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Exhibit 99.1

Accenture Reports Strong Second-Quarter Fiscal 2011 Results

— Revenues increase 17% in U.S. dollars and 18% in local currency, to $6.05 billion –

— EPS up 25%, to $0.75 —

— New bookings are $7 billion —

— Company declares semi-annual cash dividend of $0.45 per share —

— Company raises outlook for full-year revenue growth to range of 11% to 14% in local currency

and for full-year EPS to range of $3.22 to $3.30 —

NEW YORK; March 24, 2011 — Accenture (NYSE: ACN) reported strong financial results for the second quarter of fiscal 2011, ended Feb. 28, 2011, with net revenues of $6.05 billion, an increase of 17 percent in U.S. dollars and 18 percent in local currency over the same period last year and exceeding the company’s guided range of $5.6 billion to $5.8 billion. Diluted earnings per share were $0.75, an increase of $0.15, or 25 percent, over the same period last year.

Operating income was $772 million, an increase of 19 percent over the same period last year, and operating margin was 12.7 percent.

New bookings for the quarter were $6.98 billion, with consulting bookings of $3.80 billion and outsourcing bookings of $3.18 billion.

In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of $0.45 per share, to be paid on May 13, 2011.

Pierre Nanterme, Accenture’s chief executive officer, said, “We are very pleased with the continued momentum in our business, which enabled us to achieve strong results in the second quarter. We saw very strong revenue growth in both U.S. dollars and local currency across our operating groups and geographic regions. We also achieved significant EPS growth of 25 percent, and we continue to maintain an exceptionally strong balance sheet.

“With quarterly bookings of $7 billion, including our second-highest consulting bookings ever, demand for our services remains strong, and our growth trajectory demonstrates that we continue to execute our business strategy extremely well. We remain focused on growing market share and, as always, on delivering value to our clients as well as our shareholders.”

Financial Review

Revenues before reimbursements (“net revenues”) for the second quarter of fiscal 2011 were $6.05 billion, compared with $5.18 billion in the second quarter of fiscal 2010, an increase of 17 percent in U.S. dollars and 18 percent in local currency. Net revenues for the second quarter of fiscal 2011 exceeded the company’s guided range of $5.6 billion to $5.8 billion, which assumed a foreign-exchange impact of negative 2 percent. Adjusting for the actual foreign-exchange impact of negative 1 percent in the second quarter, the Company’s guided range for


quarterly net revenues would have been $5.65 billion to $5.85 billion. Net revenues of $6.05 billion for the quarter also exceeded this adjusted range.

 

   

Consulting net revenues for the quarter were $3.51 billion, an increase of 20 percent in both U.S. dollars and local currency over the second quarter of fiscal 2010.

 

   

Outsourcing net revenues were $2.54 billion, an increase of 13 percent in U.S. dollars and 15 percent in local currency over the second quarter of fiscal 2010.

Diluted EPS for the quarter were $0.75, an increase of $0.15, or 25 percent, compared with the second quarter of fiscal 2010. The components of the increase were:

 

   

an $0.11 increase from higher revenue and operating results in local currency;

   

a $0.03 increase from a lower share count;

   

a $0.01 increase from a lower effective tax rate; and

   

a $0.01 increase from higher non-operating income;

offset by:

 

   

a $0.01 decrease from unfavorable foreign-exchange rates.

Operating income for the quarter was $772 million, or 12.7 percent of net revenues, compared with $651 million, or 12.6 percent of net revenues, for the second quarter of fiscal 2010, an expansion of 10 basis points over the second quarter last year.

Gross margin (gross profit as a percentage of net revenues) for the quarter was 31.7 percent, compared with 32.7 percent for the second quarter last year. The change in gross margin as a percentage of net revenues compared with the second quarter last year reflects the impact of the return of strong growth in the business, which resulted in higher annual compensation increases, higher subcontractor costs, and higher recruiting and training costs from the addition of a larger number of new employees to meet demand.

Selling, general and administrative (SG&A) expenses for the second quarter were $1.15 billion, or 18.9 percent of net revenues, compared with $1.04 billion, or 20.0 percent of net revenues, for the second quarter last year.

