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þ
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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¨
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Ireland
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98-0627530
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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Large accelerated filer
þ
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Accelerated filer
¨
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Non-accelerated filer
¨
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Smaller reporting company
¨
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(Do not check if a smaller reporting company)
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Page
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May 31,
2013 |
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August 31,
2012 |
||||
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(Unaudited)
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||||
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ASSETS
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||||
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CURRENT ASSETS:
|
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||||
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Cash and cash equivalents
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$
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5,938,085
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$
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6,640,526
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Short-term investments
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2,486
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2,261
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Receivables from clients, net
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3,375,047
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3,080,877
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Unbilled services, net
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1,475,238
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1,399,834
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Deferred income taxes, net
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723,656
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685,732
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Other current assets
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564,407
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778,701
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Total current assets
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12,078,919
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12,587,931
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NON-CURRENT ASSETS:
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||||
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Unbilled services, net
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17,262
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12,151
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Investments
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55,577
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28,180
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Property and equipment, net
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798,915
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779,494
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Goodwill
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1,472,955
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1,215,383
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Deferred contract costs
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538,361
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537,943
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Deferred income taxes, net
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955,421
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808,765
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Other non-current assets
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606,348
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695,568
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Total non-current assets
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4,444,839
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4,077,484
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TOTAL ASSETS
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$
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16,523,758
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$
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16,665,415
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LIABILITIES AND SHAREHOLDERS’ EQUITY
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||||
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CURRENT LIABILITIES:
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Current portion of long-term debt and bank borrowings
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$
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—
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$
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11
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Accounts payable
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922,658
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903,847
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Deferred revenues
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2,253,450
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2,275,052
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Accrued payroll and related benefits
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3,245,793
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3,428,838
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Accrued consumption taxes
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321,504
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317,622
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Income taxes payable
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283,608
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253,527
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||
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Deferred income taxes, net
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27,679
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|
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21,916
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|
||
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Other accrued liabilities
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575,930
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908,392
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Total current liabilities
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7,630,622
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8,109,205
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NON-CURRENT LIABILITIES:
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||||
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Long-term debt
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—
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22
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Deferred revenues relating to contract costs
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504,628
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553,764
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Retirement obligation
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918,810
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1,352,266
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Deferred income taxes, net
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147,090
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105,544
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Income taxes payable
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1,169,842
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1,597,590
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Other non-current liabilities
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342,706
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322,596
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Total non-current liabilities
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3,083,076
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3,931,782
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COMMITMENTS AND CONTINGENCIES
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||||
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SHAREHOLDERS’ EQUITY:
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||||
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Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of May 31, 2013 and August 31, 2012
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57
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57
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Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 768,553,789 and 745,749,177 shares issued as of May 31, 2013 and August 31, 2012, respectively
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17
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16
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Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 30,888,896 and 43,371,864 shares issued and outstanding as of May 31, 2013 and August 31, 2012, respectively
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1
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1
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Restricted share units
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929,427
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863,714
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Additional paid-in capital
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2,153,906
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1,341,576
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Treasury shares, at cost: Ordinary, 40,000 shares as of May 31, 2013 and August 31, 2012; Class A ordinary, 122,574,101 and 112,370,409 shares as of May 31, 2013 and August 31, 2012, respectively
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(6,310,666
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)
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(5,285,625
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)
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Retained earnings
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9,404,277
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7,904,242
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Accumulated other comprehensive loss
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(852,152
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)
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(678,148
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)
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Total Accenture plc shareholders’ equity
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5,324,867
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4,145,833
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Noncontrolling interests
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485,193
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478,595
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Total shareholders’ equity
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5,810,060
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4,624,428
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TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
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$
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16,523,758
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$
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16,665,415
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Three Months Ended May 31,
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Nine Months Ended May 31,
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||||||||||||
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2013
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2012
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2013
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2012
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||||||||
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REVENUES:
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Revenues before reimbursements (“Net revenues”)
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$
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7,198,140
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$
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7,154,690
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$
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21,476,143
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$
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21,026,437
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Reimbursements
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509,795
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486,100
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1,393,148
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1,463,289
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||||
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Revenues
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7,707,935
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7,640,790
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22,869,291
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22,489,726
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||||
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OPERATING EXPENSES:
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||||||||
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Cost of services:
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||||||||
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Cost of services before reimbursable expenses
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4,760,121
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4,783,785
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14,441,568
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14,287,626
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||||
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Reimbursable expenses
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509,795
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|
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486,100
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1,393,148
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1,463,289
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|
||||
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Cost of services
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5,269,916
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|
5,269,885
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15,834,716
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15,750,915
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|
||||
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Sales and marketing
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886,641
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854,476
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2,588,890
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2,464,291
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||||
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General and administrative costs
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458,631
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455,233
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1,363,034
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1,342,064
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||||
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Reorganization (benefits) costs, net
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(49,224
|
)
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|
435
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(272,526
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)
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1,258
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||||
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Total operating expenses
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6,565,964
|
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|
6,580,029
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19,514,114
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19,558,528
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|
||||
|
OPERATING INCOME
|
1,141,971
|
|
|
1,060,761
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|
|
3,355,177
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|
|
2,931,198
|
|
||||
|
Interest income
|
7,251
|
|
|
11,304
|
|
|
25,877
|
|
|
31,062
|
|
||||
|
Interest expense
|
(3,588
|
)
|
|
(3,497
|
)
|
|
(11,778
|
)
|
|
(11,875
|
)
|
||||
|
Other income (expense), net
|
951
|
|
|
(2,115
|
)
|
|
5,114
|
|
|
7,635
|
|
||||
|
INCOME BEFORE INCOME TAXES
|
1,146,585
|
|
|
1,066,453
|
|
|
3,374,390
|
|
|
2,958,020
|
|
||||
|
Provision for income taxes
|
272,522
|
|
|
303,622
|
|
|
547,198
|
|
|
769,242
|
|
||||
|
NET INCOME
|
874,063
|
|
|
762,831
|
|
|
2,827,192
|
|
|
2,188,778
|
|
||||
|
Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc.
