| Accenture 2010 forecast lower than expected |
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| | Accenture reported a fall in quarterly profit, in line with previous guidance, but its outlook for the new fiscal year fell slightly short of market expectations.
For the fourth quarter ended Aug. 31 net revenues were $5.15 billion, a decrease of 14 percent in US dollars and 7 percent in local currency and in line with the company’s previously guided range. Diluted earnings per share for the quarter were $0.39, compared with $0.67 in the same period last year, and reflect a negative $0.24 impact from the previously announced $253 million restructuring charge.
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New bookings for the quarter were $5.54 billion. Operating income for the quarter was $420 million, and operating margin was 8.2 percent. Absent the restructuring charge, operating income for the quarter was $672 million and operating margin was 13.1 percent.
For the full fiscal year, net revenues were $21.58 billion, a decrease of 8 percent in US dollars and flat in local currency, in line with the company’s previously guided range. Diluted earnings per share for the full year were $2.44, compared with $2.65 in fiscal 2008, and reflect a negative $0.24 impact | |
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| | average, analysts had expected $2.75.
Consulting net revenues for fiscal 2009 were $12.56 billion, a decrease of 11 percent in US dollars and 4 percent in local currency from fiscal 2008.
Outsourcing net revenues were $9.02 billion, a decrease of 3 percent in US dollars and an increase of 6 percent in local currency compared with fiscal 2008.
New bookings for the full fiscal year were $23.90 billion, a decrease of 11 percent in US dollars and 3 percent in local currency from fiscal | |
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| | 2008. New bookings for fiscal 2009 reflect a negative 8 percent foreign-currency impact compared with fiscal 2008.
Consulting new bookings were $12.78 billion, a decrease of 14 percent in US dollars and 6 percent in local currency from fiscal 2008. Consulting represented 53 percent of new bookings in fiscal 2009.
Outsourcing new bookings were $11.12 billion, a decrease of 7 percent in US dollars and an increase of 1 percent in local currency compared with fiscal 2008. Outsourcing represented 47 percent of new bookings in | |
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| | from the restructuring charge. New bookings for the full year were $23.90 billion.
Operating income for the full year was $2.64 billion, and operating margin was 12.3 percent. Absent the restructuring charge, annual operating income was $2.90 billion and annual operating margin was 13.4 percent.
Accenture shares forecast earnings in the new fiscal year of $2.64 to $2.72 per share, compared with $2.44 in the previous year. On | |
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