The company’s effective tax rate for the quarter was 26.9 percent, compared with 27.8 percent for the second quarter last year. The lower rate in the second quarter of fiscal 2011 was due to a number of factors that affect the geographic distribution of income.

Net income for the quarter was $566 million, compared with $462 million for the same period of fiscal 2010, an increase of 22 percent.

Operating cash flow for the quarter was $601 million, and property and equipment additions were $79 million. Free cash flow, defined as operating cash flow net of property and equipment additions, rounded to $523 million. For the same period last year, operating cash flow was $660 million; property and equipment additions were $44 million; and free cash flow was $616 million.


Days services outstanding, or DSOs, were 32 days at Feb. 28, 2011, compared with 30 days at Aug. 31, 2010.

Accenture’s total cash balance at Feb. 28, 2011 was $4.68 billion, compared with $4.84 billion at Aug. 31, 2010.

Utilization for the quarter was 86 percent, compared with 88 percent for the second quarter of fiscal 2010. Attrition for the second quarter of fiscal 2011 was 14 percent, compared with 15 percent for the second quarter of fiscal 2010.

New Bookings

New bookings for the second quarter were $6.98 billion and reflect a negative 1 percent foreign-currency impact compared with new bookings in the second quarter last year.

 

   

Consulting new bookings were $3.80 billion, or 54 percent of total new bookings.

 

   

Outsourcing new bookings were $3.18 billion, or 46 percent of total new bookings.

Net Revenues by Operating Group

Net revenues by operating group were as follows:

 

   

Communications & High Tech: $1,274 million, compared with $1,110 million for the second quarter of fiscal 2010, an increase of 15 percent in U.S. dollars and 16 percent in local currency.

 

   

Financial Services: $1,266 million, compared with $1,077 million for the same period last year, an increase of 18 percent in U.S. dollars and 20 percent in local currency.

 

   

Health & Public Service: $965 million, compared with $852 million for the same period last year, an increase of 13 percent in U.S. dollars and 14 percent in local currency. Prior-year net revenues in the second quarter included a significant reduction due to a delivery inefficiency.

 

   

Products: $1,374 million, compared with $1,206 million for the second quarter last year, an increase of 14 percent in U.S. dollars and 15 percent in local currency.

 

   

Resources: $1,171 million, compared with $929 million for the same period of fiscal 2010, an increase of 26 percent in U.S. dollars and 25 percent in local currency.


Net Revenues by Geographic Region

Net revenues by geographic region for the second quarter were as follows:

 

   

Americas: $2,675 million, compared with $2,203 million for the second quarter of fiscal 2010, an increase of 21 percent in U.S. dollars and 20 percent in local currency.

 

   

Europe, Middle East and Africa (EMEA): $2,592 million, compared with $2,386 million for the second quarter of fiscal 2010, an increase of 9 percent in U.S. dollars and 14 percent in local currency.

 

   

Asia Pacific: $787 million, compared with $587 million for the year-ago period, an increase of 34 percent in U.S. dollars and 25 percent in local currency.

Returning Cash to Shareholders

Accenture continues to return cash to shareholders through cash dividends and share repurchases.

Dividend

Accenture plc has declared a semi-annual cash dividend of $0.45 per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on April 15, 2011, and Accenture SCA will declare a semi-annual cash dividend of $0.45 per share on Accenture SCA Class I common shares for shareholders of record at the close of business on April 12, 2011. These dividends are both payable on May 13, 2011.

Combined with the semi-annual cash dividend of $0.45 per share paid on Nov. 15, 2010, this brings the total dividend payments for the fiscal year to $0.90 per share, for total projected cash dividend payments of approximately $640 million.

Share Repurchase Activity

During the second quarter of fiscal 2011, Accenture repurchased or redeemed 3.6 million shares for a total of $177 million, including 0.1 million shares repurchased in the open market. This brings Accenture’s total share repurchases and redemptions for the first half of fiscal 2011 to 18.3 million shares, for a total of $797 million, including 3.3 million shares repurchased in the open market.

Accenture’s total remaining share repurchase authority at Feb. 28, 2011, was approximately $2.4 billion.

At Feb. 28, 2011, Accenture had approximately 716 million total shares outstanding, including 649 million Accenture plc Class A ordinary shares and 67 million Accenture SCA Class I common shares and Accenture Canada Holding, Inc. exchangeable shares.


