Nearshore Americas

Accenture Reports over $3 Billion in Outsourcing Business in Recent Quarter

Accenture reported financial results for the second quarter of fiscal 2010, ended Feb. 28, 2010, with net revenues of $5.18 billion, a decrease of 2 percent in U.S. dollars and 8 percent in local currency from the same period last year and within the company’s guided range. Diluted earnings per share were $0.60.

Operating income was $651 million and operating margin was 12.6 percent, compared with operating income of $677 million and operating margin of 12.9 percent in the second quarter last year. Operating margin of 12.9 percent in the second quarter last year included a 30-basis-point benefit resulting from a reduction in reorganization liabilities in that quarter.

New bookings for the quarter were $6.52 billion, with consulting bookings of $3.39 billion and outsourcing bookings of $3.13 billion, bringing total new bookings for the first half of fiscal 2010 to more than $12 billion.

In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of 37.5 cents per share, to be paid on May 14, 2010. In October, the company said that it would move from an annual to a semi-annual schedule for the payment of dividends starting in the third quarter of fiscal 2010.

William D. Green, Accenture’s chairman & CEO, said, “Our second-quarter results demonstrate that we continue to manage our business very well in a challenging economic environment and that clients value our knowledge, experience and skills, as well as our focus on execution excellence and value delivered. Revenues were within our expected range, we delivered solid operating margin and generated significant free cash flow, and our balance sheet remains strong.

“We are seeing increasing momentum in many areas of our business, as clients are starting to look to the future and to focus on growth and revenue enhancement along with continued improvements in operating efficiency. Our strong $6.5 billion in bookings — with more than $3 billion each in consulting and outsourcing — coupled with our growing pipeline, show heightened demand for our services and a positive trajectory for our business. We are well positioned to drive profitable growth and, as always, remain focused on delivering value to our clients and shareholders.”

Financial Review

Revenues before reimbursements (“net revenues”) for the second quarter of fiscal 2010 were $5.18 billion, compared with $5.27 billion in the second quarter of fiscal 2009, a decrease of 2 percent in U.S. dollars and 8 percent in local currency. Net revenues for the second quarter of fiscal 2010 reflect a foreign-exchange impact of positive 6 percent.

— Consulting net revenues for the quarter were $2.93 billion, a decrease of 3 percent in U.S. dollars and 9 percent in local currency from the second quarter of fiscal 2009.

— Outsourcing net revenues were $2.24 billion, flat in U.S. dollars and a decrease of 6 percent in local currency from the second quarter of fiscal 2009.

Diluted EPS for the second quarter of fiscal 2010 were $0.60, a decrease of $0.03 from the second quarter of fiscal 2009, broken down as:

— a $0.05 decrease from lower revenue and operating results in local currency;

— a $0.01 decrease from lower reorganization benefits included in operating income; and

— a $0.03 decrease from lower non-operating income;

offset by:

— a $0.02 increase from a lower share count; and

— a $0.04 increase from favorable foreign-exchange rates compared with the second quarter of fiscal 2009.

Operating income for the second quarter was $651 million, or 12.6 percent of net revenues, compared with $677 million, or 12.9 percent of net revenues, for the second quarter of fiscal 2009. Operating margin of 12.9 percent in the second quarter last year included a 30-basis-point benefit resulting from a reduction in reorganization liabilities in that quarter. Absent that benefit, operating margin in the second quarter last year would have been 12.6 percent.

Gross margin (gross profit as a percentage of net revenues) for the second quarter was 32.7 percent, compared with 30.8 percent for the second quarter last year. Selling, general and administrative (SG&A) expenses for the second quarter were $1.04 billion, or 20.0 percent of net revenues, compared with $958 million, or 18.2 percent of net revenues, for the second quarter last year. The change in gross margin and in SG&A as a percentage of net revenues compared with the second quarter last year was primarily due to the implementation of the company’s sales-effectiveness model, which the company described last quarter. This had no overall impact on reported operating expenses or operating margin.