|
(53,177
|
)
|
|
(63,203
|
)
|
|
(190,495
|
)
|
|
(185,747
|
)
|
||||
|
Net income attributable to noncontrolling interests – other
|
(10,628
|
)
|
|
(10,409
|
)
|
|
(25,819
|
)
|
|
(27,803
|
)
|
||||
|
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC
|
$
|
810,258
|
|
|
$
|
689,219
|
|
|
$
|
2,610,878
|
|
|
$
|
1,975,228
|
|
|
Weighted average Class A ordinary shares:
|
|
|
|
|
|
|
|
||||||||
|
Basic
|
650,625,931
|
|
|
645,761,617
|
|
|
646,617,365
|
|
|
645,507,900
|
|
||||
|
Diluted
|
714,984,161
|
|
|
729,528,085
|
|
|
714,990,587
|
|
|
729,754,854
|
|
||||
|
Earnings per Class A ordinary share:
|
|
|
|
|
|
|
|
||||||||
|
Basic
|
$
|
1.25
|
|
|
$
|
1.07
|
|
|
$
|
4.04
|
|
|
$
|
3.06
|
|
|
Diluted
|
$
|
1.21
|
|
|
$
|
1.03
|
|
|
$
|
3.92
|
|
|
$
|
2.96
|
|
|
Cash dividends per share
|
$
|
0.81
|
|
|
$
|
0.675
|
|
|
$
|
1.62
|
|
|
$
|
1.35
|
|
|
|
Three Months Ended May 31,
|
|
Nine Months Ended May 31,
|
||||||||||||
|
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
|
NET INCOME
|
$
|
874,063
|
|
|
$
|
762,831
|
|
|
$
|
2,827,192
|
|
|
$
|
2,188,778
|
|
|
OTHER COMPREHENSIVE LOSS, BEFORE TAX:
|
|
|
|
|
|
|
|
||||||||
|
Foreign currency translation adjustments
|
(113,117
|
)
|
|
(250,438
|
)
|
|
(135,839
|
)
|
|
(420,300
|
)
|
||||
|
Defined benefit plans:
|
|
|
|
|
|
|
|
||||||||
|
Actuarial (loss) gain arising during the period
|
(5,536
|
)
|
|
—
|
|
|
9,303
|
|
|
—
|
|
||||
|
Curtailment gain arising during the period
|
3,473
|
|
|
—
|
|
|
6,409
|
|
|
—
|
|
||||
|
Prior service cost arising during the period
|
—
|
|
|
—
|
|
|
(48,774
|
)
|
|
—
|
|
||||
|
Amortization of actuarial loss
|
6,916
|
|
|
8,141
|
|
|
26,540
|
|
|
25,419
|
|
||||
|
Amortization of prior service cost (credit)
|
95
|
|
|
(1,076
|
)
|
|
844
|
|
|
(3,311
|
)
|
||||
|
Total defined benefit plans
|
4,948
|
|
|
7,065
|
|
|
(5,678
|
)
|
|
22,108
|
|
||||
|
Unrealized losses on cash flow hedges:
|
|
|
|
|
|
|
|
||||||||
|
Unrealized losses during the period
|
(87,081
|
)
|
|
(165,385
|
)
|
|
(76,092
|
)
|
|
(194,458
|
)
|
||||
|
Reclassification adjustments included in net income
|
3,080
|
|
|
15,360
|
|
|
20,272
|
|
|
34,790
|
|
||||
|
Total unrealized losses on cash flow hedges
|
(84,001
|
)
|
|
(150,025
|
)
|
|
(55,820
|
)
|
|
(159,668
|
)
|
||||
|
Unrealized (losses) gains on marketable securities:
|
|
|
|
|
|
|
|
||||||||
|
Unrealized (losses) gains during the period
|
—
|
|
|
(84
|
)
|
|
—
|
|
|
158
|
|
||||
|
Total unrealized (losses) gains on marketable securities
|
—
|
|
|
(84
|
)
|
|
—
|
|
|
158
|
|
||||
|
TOTAL OTHER COMPREHENSIVE LOSS, BEFORE TAX
|
(192,170
|
)
|
|
(393,482
|
)
|
|
(197,337
|
)
|
|
(557,702
|
)
|
||||
|
Income tax benefit related to other comprehensive loss
|
17,023
|
|
|
53,759
|
|
|
11,934
|
|
|
54,562
|
|
||||
|
TOTAL OTHER COMPREHENSIVE LOSS
|
(175,147
|
)
|
|
(339,723
|
)
|
|
(185,403
|
)
|
|
(503,140
|
)
|
||||
|
COMPREHENSIVE INCOME
|
698,916
|
|
|
423,108
|
|
|
2,641,789
|
|
|
1,685,638
|
|
||||
|
Comprehensive income attributable to noncontrolling interests
|
(52,216
|
)
|
|
(48,319
|
)
|
|
(204,915
|
)
|
|
(172,584
|
)
|
||||
|
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC
|
$
|
646,700
|
|
|
$
|
374,789
|
|
|
$
|
2,436,874
|
|
|
$
|
1,513,054
|
|
|
|
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class X
Ordinary
Shares
|
|
Restricted
Share
Units
|
|
Additional
Paid-in
Capital
|
|
Treasury Shares
|
|
Retained
Earnings
|
|
Accumulated
Other
Comprehensive
Loss
|
|
Total
Accenture plc
Shareholders’
Equity
|
|
Noncontrolling
Interests
|
|
Total
Shareholders’
Equity
|
||||||||||||||||||||||||||||||||||
|
|
$
|
|
No.