Business Outlook

Third Quarter Fiscal 2011

Accenture expects net revenues for the third quarter of fiscal 2011 to be in the range of $6.3 billion to $6.5 billion. This range assumes a foreign-exchange impact of positive 4 percent compared with the third quarter of fiscal 2010.

Full Fiscal Year 2011

Accenture’s business outlook for the full 2011 fiscal year now assumes a foreign-exchange impact of positive 2 percent compared with fiscal 2010. The annual business outlook provided in the company’s first-quarter fiscal 2011 earnings announcement in December assumed a foreign-exchange impact of zero percent for the full fiscal year.

For fiscal 2011, the company has raised its outlook for net revenue growth to the range of 11 percent to 14 percent in local currency from its previous range of 8 percent to 11 percent in local currency. The company has also raised its outlook for diluted EPS to the range of $3.22 to $3.30 from its previous range of $3.08 to $3.16.

Accenture continues to expect operating margin for the full fiscal year to be in the range of 13.6 percent to 13.7 percent.

The company now expects operating cash flow to be $2.8 billion to $3.0 billion; now expects property and equipment additions to be $420 million; and continues to expect free cash flow to be in the range of $2.4 billion to $2.6 billion. The company continues to expect its annual effective tax rate to be in the range of 28 percent to 29 percent.

Accenture continues to target new bookings for fiscal 2011 in the range of $25 billion to $28 billion.

Conference Call and Webcast Details

Accenture will host a conference call at 4:30 p.m. EDT today to discuss its second-quarter fiscal 2011 financial results. To participate, please dial +1 (800) 230-1059 [+1 (612) 288-0337 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 www.accenture.com.

A replay of the conference call will be available online at www.accenture.com beginning at 7:00 p.m. EDT on Thursday, March 24, and continuing until Wednesday, June 22, 2011. A podcast of the conference call will be available online at www.accenture.com beginning approximately 24 hours after the call and continuing until Wednesday, June 22. 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 192444 from 7:00 p.m. EDT Thursday, March 24 through Wednesday, June 22.


About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 215,000 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$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.

Non-GAAP Financial Information

This press 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 these non-GAAP financial measures 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.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the company’s results of operations could be adversely affected by negative or uncertain economic or geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to changes in technology and client demand; the consulting and outsourcing markets are highly competitive and the company might not be able to compete effectively; work with government clients exposes the company to additional risks inherent in the government contracting environment, including risks related to the U.S. Federal budget; clients may not be satisfied with the company’s services; results of operations could be materially adversely affected if clients terminate their contracts with the company; outsourcing services are a significant part of the company’s business and subject the company to additional operational and financial risk; results of operations could materially suffer if the company is not able to obtain favorable pricing; if the company is unable to keep its supply of skills and resources in balance with client demand around the world, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the company’s business could be materially adversely affected if it incurs legal liability in connection with providing its services and solutions; if the company’s pricing estimates do not accurately anticipate the cost and complexity of performing work, then the company’s contracts could be unprofitable; many of the company’s contracts include performance payments that link some of the company’s fees to the attainment of performance or business targets and this could increase the variability of the company’s revenues and margins; the company’s ability to attract and retain business may depend on its reputation in the marketplace; the company’s alliance relationships may not be successful or may change, which could adversely affect the company’s results of operations; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; revenues, revenue growth and earnings in U.S. dollars may be lower if the U.S. dollar strengthens against other currencies, particularly the Euro and British pound; the company could have liability or the company’s reputation could be damaged if the company fails to protect client data and company data or information systems as obligated by law or contract or if


the company’s information systems are breached; the company could be subject to liabilities or damage to its relationships with clients if subcontractors or the third parties with whom the company partners cannot meet their commitments on time or at all; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; the company has only a limited ability to protect its intellectual property rights, which are important to the company’s success; changes in the company’s level of taxes, and audits, investigations and tax proceedings, could have a material adverse effect on the company’s results of operations and financial condition; the company’s profitability could suffer if its cost-management strategies are unsuccessful; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company may be subject to criticism, negative publicity and legislative or regulatory action related to its incorporation in Ireland; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; the company may not be successful at identifying, acquiring or integrating other businesses; consolidation in the industries the company serves could adversely affect its business; the company’s share price could fluctuate and be difficult to predict; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

