $5.51bn of the same quarter prior year.

The company’s operating income for the quarter was $714m as compared to $420m for the same period last year.

For the quarter ended 31 August 2010, the company posted a net income of $445.5m, or $0.66 per share, as compared to $255m, or $0.39 per share, for the same period last year.

Geographically, revenues from Americas increased by 11% to $2.51bn, Asia Pacific revenues increased by 13% to $687.5m, while revenues from EMEA decreased by 3% to $2.21bn.

For the full fiscal year 2010, Accenture’s revenues remained flat at $23.1bn.

The net income for FY10 was $1.8bn as compared to $1.6bn for the same period last year.

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Accenture chairman and CEO William Green said that the company’s consulting bookings were $3.5bn show increasing demand for our services.

"The company generated significant free cash flow, and our balance sheet remains exceptionally strong," Green said.

"We will continue to invest in our core business, as well as in new growth areas and markets, to deliver increasing value to both our clients and shareholders, and despite ongoing challenges in the global economy, we are well-positioned for growth and expansion in the year ahead."

The company expects revenues for first quarter of fiscal year 2011, to be between $5.6bn and $5.8bn.

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