The company’s effective tax rate for the second quarter was 27.8 percent, compared with 28.1 percent for the second quarter last year.

Net income (previously “Net income before noncontrolling interests” and “Income before minority interest”) for the second quarter was $462 million, compared with $502 million for the same period of fiscal 2009.

Operating cash flow for the second quarter was $660 million, and property and equipment additions were $44 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $616 million. For the same period last year, operating cash flow was $631 million; property and equipment additions were $53 million; and free cash flow was $578 million.

Days services outstanding, or DSOs, were 30 at Feb. 28, 2010, compared with 28 at Aug. 31, 2009.

Accenture’s total cash balance at Feb. 28, 2010 was $4.11 billion, compared with $4.54 billion at Aug. 31, 2009.

Utilization for the second quarter of fiscal 2010 was 88 percent, compared with 88 percent for the first quarter and 83 percent for the second quarter last year. Attrition for the quarter was 15 percent, compared with 12 percent for the first quarter and 9 percent for the second quarter last year.

New Bookings

New bookings for the second quarter were $6.52 billion and reflect a positive 6 percent foreign-currency impact when compared to new bookings in the second quarter last year.

— Consulting new bookings were $3.39 billion, or 52 percent of total new bookings.

— Outsourcing new bookings were $3.13 billion, or 48 percent of total new bookings.

Net Revenues by Operating Group

Net revenues by operating group for the second quarter were as follows:

— Communications & High Tech: $1,110 million, compared with $1,194 million for the second quarter of fiscal 2009, a decrease of 7 percent in U.S. dollars and 13 percent in local currency.

— Financial Services: $1,077 million, compared with $1,041 million for the same period last year, an increase of 3 percent in U.S. dollars and a decrease of 4 percent in local currency.

— Health & Public Service: $852 million, compared with $876 million* for the same period last year, a decrease of 3 percent in U.S. dollars and 7 percent in local currency.

— Products: $1,206 million, compared with $1,196 million* for the second quarter last year, an increase of 1 percent in U.S. dollars and a decrease of 5 percent in local currency.

— Resources: $929 million, compared with $953 million for the same period of fiscal 2009, a decrease of 3 percent in U.S. dollars and 10 percent in local currency.

*On Sept. 1, 2009, the Company formed the Health & Public Service operating group by combining various healthcare-related components of its Products operating group with its Public Service operating group. Prior-period amounts have been reclassified to conform to the current-period presentation.

Net Revenues by Geographic Region

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

— Americas: $2,203 million, compared with $2,298 million for the second quarter of fiscal 2009, a decrease of 4 percent in U.S. dollars and 7 percent in local currency.

— Europe, Middle East and Africa (EMEA): $2,386 million, compared with $2,415 million for the second quarter of fiscal 2009, a decrease of 1 percent in U.S. dollars and 9 percent in local currency.

— Asia Pacific: $587 million, compared with $553 million for the year-ago period, an increase of 6 percent in U.S. dollars and a decrease of 4 percent in local currency.

Share Repurchase Activity

During the second quarter of fiscal 2010, Accenture repurchased or redeemed 10.4 million shares for a total of $434 million, including 2.4 million shares repurchased in the open market. Accenture’s total remaining share repurchase authority at Feb. 28, 2010, was approximately $4.1 billion.

At Feb. 28, 2010, Accenture had approximately 726 million total shares outstanding, including 636 million Accenture plc Class A ordinary shares and 90 million Accenture SCA Class I common shares and Accenture Canada Holding, Inc. exchangeable shares.

Dividend

Accenture plc has declared a semi-annual cash dividend of 37.5 cents per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on April 16, 2010, and Accenture SCA will declare a semi-annual cash dividend of 37.5 cents per share on Accenture SCA Class I common shares for shareholders of record at the close of business on April 13, 2010. These dividends are both payable on May 14, 2010.