###

Contact:

Fred Hawrysh

Accenture

+1 (917) 452-4398

fred.hawrysh@accenture.com

Alex Pachetti

Accenture

+1 (917) 452-5519

alex.pachetti@accenture.com


ACCENTURE PLC

CONSOLIDATED INCOME STATEMENTS

(In thousands of U.S. dollars, except share and per share amounts)

(Unaudited)

 

    Three Months Ended February 28,     Six Months Ended February 28,  
    2011     % of Net
Revenues
    2010     % of Net
Revenues
    2011     % of Net
Revenues
    2010     % of Net
Revenues
 

REVENUES:

               

Revenues before reimbursements (“Net revenues”)

  $ 6,053,621        100   $ 5,176,438        100   $ 12,099,271        100   $ 10,558,970        100

Reimbursements

    442,672          361,385          875,215          726,540     
                                       

Revenues

    6,496,293          5,537,823          12,974,486          11,285,510     

OPERATING EXPENSES:

               

Cost of services:

               

Cost of services before reimbursable expenses

    4,136,397        68.3     3,486,107        67.3     8,237,567        68.1     7,084,685        67.1

Reimbursable expenses

    442,672          361,385          875,215          726,540     
                                       

Cost of services

    4,579,069          3,847,492          9,112,782          7,811,225     

Sales and marketing

    709,779        11.7     623,386        12.0     1,441,250        11.9     1,245,246        11.8

General and administrative costs

    435,499        7.2     413,335        8.0     821,225        6.8     825,456        7.8

Reorganization costs, net

    369          2,637          717          6,202     
                                       

Total operating expenses

    5,724,716          4,886,850          11,375,974          9,888,129     
                                       

OPERATING INCOME

    771,577        12.7     650,973        12.6     1,598,512        13.2     1,397,381        13.2

(Loss) gain on investments, net

    (868       (302       (919       32     

Interest income

    9,893          7,029          19,286          13,974     

Interest expense

    (3,507       (4,519       (8,243       (9,000  

Other (expense) income, net

    (2,948       (13,791       10,139          (7,892  
                                       

INCOME BEFORE INCOME TAXES

    774,147        12.8     639,390        12.4     1,618,775        13.4     1,394,495        13.2

Provision for income taxes

    208,397          177,511          447,469          407,818     
                                       

NET INCOME

    565,750        9.3     461,879        8.9     1,171,306        9.7     986,677        9.3

Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc.

    (54,590       (58,470       (119,264       (132,451  

Net income attributable to noncontrolling interests – other (1)

    (8,143       (3,649       (14,311       (9,649  
                                       

NET INCOME ATTRIBUTABLE TO ACCENTURE PLC

  $ 503,017        8.3   $ 399,760        7.7   $ 1,037,731        8.6   $ 844,577        8.0
                                       

CALCULATION OF EARNINGS PER SHARE:

               

Net income attributable to Accenture plc

  $ 503,017        $ 399,760        $ 1,037,731        $ 844,577     

Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc. (2)

    54,590          58,470          119,264          132,451     
                                       

Net income for diluted earnings per share calculation

  $ 557,607        $ 458,230        $ 1,156,995        $ 977,028     
                                       

EARNINGS PER SHARE:

               

- Basic

  $ 0.78        $ 0.63        $ 1.62        $ 1.33     

- Diluted

  $ 0.75        $ 0.60        $ 1.56        $ 1.27     

WEIGHTED AVERAGE SHARES:

               

- Basic

    646,292,241          638,695,204          641,779,811          635,092,477     

- Diluted (3)

    742,852,436          769,188,236          742,912,682          771,399,018     

Cash dividends per share

  $ —          $ —          $ 0.45        $ 0.75     

 

(1) Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc.
(2) Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis.
(3) Diluted weighted average Accenture plc Class A ordinary shares in fiscal 2010 have been restated to reflect the impact of additional restricted share units issued to holders of restricted share units in connection with the payment of cash dividends.


