Expects net revenues for the first quarter of fiscal 2012 to be in the range of $6.8bn to $7bn
Accenture has reported net revenues of $6.7bn for the fourth quarter ended 31 August 2011, up 23% in dollar terms compared to $5.4bn in the same quarter previous fiscal.
The company’s consulting net revenues were $3.9bn, an increase of 25% in US dollars compared with the fourth quarter of fiscal 2010, while outsourcing net revenues were $2.8bn, an increase of 21%.
Accenture’s diluted earnings per share were $0.91, an increase of 38% compared to previous year’s quarter, and operating margin was 13.8%.
The company has posted an operating income of $923m in the fourth quarter, or 13.8% of net revenues, compared with $714m, or 3.2% of net revenues for the same quarter of fiscal 2010.
Net income for the fourth quarter was $683m, compared with $510m for the same period of fiscal 2010.
Operating cash flow for the company was $1.4bn and free cash flow was $1.2bn, while new bookings were reported at $8.4bn.
The Americas region has contributed the majority in net revenues with $3bn for the fourth quarter followed by the Europe, Middle East and Africa (EMEA) region at $2.7bn, and Asia Pacific at $957m.
The company has also reported an increase of 18% to $25.5bn in the net revenues for the full year, compared to $21.6bn for fiscal 2010. The company’s diluted earnings per share were $3.40, an increase of 28%.
Accenture chief executive officer Pierre Nanterme said they hit the top end of their range for both revenues and EPS and are particularly pleased with the growth across all dimensions of their business.
"In addition, we generated free cash flow of $3bn for the year, which enabled us to return more than $2.8bn to our shareholders through dividends and share repurchases and still close the year with an exceptionally strong balance sheet," Nanterme said.
"While we are closely monitoring the economic environment, we continue to see strong demand for our services — demonstrated by record bookings of $8bn in the fourth quarter and $29bn in the full year."
Accenture expects net revenues for the first quarter of fiscal 2012 to be in the range of $6.8bn to $7bn, which assumes a foreign-exchange impact of positive 3% compared with the first quarter of fiscal 2011.