-- Fourth-quarter revenues increase 4% in both U.S. dollars and local
currency, to $7.1 billion; quarterly EPS are $1.01; free cash flow is
$1.2 billion --
-- For full year, revenues increase 3% in U.S. dollars and 4% in local
currency, to $28.6 billion; EPS of $4.93 include $0.72 in benefits from
reductions in reorganization liabilities and final determinations of
prior-year tax liabilities; excluding these benefits, full-year EPS are
$4.21, a 10% increase; and free cash flow is $2.9 billion --
-- New bookings are $8.4 billion for fourth quarter and $33.3 billion
for full year --
-- Company increases semi-annual cash dividend 15%, to $0.93 per share;
Board of Directors approves $5 billion of additional share repurchase
-- For fiscal year 2014, Accenture expects net revenue growth of 2% to
6% in local currency and EPS of $4.42 to $4.54 --
NEW YORK--(BUSINESS WIRE)--
Accenture (NYSE:ACN) reported financial results for the fourth quarter
and full 2013 fiscal year, ended Aug. 31, 2013, with record annual
revenues, earnings per share, operating margin and new bookings.
For the fourth quarter, net revenues were $7.1 billion, an increase of
4 percent in both U.S. dollars and local currency compared with the
fourth quarter of fiscal 2012, and above the company’s guided range of
$6.7 billion to $7.0 billion. Diluted earnings per share were $1.01.
Operating margin was 13.9 percent. Operating cash flow was $1.3 billion
and free cash flow was $1.2 billion. New bookings were $8.4 billion.
For the full fiscal year, net revenues were $28.6 billion, an increase
of 3 percent in U.S. dollars and 4 percent in local currency compared
with fiscal 2012. Diluted earnings per share were $4.93, including
benefits of $274 million, or $0.38 per share, from reductions in
reorganization liabilities in the second and third quarters, and $243
million, or $0.34 per share, from final determinations of prior-year tax
liabilities in the second quarter. Excluding these benefits, diluted
earnings per share for the year were $4.21, an increase of 10 percent
from fiscal 2012. Operating margin was 15.2 percent, including a benefit
of 100 basis points from the reductions in reorganization liabilities;
excluding the benefit, operating margin was 14.2 percent. Operating cash
flow was $3.3 billion and free cash flow was $2.9 billion. New bookings
were $33.3 billion, an annual record.
In addition, Accenture’s Board of Directors has declared a semi-annual
cash dividend of $0.93 per share, an increase of $0.12 per share, or
15 percent, over its previous semi-annual dividend, declared in March.
The Board also approved $5 billion in additional share repurchase