Accenture (ACN) FY2017 results: revenue $36.2 billion, up 4.0% on the year
Accenture plc (ACN) reported revenue of $36.2 billion for fiscal 2017, the year ended 31 August 2017, up 4.0% on the year before. Net income was $3.4 billion, down 16.2%, and diluted earnings per share $5.44. The figures are the company's own, from the 10-K it filed with the SEC on 26 October 2017.
Revenue
$36.2 billion
+4.0% on the year
FY2010FY2017
Operating margin
14.4%
13.8% a year earlier
FY2010FY2017
Net income
$3.4 billion
-16.2% on the year
FY2010FY2017
Diluted EPS
$5.44
-15.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
36,177
34,798
32,914
+4.0%
Cost of revenue
25,105
24,520
23,105
+2.4%
Gross profit
11,071
10,277
9,809
+7.7%
Gross margin
30.6%
29.5%
29.8%
Research and development
704
643
626
+9.5%
Operating income
5,191
4,810
4,436
+7.9%
Operating margin
14.4%
13.8%
13.5%
Interest expense
15.5
16.3
14.6
-4.4%
Pre-tax income
4,616
5,604
4,411
-17.6%
Income tax
981
1,254
1,137
-21.8%
Effective tax rate
21.3%
22.4%
25.8%
Net income
3,445
4,112
3,054
-16.2%
Net margin
9.5%
11.8%
9.3%
Diluted EPS
$5.44
$6.45
$4.76
-15.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
4,973
4,667
4,176
+6.5%
Capital expenditure
516
497
395
+3.9%
Free cash flow
4,457
4,171
3,781
+6.9%
Free cash flow margin
12.3%
12.0%
11.5%
Cash from investing
-2,234
-610
-1,170
Cash from financing
-3,560
-3,489
-3,286
Depreciation and amortisation
802
729
646
+10.0%
Share-based compensation
795
758
680
+4.9%
Buybacks
2,649
2,605
2,453
+1.7%
Dividends paid
1,568
1,438
1,353
+9.0%
Dividend per share
$2.42
$2.20
$2.04
+10.0%
Diluted shares, weighted
660m
668m
679m
-1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,949
7,555
6,134
+18.5%
Non-controlling interest
761
634
514
+20.0%
Debt
25.1
27.2
27.4
-7.9%
Other liabilities
12,955
12,392
11,528
+4.5%
Total liabilities and equity
22,690
20,609
18,203
+10.1%
Fixed assets
1,141
957
802
+19.2%
Goodwill
5,002
3,609
2,930
+38.6%
Intangible assets
710
510
465
+39.2%
Investments
215
202
47.5
+6.5%
Cash and equivalents
4,127
4,906
4,361
-15.9%
Receivables
4,569
4,072
3,841
+12.2%
Other assets
6,926
6,354
5,757
+9.0%
Total assets
22,690
20,609
18,203
+10.1%
10-K for the year ended 31 August 2017, filed 26 October 2017: the filing.