Shares
|
|
$
|
|
No.
Shares
|
|
$
|
|
No.
Shares
|
|
|
|
$
|
|
No.
Shares
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
|
Balance as of August 31, 2012
|
$
|
57
|
|
|
40
|
|
|
$
|
16
|
|
|
745,749
|
|
|
$
|
1
|
|
|
43,372
|
|
|
$
|
863,714
|
|
|
$
|
1,341,576
|
|
|
$
|
(5,285,625
|
)
|
|
(112,410
|
)
|
|
$
|
7,904,242
|
|
|
$
|
(678,148
|
)
|
|
$
|
4,145,833
|
|
|
$
|
478,595
|
|
|
$
|
4,624,428
|
|
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,610,878
|
|
|
|
|
2,610,878
|
|
|
216,314
|
|
|
2,827,192
|
|
||||||||||||||||||||||
|
Other comprehensive loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(174,004
|
)
|
|
(174,004
|
)
|
|
(11,399
|
)
|
|
(185,403
|
)
|
||||||||||||||||||||||
|
Comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,436,874
|
|
|
|
|
2,641,789
|
|
||||||||||||||||||||||||
|
Income tax benefit on share-based compensation plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
195,012
|
|
|
|
|
|
|
|
|
|
|
195,012
|
|
|
|
|
195,012
|
|
|||||||||||||||||||||||
|
Purchases of Class A ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,860
|
|
|
(1,243,970
|
)
|
|
(16,981
|
)
|
|
|
|
|
|
(1,172,110
|
)
|
|
(71,860
|
)
|
|
(1,243,970
|
)
|
||||||||||||||||||||
|
Share-based compensation expense
|
|
|
|
|
|
|
|
|
|
|
|
|
440,708
|
|
|
32,609
|
|
|
|
|
|
|
|
|
|
|
473,317
|
|
|
|
|
473,317
|
|
||||||||||||||||||||||
|
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares
|
|
|
|
|
|
|
|
|
|
|
(12,483
|
)
|
|
|
|
(189,960
|
)
|
|
|
|
|
|
|
|
|
|
(189,960
|
)
|
|
(13,608
|
)
|
|
(203,568
|
)
|
|||||||||||||||||||||
|
Issuances of Class A ordinary shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||
|
Employee share programs
|
|
|
|
|
1
|
|
|
11,969
|
|
|
|
|
|
|
(430,199
|
)
|
|
642,824
|
|
|
218,929
|
|
|
6,777
|
|
|
|
|
|
|
431,555
|
|
|
26,539
|
|
|
458,094
|
|
|||||||||||||||||
|
Upon redemption of Accenture SCA Class I common shares
|
|
|
|
|
|
|
10,836
|
|
|
|
|
|
|
|
|
49,413
|
|
|
|
|
|
|
|
|
|
|
49,413
|
|
|
(49,413
|
)
|
|
—
|
|
|||||||||||||||||||||
|
Dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
55,204
|
|
|
|
|
|
|
|
|
(1,098,121
|
)
|
|
|
|
(1,042,917
|
)
|
|
(78,821
|
)
|
|
(1,121,738
|
)
|
|||||||||||||||||||||
|
Other, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,572
|
|
|
|
|
|
|
(12,722
|
)
|
|
|
|
(2,150
|
)
|
|
(11,154
|
)
|
|
(13,304
|
)
|
|||||||||||||||||||||
|
Balance as of May 31, 2013
|
$
|
57
|
|
|
40
|
|
|
$
|
17
|
|
|
768,554
|
|
|
$
|
1
|
|
|
30,889
|
|
|
$
|
929,427
|
|
|
$
|
2,153,906
|
|
|
$
|
(6,310,666
|
)
|
|
(122,614
|
)
|
|
$
|
9,404,277
|
|
|
$
|
(852,152
|
)
|
|
$
|
5,324,867
|
|
|
$
|
485,193
|
|
|
$
|
5,810,060
|
|
|
|
2013
|
|
2012
|
||||
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
|
|
|
||||
|
Net income
|
$
|
2,827,192
|
|
|
$
|
2,188,778
|
|
|
Adjustments to reconcile Net income to Net cash provided by operating activities —
|
|
|
|
||||
|
Depreciation, amortization and asset impairments
|
439,321
|
|
|
414,636
|
|
||
|
Reorganization (benefits) costs, net
|
(272,526
|
)
|
|
1,258
|
|
||
|
Share-based compensation expense
|
473,317
|
|
|
412,389
|
|
||
|
Deferred income taxes, net
|
(129,371
|
)
|
|
(132,803
|
)
|
||
|
Other, net
|
(65,284
|
)
|
|
(160,073
|
)
|
||
|
Change in assets and liabilities, net of acquisitions —
|
|
|
|
||||
|
Receivables from clients, net
|
(278,066
|
)
|
|
(218,540
|
)
|
||
|
Unbilled services, current and non-current
|
(75,626
|
)
|
|
(246,396
|
)
|
||
|
Other current and non-current assets
|
71,857
|
|
|
(18,845
|
)
|
||
|
Accounts payable
|
24,956
|
|
|
(132,028
|
)
|
||
|
Deferred revenues, current and non-current
|
(43,667
|
)
|
|
224,298
|
|
||
|