Business Outlook

Third Quarter Fiscal 2010

Accenture expects net revenues for the third quarter of fiscal 2010 to be in the range of $5.5 billion to $5.7 billion. This range assumes a foreign-exchange impact of positive 5 percent compared with the third quarter of fiscal 2009.

Full Fiscal Year 2010

The company’s business outlook for the full fiscal year now assumes a foreign-exchange impact of positive 3 percent compared with fiscal 2009. The annual business outlook provided in the company’s first-quarter earnings announcement in October assumed a foreign-exchange impact of positive 5 percent.

Accenture continues to target new bookings for fiscal 2010 in the range of $23 billion to $26 billion.

Accenture now expects net revenue growth for the full fiscal year to be at the low end of its guided range of negative 3 percent to positive 1 percent in local currency.

Reflecting its updated foreign-currency assumption, the company has lowered its outlook for diluted EPS for the full fiscal year by $0.06 and now expects diluted EPS to be in the range of $2.61 to $2.69. Accenture continues to expect operating margin for the full fiscal year to be 13.4 percent.

The company continues to expect operating cash flow to be in the range of $2.39 billion to $2.59 billion, property and equipment additions to be $290 million, and free cash flow to be in the range of $2.1 billion to $2.3 billion. The company also continues to expect the annual effective tax rate to be in the range of 30 percent to 32 percent.

Conference Call and Webcast Details

Accenture will host a conference call at 4:30 p.m. EDT today to discuss its second-quarter fiscal 2010 financial results. To participate, please dial +1 (800) 230-1059 +1 (612) 332-0107 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 http://www.accenture.com.

A replay of the conference call will be available online at http://www.accenture.com beginning at 7:00 p.m. EDT today and continuing until Wednesday, June 23, 2010. A podcast of the conference call will be available online at http://www.accenture.com beginning approximately 24 hours after the call and continuing until Wednesday, June 23. 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 148470 from 7:00 p.m. EDT today through Wednesday, June 23.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 181,000 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$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is http://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: our results of operations could be adversely affected by economic and political conditions and the effects of these conditions on our clients’ businesses and levels of business activity; our results of operations could be negatively affected if we cannot expand and develop our services and solutions in response to changes in technology and client demand; the consulting, systems integration and technology and outsourcing markets are highly competitive and we might not be able to compete effectively; our work with government clients exposes us to additional risks in the government contracting environment; clients may not be satisfied with our services; our results of operations could be adversely affected if our clients terminate their contracts with us; our outsourcing services subject us to operational and financial risk; our results of operations may be adversely affected by the type and level of technology spending by our clients; our profitability may suffer if we are not able to maintain favorable pricing rates and utilization rates; our business could be negatively affected by legal liability that results from our providing solutions or services; our profitability may suffer if we cannot anticipate the cost and complexity of performing our work or if we are not able to control our costs; our global operations are subject to complex risks, some of which might be beyond our control; our business and financial results may be adversely affected if we are unable to keep our supply of skills and resources in balance with client demand, including if we are unable to hire sufficient employees with the skills and background we require; liabilities could arise if our subcontractors or other third parties cannot deliver their project contributions on time or at all; legislative or regulatory action could materially and adversely affect us; we may be subject to criticism and negative publicity related to our incorporation in Ireland; we might be unable to achieve our business objectives if we are unable to manage the organizational challenges associated with our size; consolidation in the industries that we serve could adversely affect our business; our ability to attract and retain business may depend on our reputation in the marketplace; our share price could fluctuate due to numerous factors, including variability in revenues, operating results and profitability; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in our 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.

