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TheStreet Open House

Accenture Reports First-Quarter Fiscal 2013 Results, With Record Quarterly Revenues And EPS

Stocks in this article: ACN

Dividend

On Nov. 15, 2012, a semi-annual cash dividend of $0.81 per share was paid to Accenture plc Class A ordinary shareholders of record at the close of business on Oct. 12, 2012 and to Accenture SCA Class I common shareholders of record at the close of business on Oct. 9, 2012 . These cash dividend payments totaled $560 million. This dividend represents an increase of 13.5 cents per share, or 20 percent, over the company’s previous semi-annual dividend, declared in March.

Share Repurchase Activity

During the first quarter of fiscal 2013, Accenture repurchased or redeemed 3.3 million shares for a total of $221 million, including approximately 656,000 shares repurchased in the open market.

Accenture’s total remaining share repurchase authority at Nov. 30, 2012 was approximately $4.05 billion.

At Nov. 30, 2012, Accenture had approximately 693 million total shares outstanding, including 641 million Accenture plc Class A ordinary shares and 52 million Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares.

Business Outlook

Second Quarter Fiscal 2013

Accenture expects net revenues for the second quarter of fiscal 2013 to be in the range of $6.9 billion to $7.15 billion. This range assumes a foreign-exchange impact of negative 1 percent compared with the second quarter of fiscal 2012.

Full Fiscal Year 2013

For fiscal 2013, the company continues to expect net revenue growth to be in the range of 5 percent to 8 percent in local currency.

Accenture’s business outlook for the full 2013 fiscal year continues to assume a foreign-exchange impact of negative 1 percent compared with fiscal 2012.

The company has raised its outlook for diluted EPS for fiscal 2013 to the range of $4.24 to $4.32 from its previously guided range of $4.22 to $4.30.

Accenture has raised its outlook for operating margin for the full fiscal year to the range of 14.1 percent to 14.2 percent, an expansion of 20 to 30 basis points. The company’s previously guided range was 14.0 percent to 14.1 percent.

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