Accrued payroll and related benefits
|
(169,412
|
)
|
|
110,747
|
|
||
|
Income taxes payable, current and non-current
|
(254,699
|
)
|
|
35,936
|
|
||
|
Other current and non-current liabilities
|
(520,374
|
)
|
|
69,304
|
|
||
|
Net cash provided by operating activities
|
2,027,618
|
|
|
2,548,661
|
|
||
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
|
||||
|
Proceeds from maturities and sales of available-for-sale investments
|
—
|
|
|
12,549
|
|
||
|
Purchases of available-for-sale investments
|
—
|
|
|
(7,554
|
)
|
||
|
Proceeds from sales of property and equipment
|
12,880
|
|
|
2,635
|
|
||
|
Purchases of property and equipment
|
(267,364
|
)
|
|
(256,716
|
)
|
||
|
Purchases of businesses and investments, net of cash acquired
|
(369,145
|
)
|
|
(173,684
|
)
|
||
|
Net cash used in investing activities
|
(623,629
|
)
|
|
(422,770
|
)
|
||
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|
||||
|
Proceeds from issuance of ordinary shares
|
458,094
|
|
|
397,665
|
|
||
|
Purchases of shares
|
(1,447,538
|
)
|
|
(1,403,100
|
)
|
||
|
Repayments of long-term debt, net
|
(34
|
)
|
|
(6,346
|
)
|
||
|
Proceeds from short-term borrowings, net
|
69
|
|
|
5,344
|
|
||
|
Cash dividends paid
|
(1,121,738
|
)
|
|
(950,857
|
)
|
||
|
Excess tax benefits from share-based payment arrangements
|
95,121
|
|
|
70,410
|
|
||
|
Other, net
|
(25,967
|
)
|
|
(28,987
|
)
|
||
|
Net cash used in financing activities
|
(2,041,993
|
)
|
|
(1,915,871
|
)
|
||
|
Effect of exchange rate changes on cash and cash equivalents
|
(64,437
|
)
|
|
(282,439
|
)
|
||
|
NET DECREASE IN CASH AND CASH EQUIVALENTS
|
(702,441
|
)
|
|
(72,419
|
)
|
||
|
CASH AND CASH EQUIVALENTS,
beginning of period
|
6,640,526
|
|
|
5,701,078
|
|
||
|
CASH AND CASH EQUIVALENTS,
end of period
|
$
|
5,938,085
|
|
|
$
|
5,628,659
|
|
|
|
Three Months Ended May 31,
|
|
Nine Months Ended May 31,
|
||||||||||||
|
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
|
Basic Earnings per share
|
|
|
|
|
|
|
|
||||||||
|
Net income attributable to Accenture plc
|
$
|
810,258
|
|
|
$
|
689,219
|
|
|
$
|
2,610,878
|
|
|
$
|
1,975,228
|
|
|
Basic weighted average Class A ordinary shares
|
650,625,931
|
|
|
645,761,617
|
|
|
646,617,365
|
|
|
645,507,900
|
|
||||
|
Basic earnings per share
|
$
|
1.25
|
|
|
$
|
1.07
|
|
|
$
|
4.04
|
|
|
$
|
3.06
|
|
|
Diluted Earnings per share
|
|
|
|
|
|
|
|
||||||||
|
Net income attributable to Accenture plc
|
$
|
810,258
|
|
|
$
|
689,219
|
|
|
$
|
2,610,878
|
|
|
$
|
1,975,228
|
|
|
Net income attributable to noncontrolling interests in
Accenture SCA and Accenture Canada Holdings Inc. (1) |
53,177
|
|
|
63,203
|
|
|
190,495
|
|
|
185,747
|
|
||||
|
Net income for diluted earnings per share calculation
|
$
|
863,435
|
|
|
$
|
752,422
|
|
|
$
|
2,801,373
|
|
|
$
|
2,160,975
|
|
|
Basic weighted average Class A ordinary shares
|
650,625,931
|
|
|
645,761,617
|
|
|
646,617,365
|
|
|
645,507,900
|
|
||||
|
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)
|
42,735,065
|
|
|
59,205,983
|
|
|
47,612,585
|
|
|
60,730,644
|
|
||||
|
Diluted effect of employee compensation related to Class A ordinary shares (2)
|
21,562,644
|
|
|
24,452,125
|
|
|
20,747,594
|
|
|
23,453,555
|
|
||||
|
Diluted effect of share purchase plans related to Class A ordinary shares
|
60,521
|
|
|
108,360
|
|
|
13,043
|
|
|
62,755
|
|
||||
|
Diluted weighted average Class A ordinary shares (2)
|
714,984,161
|
|
|
729,528,085
|
|
|
714,990,587
|
|
|
729,754,854
|
|
||||
|
Diluted earnings per share (2)
|
$
|
1.21
|
|
|
$
|
1.03
|
|
|
$
|
3.92
|
|
|
$
|
2.96
|
|
|
(1)
|
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. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.
