Accenture expects operating margin for the full fiscal year to be in the range of 14.0 percent to 14.1 percent, an expansion of 10 to 20 basis points.
For fiscal 2013, the company expects operating cash flow to be in the range of $3.2 billion to $3.5 billion; property and equipment additions to be $420 million; and free cash flow to be in the range of $2.8 billion to $3.1 billion. The outlook for operating cash flow and free cash flow includes the impact of a discretionary cash contribution of $500 million that the company expects to make to its U.S. defined benefit pension plan in fiscal 2013.
The company expects its annual effective tax rate to be in the range of 26 percent to 27 percent.
Accenture is targeting new bookings for fiscal 2013 in the range of $31 billion to $34 billion.
Conference Call and Webcast Details
Accenture will host a conference call at 4:30 p.m. EDT today to discuss its fourth-quarter and full-year fiscal 2012 financial results. To participate, please dial +1 (800) 230-1059 [+1 (612) 234-9960 outside the United States, Puerto Rico and Canada] approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible live on the Investor Relations section of the Accenture Web site at
A replay of the conference call will be available online at
beginning at 7:00 p.m. EDT today, Thursday, Sept. 27, and continuing until Wednesday, Dec. 19, 2012. A podcast of the conference call will be available online at
beginning approximately 24 hours after the call and continuing until Wednesday, Dec. 19. The replay will also be available via telephone by dialing +1 (800) 475-6701 [+1 (320) 365-3844 outside the United States, Puerto Rico and Canada] and entering access code 256202 from 7:00 p.m. EDT today, Thursday, Sept. 27, through Wednesday, Dec. 19.
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is
Non-GAAP Financial Information
This news release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP) are included in this press release. Financial results “in local currency” are calculated by restating current-period activity into U.S. dollars using the comparable prior-year period’s foreign-currency exchange rates. Accenture’s management believes providing investors with this information gives additional insights into Accenture’s results of operations. While Accenture’s management believes that the non-GAAP financial measures herein are useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.