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,
                                                                 2010               % of Net   2009               % of Net   2010               % of Net   2009               % of Net
                                                                                    Revenues                      Revenues                      Revenues                      Revenues
REVENUES:
Revenues before reimbursements ("Net revenues")                  $  5,176,438       100  %     $  5,266,324       100  %     $  10,558,970      100  %     $  11,285,821      100  %
Reimbursements                                                      361,385                       391,239                       726,540                       842,350
Revenues                                                            5,537,823                     5,657,563                     11,285,510                    12,128,171
OPERATING EXPENSES:
Cost of services:
Cost of services before reimbursable expenses                       3,486,107       67.3 %        3,643,999       69.2 %        7,084,685       67.1 %        7,775,688       68.9 %
Reimbursable expenses                                               361,385                       391,239                       726,540                       842,350
Cost of services                                                    3,847,492                     4,035,238                     7,811,225                     8,618,038
Sales and marketing                                                 623,386         12.0 %        519,226         9.9  %        1,245,246       11.8 %        1,082,418       9.6  %
General and administrative costs                                    413,335         8.0  %        438,641         8.3  %        825,456         7.8  %        945,380         8.4  %
Reorganization costs (benefits), net                                2,637                         (13,009     )                 6,202                         (9,904      )
Total operating expenses                                            4,886,850                     4,980,096                     9,888,129                     10,635,932
OPERATING INCOME                                                    650,973         12.6 %        677,467         12.9 %        1,397,381       13.2 %        1,492,239       13.2 %
(Loss) gain on investments, net                                     (302        )                 (119        )                 32                            1,241
Interest income                                                     7,029                         11,155                        13,974                        33,351
Interest expense                                                    (4,519      )                 (3,214      )                 (9,000      )                 (6,614      )
Other (expense) income, net                                         (13,791     )                 13,673                        (7,892      )                 (12,734     )
INCOME BEFORE INCOME TAXES                                          639,390         12.4 %        698,962         13.3 %        1,394,495       13.2 %        1,507,483       13.4 %
Provision for income taxes                                          177,511                       196,554                       407,818                       411,842
NET INCOME                                                          461,879         8.9  %        502,408         9.5  %        986,677         9.3  %        1,095,641       9.7  %
Net income attributable to noncontrolling interests in              (58,470     )                 (87,335     )                 (132,451    )                 (195,468    )
Accenture SCA and Accenture Canada Holdings Inc.
Net income attributable to noncontrolling interests - other (1)     (3,649      )                 (3,637      )                 (9,649      )                 (8,871      )
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC                         $  399,760         7.7  %     $  411,436         7.8  %     $  844,577         8.0  %     $  891,302         7.9  %
CALCULATION OF EARNINGS PER SHARE:
Net income attributable to Accenture plc                         $  399,760                    $  411,436                    $  844,577                    $  891,302
Net income attributable to noncontrolling interests in              58,470                        87,335                        132,451                       195,468
Accenture SCA and Accenture Canada Holdings Inc. (2)
Net income for diluted earnings per share calculation            $  458,230                    $  498,771                    $  977,028                    $  1,086,770
EARNINGS PER SHARE:
- Basic                                                          $  0.63                       $  0.66                       $  1.33                       $  1.43
- Diluted                                                        $  0.60                       $  0.63                       $  1.27                       $  1.37
WEIGHTED AVERAGE SHARES:
- Basic                                                             638,695,204                   620,461,500                   635,092,477                   621,322,235
- Diluted (3)                                                       768,453,497                   787,147,545                   770,691,181                   792,459,262
Cash dividends per share                                         $  -                          $  -                          $  0.75                       $  0.50
___________
(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 2009 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)
                                                                   Percent      Percent
                                                                   (Decrease)   Decrease
