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Accenture posts solid second quarter figures, driven by US

Accenture-Pierre-Nanterme

New York: Accenture has reported financial results for the second quarter of fiscal 2013, ended Feb. 28, 2013, with net revenues of $7.1 billion, an increase of 4 percent in both U.S. dollars and local currency over the same period last year and within the company's guided range.

Operating income for the quarter increased to $1.16 billion, including the benefit of $224 million from the reduction in reorganization liabilities. Excluding the benefit, operating income increased 6 percent, to $940 million, and operating margin expanded 20 basis points, to 13.3 percent.

New bookings for the quarter were $9.1 billion, with record consulting bookings of $4.4 billion and outsourcing bookings of $4.7 billion.

Pierre Nanterme, Accenture's chairman and CEO, said, "We are pleased with our second-quarter financial results, which were in line with our expectations. We saw very strong demand for our services, with $9.1 billion in new bookings, including record consulting bookings. Our revenue growth was within our guided range for the quarter, including a 10 percent local-currency increase in outsourcing. We also increased operating income and again expanded operating margin, reflecting our continued focus on driving profitable growth.

"Our strategy continues to differentiate Accenture in the marketplace, and our excellent bookings in the second quarter further demonstrate that our services are resonating with the needs of our clients. We remain confident in our ability to seize the opportunities in this fast-changing environment and to continue to deliver tangible business outcomes for our clients and value for our shareholders."

Net Revenues by Operating Group

Net revenues by operating group were as follows:

  • Communications, Media & Technology: $1.41 billion, compared with $1.48 billion for the second quarter of fiscal 2012, a decrease of 5 percent in U.S. dollars and 4 percent in local currency.
  • Financial Services: $1.51 billion, compared with $1.38 billion for the second quarter of fiscal 2012, an increase of 10 percent in both U.S. dollars and local currency.
  • Health & Public Service: $1.19 billion, compared with $1.06 billion for the second quarter of fiscal 2012, an increase of 13 percent in both U.S. dollars and local currency.
  • Products: $1.68 billion, compared with $1.58 billion for the second quarter of fiscal 2012, an increase of 6 percent in both U.S. dollars and local currency.
  • Resources: $1.25 billion, compared with $1.29 billion for the second quarter of fiscal 2012, a decrease of 3 percent in both U.S. dollars and local currency.

Net Revenues by Geographic Region

Net revenues by geographic region were as follows:

  • Americas: $3.28 billion, compared with $3.03 billion for the second quarter of fiscal 2012, an increase of 8 percent in U.S. dollars and 9 percent in local currency.
  • Europe, Middle East and Africa (EMEA): $2.80 billion, compared with $2.80 billion for the second quarter of fiscal 2012, flat in U.S. dollars and a decrease of 1 percent in local currency.
  • Asia Pacific: $978 million, compared with $971 million for the second quarter of fiscal 2012, an increase of 1 percent in U.S. dollars and 2 percent in local currency.

A detailed financial review and outlook is available here.

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