Accenture (NYSE: ACN) reported financial results for the fourth quarter and full 2012 fiscal year, ended Aug. 31, 2012, with record annual revenues, earnings per share, operating margin, free cash flow and new bookings.
For the fourth quarter, revenues before reimbursements (“net revenues”) were $6.8 billion, an increase of 2 percent in U.S. dollars and 9 percent in local currency compared with the fourth quarter of fiscal 2011. Diluted earnings per share were $0.88. Operating margin was 13.8 percent. Operating cash flow was $1.7 billion and free cash flow was $1.6 billion. New bookings were $9.2 billion, the company’s highest quarterly bookings ever.
For the full fiscal year, net revenues were $27.9 billion, an increase of 9 percent in U.S. dollars and 11 percent in local currency compared with fiscal 2011. Diluted earnings per share were $3.84, an increase of 13 percent. Operating margin was 13.9 percent. Operating cash flow was $4.3 billion and free cash flow was $3.9 billion, which exceeded the top end of the company’s guided range by nearly $400 million. New bookings were $32.2 billion, an annual record, and $1.2 billion above the top of the company’s guided range.
In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of $0.81 per share, an increase of 13.5 cents per share, or 20 percent, over its previous semi-annual dividend, declared in March.Pierre Nanterme, Accenture’s chief executive officer, said, “We are very pleased with our financial results for fiscal 2012, which met or exceeded our business outlook for the year. Our revenue growth was strong and broad-based across the different dimensions of our business, and we increased EPS by 13 percent. Our balance sheet remains very strong, with a cash balance of $6.6 billion. We also achieved record new bookings of $9.2 billion for the fourth quarter, bringing us to $32.2 billion for the year, our highest ever. “With our diverse portfolio of business, our industry and technology expertise, and the focused execution of our growth strategy, we are very well-positioned to continue gaining market share and delivering value to our clients and shareholders.”