                             Three Months Ended February 28,       Increase     Local
                             2010               2009               US$          Currency
OPERATING GROUPS
Communications & High Tech   $      1,110,147   $      1,193,656   (7    %)     (13  %)
Financial Services                  1,076,879          1,040,705   3     %      (4   %)
Health & Public Service (1)         851,563            876,069     (3    %)     (7   %)
Products (1)                        1,205,575          1,195,608   1     %      (5   %)
Resources                           929,309            953,267     (3    %)     (10  %)
Other                               2,965              7,019       n/m          n/m
TOTAL Net Revenues                  5,176,438          5,266,324   (2    %)     (8   %)
Reimbursements                      361,385            391,239     (8    %)
TOTAL REVENUES               $      5,537,823   $      5,657,563   (2    %)
GEOGRAPHY
Americas                     $      2,203,244   $      2,298,382   (4    %)     (7   %)
EMEA                                2,386,497          2,414,595   (1    %)     (9   %)
Asia Pacific                        586,697            553,347     6     %      (4   %)
TOTAL Net Revenues           $      5,176,438   $      5,266,324   (2    %)     (8   %)
TYPE OF WORK
Consulting                   $      2,932,201   $      3,030,048   (3    %)     (9   %)
Outsourcing                         2,244,237          2,236,276   0     %      (6   %)
TOTAL Net Revenues           $      5,176,438   $      5,266,324   (2    %)     (8   %)
                                                                   Percent      Percent
                                                                   (Decrease)   Decrease
                             Six Months Ended February 28,         Increase     Local
OPERATING GROUPS                    2010               2009        US$          Currency
Communications & High Tech   $      2,269,460   $      2,557,474   (11   %)     (15  %)
Financial Services                  2,180,916          2,278,783   (4    %)     (8   %)
Health & Public Service (1)         1,798,075          1,819,403   (1    %)     (4   %)
Products (1)                        2,409,635          2,580,570   (7    %)     (10  %)
Resources                           1,893,472          2,032,495   (7    %)     (11  %)
Other                               7,412              17,096      n/m          n/m
TOTAL Net Revenues                  10,558,970         11,285,821  (6    %)     (10  %)
Reimbursements                      726,540            842,350     (14   %)
TOTAL REVENUES               $      11,285,510  $      12,128,171  (7    %)
GEOGRAPHY
Americas                     $      4,432,308   $      4,874,760   (9    %)     (11  %)
EMEA                                4,936,869          5,287,681   (7    %)     (11  %)
Asia Pacific                        1,189,793          1,123,380   6     %      (3   %)
TOTAL Net Revenues           $      10,558,970  $      11,285,821  (6    %)     (10  %)
TYPE OF WORK
Consulting                   $      6,052,440   $      6,687,223   (9    %)     (13  %)
Outsourcing                         4,506,530          4,598,598   (2    %)     (5   %)
TOTAL Net Revenues           $      10,558,970  $      11,285,821  (6    %)     (10  %)
n/m = not meaningful
(1)  On September 1, 2009, the Company formed the Health & Public
     Service operating group by combining various healthcare-related
     components of its Products operating group with its Public Service
     operating group. Prior-period amounts have been reclassified to
     conform to the current-period presentation.
ACCENTURE PLC
OPERATING INCOME BY OPERATING GROUP (OG)
(In thousands of U.S. dollars)
(Unaudited)
                             Three Months Ended February 28,
                             2010                       2009
OPERATING GROUPS             Operating       Operating  Operating       Operating  (Decrease)
                             Income          Margin     Income          Margin     Increase
Communications & High Tech   $    141,633    13   %     $    152,152    13   %     $   (10,519 )
Financial Services                185,015    17   %          96,168     9    %         88,847
Health & Public Service (1)       36,799     4    %          136,144    16   %         (99,345 )
Products (1)                      141,209    12   %          144,142    12   %         (2,933  )
Resources                         146,317    16   %          148,861    16   %         (2,544  )
Total                        $    650,973    12.6 %     $    677,467    12.9 %     $   (26,494 )
                             Six Months Ended February 28,
                             2010                       2009
OPERATING GROUPS             Operating       Operating  Operating       Operating  (Decrease)
                             Income          Margin     Income          Margin     Increase
Communications & High Tech   $    286,013    13   %     $    331,308    13   %     $   (45,295 )
Financial Services                379,882    17   %          253,407    11   %         126,475
Health & Public Service (1)       171,761    10   %          262,591    14   %         (90,830 )
Products (1)                      257,243    11   %          333,810    13   %         (76,567 )
Resources                         302,482    16   %          311,123    15   %         (8,641  )
Total                        $    1,397,381  13.2 %     $    1,492,239  13.2 %     $   (94,858 )
(1)  On September 1, 2009, the Company formed the Health & Public
     Service operating group by combining various healthcare-related
     components of its Products operating group with its Public Service
     operating group. Prior-period amounts have been reclassified to
     conform to the current-period presentation.