|
|
(2)
|
Diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts for the three and nine months ended May 31, 2012 have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the payments of cash dividends during fiscal 2013. This did not result in a change to previously reported Diluted earnings per share.
|
|
|
Three Months Ended May 31,
|
|
Nine Months Ended May 31,
|
||||||||||||
|
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
|
Reorganization liability, beginning of period
|
$
|
64,279
|
|
|
$
|
287,913
|
|
|
$
|
268,806
|
|
|
$
|
307,286
|
|
|
Final determinations
|
(49,690
|
)
|
|
—
|
|
|
(273,945
|
)
|
|
—
|
|
||||
|
Interest expense accrued
|
466
|
|
|
435
|
|
|
1,419
|
|
|
1,258
|
|
||||
|
Other adjustments
|
787
|
|
|
—
|
|
|
3,532
|
|
|
—
|
|
||||
|
Foreign currency translation adjustments
|
1,942
|
|
|
(22,645
|
)
|
|
17,972
|
|
|
(42,841
|
)
|
||||
|
Reorganization liability, end of period
|
$
|
17,784
|
|
|
$
|
265,703
|
|
|
$
|
17,784
|
|
|
$
|
265,703
|
|
|
|
August 31,
2012 |
|
Additions/
Adjustments |
|
Foreign
Currency Translation Adjustments |
|
May 31,
2013 |
||||||||
|
Communications, Media & Technology
|
$
|
168,413
|
|
|
$
|
44,498
|
|
|
$
|
(6,095
|
)
|
|
$
|
206,816
|
|
|
Financial Services
|
407,956
|
|
|
48,791
|
|
|
(2,707
|
)
|
|
454,040
|
|
||||
|
Health & Public Service
|
285,333
|
|
|
10,907
|
|
|
(999
|
)
|
|
295,241
|
|
||||
|
Products
|
270,178
|
|
|
156,284
|
|
|
(1,555
|
)
|
|
424,907
|
|
||||
|
Resources
|
83,503
|
|
|
10,470
|
|
|
(2,022
|
)
|
|
91,951
|
|
||||
|
Total
|
$
|
1,215,383
|
|
|
$
|
270,950
|
|
|
$
|
(13,378
|
)
|
|
$
|
1,472,955
|
|
|
|
Three Months Ended May 31,
|
||||||||||||||||||||||
|
|
2013
|
|
2012
|
||||||||||||||||||||
|
|
Before Tax
|
|
Income Tax Benefit (Expense)
|
|
Net of Tax
|
|
Before Tax
|
|
Income Tax Benefit (Expense)
|
|
Net of Tax
|
||||||||||||
|
Foreign currency translation adjustments
|
$
|
(113,117
|
)
|
|
$
|
370
|
|
|
$
|
(112,747
|
)
|
|
$
|
(250,438
|
)
|
|
$
|
553
|
|
|
$
|
(249,885
|
)
|
|
Defined benefit plans
|
4,948
|
|
|
(12,855
|
)
|
|
(7,907
|
)
|
|
7,065
|
|
|
(3,035
|
)
|
|
4,030
|
|
||||||
|
Unrealized (losses) gains on cash flow hedges
|
(84,001
|
)
|
|
29,508
|
|
|
(54,493
|
)
|
|
(150,025
|
)
|
|
56,241
|
|
|
(93,784
|
)
|
||||||
|
Unrealized losses on marketable securities
|
—
|
|
|
—
|
|
|
—
|
|
|
(84
|
)
|
|
—
|
|
|
(84
|
)
|
||||||
|
Other comprehensive (loss) income
|
$
|
(192,170
|
)
|
|
$
|
17,023
|
|
|
$
|
(175,147
|
)
|
|
$
|
(393,482
|
)
|
|
$
|
53,759
|
|
|
$
|
(339,723
|
)
|
|
|
Nine Months Ended May 31,
|
||||||||||||||||||||||
|
|
2013
|
|
2012
|
||||||||||||||||||||
|
|
Before Tax
|
|
Income Tax Benefit (Expense)
|
|
Net of Tax
|
|
Before Tax
|
|
Income Tax Benefit (Expense)
|
|
Net of Tax
|
||||||||||||
|
Foreign currency translation adjustments
|
$
|
(135,839
|
)
|
|
$
|
101
|
|
|
$
|
(135,738
|
)
|
|
$
|
(420,300
|
)
|
|
$
|
1,892
|
|
|
$
|
(418,408
|
)
|
|
Defined benefit plans
|
(5,678
|
)
|
|
(8,063
|
)
|
|
(13,741
|
)
|
|
22,108
|
|
|
(8,485
|
)
|
|
13,623
|
|
||||||
|
Unrealized (losses) gains on cash flow hedges
|
(55,820
|
)
|
|
19,896
|
|
|
(35,924
|
)
|
|
(159,668
|
)
|
|
61,155
|
|
|
(98,513
|
)
|
||||||
|
Unrealized gains on marketable securities
|
—
|
|
|
—
|
|
|
—
|
|
|
158
|
|
|
—
|
|
|
158
|
|
||||||
|
Other comprehensive (loss) income
|
$
|
(197,337
|
)
|
|
$
|
11,934
|
|
|
$
|
(185,403
|
)
|
|
$
|
(557,702
|
)
|
|
$
|
54,562
|
|
|
$
|
(503,140
|
)
|
|
|
|
Dividend Per
Share |
|
Accenture plc Class A
Ordinary Shares |
|
Accenture SCA Class I Common
Shares and Accenture Canada Holdings Inc. Exchangeable Shares |
|
Total Cash
Outlay |
||||||||||||
|
Dividend Payment Date
|
|
|
Record Date
|
|
Cash Outlay
|
|
Record Date
|
|
Cash Outlay
|
|
||||||||||
|
November 15, 2012
|
|
$
|
0.81
|
|
|
October 12, 2012
|
|
$
|
516,170
|
|
|
October 9, 2012
|
|
$
|
43,965
|
|
