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Thursday, September 24, 2020

Accenture Reports Fourth-Quarter and Full-Year Fiscal 2020 Results In Line With Expectations

For the fourth quarter, revenues are $10.8 billion, a decrease of 2% in U.S. dollars and 1% in local currency, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs


Fourth-quarter GAAP EPS are $1.99, a 14% increase from fiscal 2019, including $0.29 of gains on an investment; excluding these gains, EPS are $1.70, a 2% decline from fiscal 2019
 

For full fiscal year, revenues are $44.3 billion, an increase of 3% in U.S. dollars and 4% in local currency, including a reduction of approximately 1 percentage point from a decline in revenues from reimbursable travel costs
 

Fiscal 2020 GAAP EPS are $7.89, a 7% increase from fiscal 2019, including $0.43 of gains on an investment; excluding these gains, EPS are $7.46, a 1% increase from fiscal 2019
 

Free cash flow is a record $3.0 billion in Q4 and a record $7.6 billion for full year, with cash balance at Aug. 31, 2020 of $8.4 billion -- -- New bookings are $14.0 billion for fourth quarter, the company’s second-highest ever, and a record $49.6 billion for full year
 

Company increases quarterly cash dividend 10%, to $0.88 per share; Board of Directors approves $5.0 billion of additional share repurchase authority
 

For fiscal 2021, Accenture expects revenue growth of 2% to 5% in local currency, including a reduction of approximately 1 percentage point from a decline in revenues from reimbursable travel costs, and GAAP diluted EPS of $7.80 to $8.10.

To view original Press Release, please click here.

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