| | Accenture has reported
record revenues for the
fourth quarter and
record financial results
for the full fiscal year
ended August 31, 2007,
including its
highest-ever annual
revenues, bookings,
operating income and
earnings per share.
Accenture’s board
raised the annual
dividend 20% to 42 cents
per share, as its
quarterly results – 29%
rise in revenue, driven
by strong consulting
demand – beat market
expectations. The
company also made a | |
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| | expenses rose to $253m
from $23.7m last year,
when Accenture released
reserves for expected
tax payments that did
not come due.
Accenture said
consulting revenue grew
38% to $3.04bn, fuelled
by demand for advice in
industries such as oil,
chemicals, mining and
pharmaceuticals.
Financial services,
the focus of investor
concern following
credit-market troubles,
also performed well for
Accenture. The company
said it has not been
affected by the | |
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| | sub-prime credit market
meltdown.
Outsourcing net
revenues were $2.07bn, a
17% increase from the
same period a year
before. Accenture
attributes this growth
to continued strength in
SAP and supply chain
consulting engagements,
and momentum in BPO and
applications outsourcing
across all regions.
For the full year,
consulting generated
$11.86bn, a 20% annual
increase, and
outsourcing revenue was
$7.84bn, a 16% increase
from last year.
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Accenture forecast
fiscal first-quarter
2008 revenue of $5.4bn
to $5.6bn, above
analysts’ expectations
of $5.24bn, according to
Reuters Estimates.
For the full 2008
fiscal year, Accenture
forecast net income per
share of $2.21 to $2.26
and net revenue growth
of 9% to 12% in local
currency.
Analysts, on average,
have been expecting
fiscal 2008 earnings per
share of $2.20 and
revenue of $21.4bn.
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