|
$
|
560,135
|
|
|
May 15, 2013
|
|
0.81
|
|
|
April 12, 2013
|
|
526,747
|
|
|
April 9, 2013
|
|
34,856
|
|
|
561,603
|
|
||||
|
Total Dividends
|
|
|
|
|
|
$
|
1,042,917
|
|
|
|
|
$
|
78,821
|
|
|
$
|
1,121,738
|
|
||
|
|
Nine Months Ended May 31,
|
||||||
|
|
2013
|
|
2012
|
||||
|
Net unrealized (losses) gains on cash flow hedges, beginning of period
|
$
|
(31,752
|
)
|
|
$
|
52,315
|
|
|
Change in fair value
|
(76,092
|
)
|
|
(194,458
|
)
|
||
|
Reclassification adjustments into Cost of services
|
20,272
|
|
|
34,790
|
|
||
|
Portion attributable to Noncontrolling interests
|
3,416
|
|
|
13,237
|
|
||
|
Net unrealized losses on cash flow hedges, end of period
|
$
|
(84,156
|
)
|
|
$
|
(94,116
|
)
|
|
|
May 31,
2013 |
|
August 31,
2012 |
||||
|
Assets
|
|
|
|
||||
|
Cash Flow Hedges
|
|
|
|
||||
|
Other current assets
|
$
|
7,888
|
|
|
$
|
15,392
|
|
|
Other non-current assets
|
4,408
|
|
|
36,106
|
|
||
|
Other Derivatives
|
|
|
|
||||
|
Other current assets
|
10,133
|
|
|
9,988
|
|
||
|
Total assets
|
$
|
22,429
|
|
|
$
|
61,486
|
|
|
Liabilities
|
|
|
|
||||
|
Cash Flow Hedges
|
|
|
|
||||
|
Other accrued liabilities
|
$
|
58,941
|
|
|
$
|
59,458
|
|
|
Other non-current liabilities
|
40,606
|
|
|
23,471
|
|
||
|
Other Derivatives
|
|
|
|
||||
|
Other accrued liabilities
|
42,740
|
|
|
11,147
|
|
||
|
Total liabilities
|
$
|
142,287
|
|
|
$
|
94,076
|
|
|
Total fair value
|
$
|
(119,858
|
)
|
|
$
|
(32,590
|
)
|
|
Total notional value
|
$
|
5,205,934
|
|
|
$
|
4,853,191
|
|
|
|
Three Months Ended May 31,
|
||||||||||||||
|
|
2013
|
|
2012
|
||||||||||||
|
|
Net
Revenues |
|
Operating
Income |
|
Net
Revenues |
|
Operating
Income |
||||||||
|
Communications, Media & Technology
|
$
|
1,425,655
|
|
|
$
|
213,359
|
|
|
$
|
1,505,403
|
|
|
$
|
232,548
|
|
|
Financial Services
|
1,574,479
|
|
|
275,730
|
|
|
1,502,473
|
|
|
216,451
|
|
||||
|
Health & Public Service
|
1,191,070
|
|
|
167,524
|
|
|
1,088,353
|
|
|
115,666
|
|
||||
|
Products
|
1,724,596
|
|
|
263,978
|
|
|
1,701,823
|
|
|
241,558
|
|
||||
|
Resources
|
1,279,221
|
|
|
221,380
|
|
|
1,351,838
|
|
|
254,538
|
|
||||
|
Other
|
3,119
|
|
|
—
|
|
|
4,800
|
|
|
—
|
|
||||
|
Total
|
$
|
7,198,140
|
|
|
$
|
1,141,971
|
|
|
$
|
7,154,690
|
|
|
$
|
1,060,761
|
|
|
|
Nine Months Ended May 31,
|
||||||||||||||
|
|
2013
|
|
2012
|
||||||||||||
|
|
Net
Revenues |
|
Operating
Income |
|
Net
Revenues |
|
Operating
Income |
||||||||
|
Communications, Media & Technology
|
$
|
4,295,930
|
|
|
$
|
622,151
|
|
|
$
|
4,521,967
|
|
|
$
|
664,481
|
|
|
Financial Services
|
4,646,286
|
|
|
760,986
|
|
|
4,362,931
|
|
|
574,020
|
|
||||
|
Health & Public Service
|
3,558,478
|
|
|
499,201
|
|
|
3,198,534
|
|
|
328,093
|
|
||||
|
Products
|
5,103,858
|
|
|
763,904
|
|
|
4,955,972
|
|
|
644,590
|
|
||||
|
Resources
|
3,852,560
|
|
|
708,935
|
|
|
3,971,914
|
|
|
720,014
|
|
||||
|
Other
|
19,031
|
|
|
—
|
|
|
15,119
|
|
|
—
|
|
||||
|
Total
|
$
|
21,476,143
|
|
|
$
|
3,355,177
|
|
|
$
|
21,026,437
|
|
|
$
|
2,931,198
|
|
|
•
|
Our results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on our clients’ businesses and levels of business activity.
|
|
•
|
Our business depends on generating and maintaining ongoing, profitable client demand for our services and solutions, and a significant reduction in such demand could materially affect our results of operations.
|
|
•
|
If we are unable to keep our supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected.
|
|
•
|
The markets in which we compete are highly competitive, and we might not be able to compete effectively.
|
|
•
|
We could have liability or our reputation could be damaged if we fail to protect client and/or Accenture data or information systems as obligated by law or contract or if our information systems are breached.
|
|
•
|
