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Accenture reports strong Q1 2009 results
 
 Accenture reported
strong financial results
for the first quarter of
fiscal 2009, ended 30
November 2008, with net
revenues of $6.02bn, an
increase of 6% in US
dollars and 9% in local
currency over the same
period last year.
Diluted earnings per
share were $0.74, an
increase of 24%.
  
   Net profit of for the
quarter was up 17% from
the same period a year
ago, reaching $593m.
  
   Operating income grew
12%, to $815m, and
operating margin
expanded 70 basis
points, to 13.5%.
   New bookings for the
quarter were $5.80bn,
with consulting bookings
of $3.56bn and
outsourcing bookings of
$2.24bn.
  
   William D. Green,
 
 Accenture’s chairman &
CEO, said: “We’re very
pleased with our strong
first-quarter
performance, especially
given the macro-economic
environment. Demand
patterns are changing
but remain very active
and positive looking
forward.”
  
   Consulting net
revenues for the quarter
were $3.66bn, an
increase of 6% in US
dollars and 9% percent
in local currency over
the first quarter of
fiscal 2008. Outsourcing
net revenues were
$2.36bn, an increase of
7% in US dollars and 9%
in local currency over
the first quarter of
fiscal 2008.
  
   Accenture said it
expects new bookings of
$24bn-27bn for the
entire year, down from
the previous $26bn-29bn.
 
  
   
 
 
 
 
 
 
   
   Communications & high
tech: $1,364m, compared
with $1,312m for the
first quarter of fiscal
2008, an increase of 4%
in US dollars and 6% in
local currency.
  
   Financial services:
$1,238m, compared with
$1,244m for the same
period last year, flat
in US dollars and an
increase of 2% in local
currency.
  
   Products: $1,567m,
compared with $1,473m
for the year-ago period,
an increase of 6% in US
dollars and 9% in local
currency.
  
   Public service:
$761m, compared with
$709m for the year-ago
period, an increase of
7% in US dollars and 11%
in local currency.
  
   Resources: $1,079m,
 
 compared with $931m for
the same period of
fiscal 2008, an increase
of 16% in US dollars and
20% in local currency.
  
   Net revenues by
geographic region

  
   Americas: $2,576m,
compared with $2,325m
for the first quarter of
fiscal 2008, an increase
of 11% in US dollars and
12% in local currency.
  
   Europe, Middle East
and Africa (EMEA):
$2,873m, compared with
$2,883m for the first
quarter of fiscal 2008,
flat in US dollars and
an increase of 4% in
local currency.
  
   Asia Pacific: $570m,
compared with $465m for
the year-ago period, an
increase of 22% in US
dollars and 25% in local
currency.
 
 It said it now expects
diluted earnings per
share for the full
fiscal year to be in the
range of $2.78 to $2.85,
down from the previous
$2.85 to $2.93.
  
   "Accenture is
revising its outlook for
the remainder of fiscal
2009 primarily to
reflect changing
foreign-currency
assumptions," it said.
"The company is also
making a modest
adjustment to its
outlook for net revenue
growth for the year,
given continued market
uncertainty."
  
   Net revenues by
operating group
 
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