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Accenture posts strong figures.

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New York: Accenture yesterday reported strong financial results for its second quarter of 2012, with double-digit growth in revenues and profits.

  • Revenues increase 12% in U.S. dollars and 13% in local currency, to $6.8 billion
  • Operating income increases 15%, to $889 million, with operating margin of 13.1%
  • New bookings are $7.94 billion, with consulting bookings of $4.05 billion and outsourcing bookings of $3.89 billion

Pierre Nanterme, Accenture's chief executive officer, said, "We are very pleased with our second-quarter performance, which included strong revenue growth in all five operating groups and all three geographic regions. We're also pleased with our profitability -- both the growth in EPS and the expansion of operating margin -- due to the disciplined management of our business. We continued to see solid demand for our services, as demonstrated by outstanding bookings of nearly $8 billion, and our balance sheet remains very strong.

"Given our strong results for the first half of fiscal 2012, we've raised our outlook for revenue growth and EPS for the year. We continue to invest to further differentiate our industry and technology capabilities and remain focused on gaining market share and driving profitable growth."

In the quarter to 29 February 2012, Accenture reports that:

  • Consulting net revenues for the quarter were $3.8 billion, an increase of approximately 8 percent in both U.S. dollars and local currency over the second quarter of fiscal 2011.
  • Outsourcing net revenues were $3.0 billion, an increase of 19 percent in U.S. dollars and 20 percent in local currency over the second quarter of fiscal 2011.

Net revenues by operating group

  • Communications, Media & Technology: $1.5 billion, compared with $1.3 billion for the second quarter of fiscal 2011, an increase of 16 percent in U.S. dollars and 17 percent in local currency.
  • Financial Services: $1.4 billion, compared with $1.3 billion for the second quarter of fiscal 2011, an increase of 9 percent in U.S. dollars and 10 percent in local currency.
  • Health & Public Service: $1.1 billion, compared with $965 million for the second quarter of fiscal 2011, an increase of 9 percent in U.S. dollars and 10 percent in local currency.
  • Products: $1.6 billion, compared with $1.4 billion for the second quarter of fiscal 2011, an increase of 15 percent in U.S. dollars and 16 percent in local currency.
  • Resources: $1.3 billion, compared with $1.2 billion for the second quarter of fiscal 2011, an increase of 10 percent in U.S. dollars and 12 percent in local currency.

Net revenues by geographic region

  • Americas: $3.0 billion, compared with $2.7 billion for the second quarter of fiscal 2011, an increase of 13 percent in U.S. dollars and 14 percent in local currency.
  • Europe, Middle East and Africa (EMEA): $2.8 billion, compared with $2.6 billion for the second quarter of fiscal 2011, an increase of 8 percent in U.S. dollars and 10 percent in local currency.
  • Asia Pacific: $971 million, compared with $787 million for the second quarter of fiscal 2011, an increase of 23 percent in U.S. dollars and 20 percent in local currency.

Full Fiscal Year 2012 — Outlook

For fiscal 2012, the company has raised its outlook for revenue growth to the range of 10 percent to 12 percent in local currency, up from its previous range of 7 percent to 10 percent in local currency.

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