ACCENTURE PLC

SUMMARY OF REVENUES

(In thousands of U.S. dollars)

(Unaudited)

 

OPERATING GROUPS

                       Percent  
                 Percent     Increase  
   Three Months Ended February 28,      Increase     Local  
   2011      2010      U.S.$     Currency  

Communications & High Tech

   $ 1,274,449       $ 1,110,147         15     16

Financial Services

     1,265,620         1,076,879         18        20   

Health & Public Service

     964,612         851,563         13        14   

Products

     1,373,646         1,205,575         14        15   

Resources

     1,171,016         929,309         26        25   

Other

     4,278         2,965         n/m        n/m   
                      

TOTAL Net Revenues

     6,053,621         5,176,438         17     18

Reimbursements

     442,672         361,385         22     
                      

TOTAL REVENUES

   $ 6,496,293       $ 5,537,823         17  
                      

GEOGRAPHY

          

Americas

   $ 2,675,490       $ 2,203,244         21     20

EMEA

     2,591,571         2,386,497         9        14   

Asia Pacific

     786,560         586,697         34        25   
                      

TOTAL Net Revenues

   $ 6,053,621       $ 5,176,438         17     18
                      

TYPE OF WORK

          

Consulting

   $ 3,509,482       $ 2,932,201         20     20

Outsourcing

     2,544,139         2,244,237         13        15   
                      

TOTAL Net Revenues

   $ 6,053,621       $ 5,176,438         17     18
                      

OPERATING GROUPS

                       Percent  
                 Percent     Increase  
   Six Months Ended February 28,      Increase     Local  
   2011      2010      U.S.$     Currency  

Communications & High Tech

   $ 2,558,925       $ 2,269,460         13     14

Financial Services

     2,566,738         2,180,916         18        20   

Health & Public Service

     1,896,212         1,798,075         5        6   

Products

     2,769,687         2,409,635         15        16   

Resources

     2,299,333         1,893,472         21        21   

Other

     8,376         7,412         n/m        n/m   
                      

TOTAL Net Revenues

     12,099,271         10,558,970         15     16

Reimbursements

     875,215         726,540         20     
                      

TOTAL REVENUES

   $ 12,974,486       $ 11,285,510         15  
                      

GEOGRAPHY

          

Americas

   $ 5,308,830       $ 4,432,308         20     19

EMEA

     5,229,298         4,936,869         6        12   

Asia Pacific

     1,561,143         1,189,793         31        22   
                      

TOTAL Net Revenues

   $ 12,099,271       $ 10,558,970         15     16
                      

TYPE OF WORK

          

Consulting

   $ 7,077,430       $ 6,052,440         17     18

Outsourcing

     5,021,841         4,506,530         11        13   
                      

TOTAL Net Revenues

   $ 12,099,271       $ 10,558,970         15     16
                      

 

n/m = not meaningful


ACCENTURE PLC

 

 

OPERATING INCOME BY OPERATING GROUP (OG)

 

 
(In thousands of U.S. dollars)  
(Unaudited)  
     Three Months Ended February 28,        
     2011     2010        
OPERATING GROUPS    Operating
Income
     Operating
Margin
    Operating
Income
     Operating
Margin
    Increase
(Decrease)
 

Communications & High Tech

   $ 150,445         12   $ 141,633         13   $ 8,812   

Financial Services

     204,214         16        185,015         17        19,199   

Health & Public Service

     89,569         9        36,799         4        52,770   

Products

     125,785         9        141,209         12        (15,424

Resources

     201,564         17        146,317         16        55,247   
                              

Total

   $ 771,577         12.7   $ 650,973         12.6   $ 120,604   
                              
     Six Months Ended February 28,        
     2011     2010        
OPERATING GROUPS    Operating
Income
     Operating
Margin
    Operating
Income
     Operating
Margin
    Increase
(Decrease)
 

Communications & High Tech

   $ 343,686         13   $ 286,013         13   $ 57,673   

Financial Services

     448,795         17        379,882         17        68,913   

Health & Public Service

     147,352         8        171,761         10        (24,409

Products

     283,046         10        257,243         11        25,803   

Resources

     375,633         16        302,482         16        73,151   
                              

Total

   $ 1,598,512         13.2   $ 1,397,381         13.2   $ 201,131   
                              


ACCENTURE PLC

 