Our results of operations and ability to grow could be materially negatively affected if we cannot adapt and expand our services and solutions in response to ongoing changes in technology and offerings by new entrants.
|
|
•
|
As a result of our geographically diverse operations and our growth strategy to continue geographic expansion, we are more susceptible to certain risks.
|
|
•
|
Our Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose us to operational risks.
|
|
•
|
Our results of operations could materially suffer if we are not able to obtain sufficient pricing to enable us to meet our profitability expectations.
|
|
•
|
If our pricing estimates do not accurately anticipate the cost, risk and complexity of performing our work or third parties upon whom we rely do not meet their commitments, then our contracts could have delivery inefficiencies and be unprofitable.
|
|
•
|
Our work with government clients exposes us to additional risks inherent in the government contracting environment.
|
|
•
|
Our business could be materially adversely affected if we incur legal liability in connection with providing our services and solutions.
|
|
•
|
Our results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates.
|
|
•
|
Our alliance relationships may not be successful or may change, which could adversely affect our results of operations.
|
|
•
|
Outsourcing services and the continued expansion of our other services and solutions into new areas subject us to different operational risks than our consulting and systems integration services.
|
|
•
|
Our services or solutions could infringe upon the intellectual property rights of others or we might lose our ability to utilize the intellectual property of others.
|
|
•
|
We have only a limited ability to protect our intellectual property rights, which are important to our success.
|
|
•
|
Our ability to attract and retain business and employees may depend on our reputation in the marketplace.
|
|
•
|
We might not be successful at identifying, acquiring or integrating businesses or entering into joint ventures.
|
|
•
|
Our profitability could suffer if our cost-management strategies are unsuccessful, and we may not be able to improve our profitability through improvements to cost-management to the degree we have done in the past.
|
|
•
|
Many of our contracts include payments that link some of our fees to the attainment of performance or business targets and/or require us to meet specific service levels. This could increase the variability of our revenues and impact our margins.
|
|
•
|
Changes in our level of taxes, and audits, investigations and tax proceedings, or changes in our treatment as an Irish company, could have a material adverse effect on our results of operations and financial condition.
|
|
•
|
If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives.
|
|
•
|
If we are unable to collect our receivables or unbilled services, our results of operations, financial condition and cash flows could be adversely affected.
|
|
•
|
Our share price and results of operations could fluctuate and be difficult to predict.
|
|
•
|
Our results of operations and share price could be adversely affected if we are unable to maintain effective internal controls.
|
|
•
|
We are incorporated in Ireland and a significant portion of our assets are located outside the United States. As a result, it might not be possible for shareholders to enforce civil liability provisions of the federal or state securities laws of the United States. We may also be subject to criticism and negative publicity related to our incorporation in Ireland.
|
|
•
|
Irish law differs from the laws in effect in the United States and might afford less protection to shareholders.
|
|
•
|
We might be unable to access additional capital on favorable terms or at all. If we raise equity capital, it may dilute our shareholders’ ownership interest in us.
