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Accenture 2010 forecast lower than expected
 
 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.
 
   
   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
 
  
   
 
 
 
 
 
 
 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
 
 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
 
 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
 
 
Dell to acquire Perot Systems for $3.9 billion
 
 Computer maker Dell has
agreed to acquire IT
services provider Perot
Systems for
approximately $3.9
billion (£2.4bn) in a
cash transaction the
companies are calling a
“compelling combination
of two iconic
information-technology
brands.”
 
   
   Dell intends to make
Perot Systems its global
services delivery
division, mirroring HP’s
acquisition of IT
services giant EDS in
May 2008.
  
   Once the acquisition
is complete, Perot
Systems will become
 
  
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 Dell’s services unit and
be led from Plano by
Peter Altabef, the
current Perot Systems
chief executive officer.
At the same time, Dell
directors are expected
to consider Ross Perot
Jr., Perot Systems’
chairman of the board,
for appointment to the
Dell board.
 
   
   Over the past four
quarters Dell and Perot
Systems had a combined
$16 billion in
enterprise-hardware and
IT-services revenue,
with about $8 billion
from enhanced services
and support.
 
  
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