Accenture reports Q4 net income of US$578.3m

28 Sep 2012

Management consulting, technology services and outsourcing company Accenture has reaped net income of US$578.3m, or US$0.88 per share, for the quarter ended 31 August 2012. The company also achieved record new bookings of US$9.2bn for Q4, bringing it to US$32.2bn for the year, its highest ever.

Net income in the year-ago period amounted to US$611.9m or US$0.91 per share.

Net revenues for the company, excluding reimbursements, increased 2pc to US$6.84bn.

For the full fiscal year, the company posted net income of US$2.55bn, or $3.84 per share. Net revenue grew to US$27.86bn from US$25.51bn.

“We are very pleased with our financial results for fiscal 2012, which met or exceeded our business outlook for the year,” said Pierre Nanterme, Accenture’s chief executive officer.

“Our revenue growth was strong and broad-based across the different dimensions of our business, and we increased EPS by 13pc. Our balance sheet remains very strong, with a cash balance of US$6.6bn,” Nanterme added.

“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.”

Tina Costanza was a journalist and sub-editor at Silicon Republic