Accenture (ACN) FY2011 results: revenue $27.4 billion, up 18.4% on the year
Accenture plc (ACN) reported revenue of $27.4 billion for fiscal 2011, the year ended 31 August 2011, up 18.4% on the year before. Net income was $2.3 billion, up 27.9%, and diluted earnings per share $3.40. The figures are the company's own, from the 10-K it filed with the SEC on 21 October 2011.
Revenue
$27.4 billion
+18.4% on the year
FY2008FY2011
Operating margin
12.7%
12.6% a year earlier
FY2008FY2011
Net income
$2.3 billion
+27.9% on the year
FY2008FY2011
Diluted EPS
$3.40
+27.8% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
27,353
23,094
23,171
+18.4%
Cost of revenue
18,966
15,843
16,330
+19.7%
Gross profit
8,387
7,251
6,841
+15.7%
Gross margin
30.7%
31.4%
29.5%
Research and development
482
377
435
+27.8%
Operating income
3,470
2,915
2,644
+19.1%
Operating margin
12.7%
12.6%
11.4%
Interest expense
15.0
14.7
14.1
+2.2%
Pre-tax income
3,512
2,914
2,678
+20.5%
Income tax
959
854
740
+12.3%
Effective tax rate
27.3%
29.3%
27.6%
Net income
2,278
1,781
1,590
+27.9%
Net margin
8.3%
7.7%
6.9%
Diluted EPS
$3.40
$2.66
$2.44
+27.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,442
3,092
3,160
+11.3%
Capital expenditure
404
238
243
+69.5%
Free cash flow
3,038
2,853
2,917
+6.5%
Free cash flow margin
11.1%
12.4%
12.6%
Cash from investing
-703
-274
-245
Cash from financing
-2,122
-2,429
-1,850
Depreciation and amortisation
513
475
499
+8.1%
Share-based compensation
450
426
453
+5.7%
Buybacks
2,172
2,071
1,855
+4.9%
Dividends paid
644
824
378
-21.9%
Dividend per share
$0.90
$1.12
$0.50
-20.0%
Diluted shares, weighted
742m
766m
787m
-3.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,879
2,836
2,835
+36.8%
Non-controlling interest
472
439
551
+7.5%
Debt
4.4
1.4
0.4
+205.8%
Other liabilities
11,376
9,559
8,869
+19.0%
Total liabilities and equity
15,732
12,835
12,256
+22.6%
Fixed assets
785
660
701
+19.1%
Goodwill
1,132
841
825
+34.6%
Investments
45.3
44.0
36.9
+2.9%
Cash and equivalents
5,701
4,838
4,542
+17.8%
Receivables
3,236
2,535
2,251
+27.7%
Other assets
4,832
3,918
3,900
+23.3%
Total assets
15,732
12,835
12,256
+22.6%
10-K for the year ended 31 August 2011, filed 21 October 2011: the filing.