Accenture Posts 11 Percent Q1 Revenue Drop

December 20, 2009 – Accenture/(NYSE:CAN) has posted first quarter of fiscal 2010 net revenues of $5.38 billion, compared with $6.02 billion last year, a decrease of 11 percent in U.S. dollars and 12 percent in local currency from the same period last year and within the company’s guided range. Net income for the quarter was $525 million, compared with $593 million for the same period of fiscal 2009, a decrease of 12 percent. Diluted earnings per share were $0.67. “We are seeing building momentum in key areas of our business,” said William D. Green, Accenture’s chairman and CEO. “Consulting bookings of $3.5 billion, growing pipelines and broadly heightened levels of activity are encouraging signs. We have mobilized to capture this opportunity. The demand for high performance from our clients is accelerating.” Accenture is a global management consulting, technology services and outsourcing company, with more than 176,000 people serving clients in more than 120 countries. The firm recently cut its marketing and promotional ties to golfer Tiger Woods.