ACCENTURE PLC
CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
                                                       February 28, 2010    August 31, 2009
                                                       (Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents                              $        4,114,751   $       4,541,662
Short-term investments                                          7,323               7,904
Receivables from clients, net                                   2,470,983           2,251,341
Unbilled services, net                                          1,118,919           1,110,444
Other current assets                                            1,062,476           1,079,163
Total current assets                                            8,774,452           8,990,514
NON-CURRENT ASSETS:
Unbilled services, net                                          62,930              94,496
Investments                                                     30,162              29,011
Property and equipment, net                                     646,727             701,144
Other non-current assets                                        2,375,817           2,440,569
Total non-current assets                                        3,115,636           3,265,220
TOTAL ASSETS                                           $        11,890,088  $       12,255,734
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings  $        206         $       594
Accounts payable                                                683,632             717,379
Deferred revenues                                               1,796,394           1,725,179
Accrued payroll and related benefits                            2,137,896           2,423,883
Other accrued liabilities                                       1,191,091           1,371,924
Total current liabilities                                       5,809,219           6,238,959
NON-CURRENT LIABILITIES:
Long-term debt                                                  199                 361
Other non-current liabilities                                   2,639,767           2,630,208
Total non-current liabilities                                   2,639,966           2,630,569
TOTAL ACCENTURE PLC SHAREHOLDERS' EQUITY                        2,959,496           2,835,221
NONCONTROLLING INTERESTS                                        481,407             550,985
TOTAL SHAREHOLDERS' EQUITY                                      3,440,903           3,386,206
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY             $        11,890,088  $       12,255,734
ACCENTURE PLC
CONSOLIDATED CASH FLOWS STATEMENTS
(In thousands of U.S. dollars)
(Unaudited)
                                                               Three Months Ended February 28,           Six Months Ended February 28,
                                                               2010                 2009                 2010                  2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                                     $    461,879         $    502,408         $    986,677          $    1,095,641
Depreciation, amortization and asset impairments                    118,518              135,069              233,416               254,632
Share-based compensation expense                                    120,811              134,977              219,416               222,100
Change in assets and liabilities/other, net                         (41,227   )          (141,817  )          (560,417   )          (473,604   )
Net cash provided by operating activities                           659,981              630,637              879,092               1,098,769
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment                                 (44,046   )          (52,613   )          (78,863    )          (124,489   )
Purchases of businesses and investments, net of cash acquired       (2,266    )          (1,499    )          (89        )          (2,806     )
Other investing, net                                                (1,542    )          881                  1,738                 14,291
Net cash used in investing activities                               (47,854   )          (53,231   )          (77,214    )          (113,004   )
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of ordinary shares                           91,091               80,690               242,372               212,287
Purchases of shares                                                 (434,257  )          (356,819  )          (885,527   )          (1,046,771 )
Cash dividends paid                                                 -                    -                    (551,442   )          (378,446   )
Other financing, net                                                290                  (23,820   )          20,008                (14,939    )
Net cash used in financing activities                               (342,876  )          (299,949  )          (1,174,589 )          (1,227,869 )
Effect of exchange rate changes on cash and cash equivalents        (154,563  )          (82,418   )          (54,200    )          (382,656   )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                114,688              195,039              (426,911   )          (624,760   )
CASH AND CASH EQUIVALENTS, beginning of period                      4,000,063            2,782,961            4,541,662             3,602,760
CASH AND CASH EQUIVALENTS, end of period                       $    4,114,751       $    2,978,000       $    4,114,751        $    2,978,000

SOURCE: Accenture

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Kirk Laughlin

Kirk Laughlin is an award-winning editor and subject expert in information technology and offshore BPO/ contact center strategies.

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