 

CONSOLIDATED BALANCE SHEETS

 

 

(In thousands of U.S. dollars)

 

 
     February 28, 2011      August 31, 2010  
     (Unaudited)         

ASSETS

     

CURRENT ASSETS:

     

Cash and cash equivalents

   $ 4,677,544       $ 4,838,292   

Short-term investments

     5,192         2,987   

Receivables from clients, net

     3,072,103         2,534,598   

Unbilled services, net

     1,373,376         1,127,827   

Other current assets

     1,151,062         1,059,921   
                 

Total current assets

     10,279,277         9,563,625   
                 

NON-CURRENT ASSETS:

     

Unbilled services, net

     48,341         54,310   

Investments

     37,708         41,023   

Property and equipment, net

     694,788         659,569   

Other non-current assets

     2,833,559         2,516,726   
                 

Total non-current assets

     3,614,396         3,271,628   
                 

TOTAL ASSETS

   $ 13,893,673       $ 12,835,253   
                 

LIABILITIES AND SHAREHOLDERS’ EQUITY

     

CURRENT LIABILITIES:

     

Current portion of long-term debt and bank borrowings

   $ 422       $ 143   

Accounts payable

     846,365         885,328   

Deferred revenues

     2,114,235         1,772,833   

Accrued payroll and related benefits

     2,495,790         2,683,492   

Other accrued liabilities

     1,160,284         1,225,808   
                 

Total current liabilities

     6,617,096         6,567,604   
                 

NON-CURRENT LIABILITIES:

     

Long-term debt

     4,129         1,445   

Other non-current liabilities

     3,224,677         2,991,481   
                 

Total non-current liabilities

     3,228,806         2,992,926   
                 

TOTAL ACCENTURE PLC SHAREHOLDERS’ EQUITY

     3,592,907         2,835,746   

NONCONTROLLING INTERESTS

     454,864         438,977   
                 

TOTAL SHAREHOLDERS’ EQUITY

     4,047,771         3,274,723   
                 

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

   $ 13,893,673       $ 12,835,253   
                 


ACCENTURE PLC

 

 

CONSOLIDATED CASH FLOWS STATEMENTS

 

 
(In thousands of U.S. dollars)  

(Unaudited)

 

 
     Three Months Ended February 28,     Six Months Ended February 28,  
     2011     2010     2011     2010  

CASH FLOWS FROM OPERATING ACTIVITIES:

        

Net income

   $ 565,750      $ 461,879      $ 1,171,306      $ 986,677   

Depreciation, amortization and asset impairments

     121,084        118,518        241,143        233,416   

Share-based compensation expense

     133,092        120,811        218,188        219,416   

Change in assets and liabilities/other, net

     (218,822     (41,227     (923,134     (560,417
                                

Net cash provided by operating activities

     601,104        659,981        707,503        879,092   
                                

CASH FLOWS FROM INVESTING ACTIVITIES:

        

Purchases of property and equipment

     (78,575     (44,046     (154,058     (78,863

Purchases of businesses and investments, net of cash acquired

     (58,219     (2,266     (118,262     (89

Other investing, net

     1,209        (1,542     1,895        1,738   
                                

Net cash used in investing activities

     (135,585     (47,854     (270,425     (77,214
                                

CASH FLOWS FROM FINANCING ACTIVITIES:

        

Proceeds from issuance of ordinary shares

     111,764        91,091        282,035        242,372   

Purchases of shares

     (177,492     (434,257     (797,212     (885,527

Cash dividends paid

     —          —          (320,650     (551,442

Other financing, net

     18,836        290        85,328        20,008   
                                

Net cash used in financing activities

     (46,892     (342,876     (750,499     (1,174,589

Effect of exchange rate changes on cash and cash equivalents

     98,465        (154,563     152,673        (54,200
                                

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

     517,092        114,688        (160,748     (426,911

CASH AND CASH EQUIVALENTS, beginning of period

     4,160,452        4,000,063        4,838,292        4,541,662   
                                

CASH AND CASH EQUIVALENTS, end of period

   $ 4,677,544      $ 4,114,751      $ 4,677,544      $ 4,114,751