|
|
|
Three Months Ended May 31,
|
|
Percent
Increase (Decrease) U.S. Dollars |
|
Percent
Increase (Decrease) Local Currency |
|
Percent of Total Net Revenues
for the Three Months Ended May 31, |
||||||||||||
|
|
2013
|
|
2012
|
|
|
|
2013
|
|
2012
|
||||||||||
|
|
(in millions of U.S. dollars)
|
|
|
|
|
|
|
|
|
||||||||||
|
OPERATING GROUPS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Communications, Media & Technology
|
$
|
1,426
|
|
|
$
|
1,505
|
|
|
(5
|
)%
|
|
(3
|
)%
|
|
20
|
%
|
|
21
|
%
|
|
Financial Services
|
1,574
|
|
|
1,502
|
|
|
5
|
|
|
8
|
|
|
22
|
|
|
21
|
|
||
|
Health & Public Service
|
1,191
|
|
|
1,088
|
|
|
9
|
|
|
11
|
|
|
16
|
|
|
15
|
|
||
|
Products
|
1,725
|
|
|
1,702
|
|
|
1
|
|
|
4
|
|
|
24
|
|
|
24
|
|
||
|
Resources
|
1,279
|
|
|
1,352
|
|
|
(5
|
)
|
|
(3
|
)
|
|
18
|
|
|
19
|
|
||
|
Other
|
3
|
|
|
5
|
|
|
n/m
|
|
|
n/m
|
|
|
—
|
|
|
—
|
|
||
|
TOTAL NET REVENUES
|
7,198
|
|
|
7,155
|
|
|
1
|
%
|
|
3
|
%
|
|
100
|
%
|
|
100
|
%
|
||
|
Reimbursements
|
510
|
|
|
486
|
|
|
5
|
|
|
|
|
|
|
|
|||||
|
TOTAL REVENUES
|
$
|
7,708
|
|
|
$
|
7,641
|
|
|
1
|
%
|
|
|
|
|
|
|
|||
|
GEOGRAPHIC REGIONS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Americas
|
$
|
3,444
|
|
|
$
|
3,227
|
|
|
7
|
%
|
|
8
|
%
|
|
48
|
%
|
|
45
|
%
|
|
EMEA (1)
|
2,778
|
|
|
2,907
|
|
|
(4
|
)
|
|
(1
|
)
|
|
39
|
|
|
41
|
|
||
|
Asia Pacific
|
975
|
|
|
1,021
|
|
|
(5
|
)
|
|
—
|
|
|
13
|
|
|
14
|
|
||
|
TOTAL NET REVENUES
|
$
|
7,198
|
|
|
$
|
7,155
|
|
|
1
|
%
|
|
3
|
%
|
|
100
|
%
|
|
100
|
%
|
|
TYPE OF WORK
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Consulting
|
$
|
3,867
|
|
|
$
|
3,965
|
|
|
(2
|
)%
|
|
—
|
%
|
|
54
|
%
|
|
55
|
%
|
|
Outsourcing
|
3,331
|
|
|
3,189
|
|
|
4
|
|
|
7
|
|
|
46
|
|
|
45
|
|
||
|
TOTAL NET REVENUES
|
$
|
7,198
|
|
|
$
|
7,155
|
|
|
1
|
%
|
|
3
|
%
|
|
100
|
%
|
|
100
|
%
|
|
(1)
|
EMEA includes Europe, the Middle East and Africa.
|
|
(2)
|
Amounts in table may not total due to rounding.
|
|
•
|
Communications, Media & Technology net revenues decreased
3%
in local currency. Outsourcing revenues declined modestly, due to a significant decline in Electronics & High Tech in EMEA, principally due to an expected year-over-year revenue decline from one contract. The revenue decline on this contract is expected to continue to impact outsourcing revenue growth in the near term. In addition, outsourcing revenues decreased in Electronics & High Tech in Asia Pacific. These declines were partially offset by strong growth in Americas across all industry groups. Consulting revenues declined slightly, due to Media & Entertainment and Communications in Americas and Electronics & High Tech in Asia Pacific and EMEA. These declines were partially offset by strong growth in Communications in EMEA and Electronics & High Tech in Americas. Some of our clients continued to reduce and/or defer their investment in consulting, which had a negative impact on our consulting revenues during the third quarter of fiscal 2013. We expect these trends will continue to impact our net revenue growth in the near term.
|
|
•
|
Financial Services net revenues increased
8%
in local currency. Outsourcing revenues reflected very strong growth, driven by all industry groups in Americas and Banking in EMEA. Consulting revenues reflected slight growth, driven by growth in Insurance in Asia Pacific and Americas and Capital Markets in EMEA. These increases were partially offset by declines in Insurance in EMEA and Banking in EMEA and Americas. Changes in the banking and capital markets industries continue to influence the business needs of our clients. This is resulting in higher current demand for outsourcing services, including transformational projects, and lower demand for short-term consulting services.
|
|
•
|
Health & Public Service net revenues increased
11%
in local currency. Consulting revenues reflected strong growth, led by Public Service in Americas and Asia Pacific and Health in Americas and EMEA. This growth was partially offset by declines in Public Service in EMEA and Health in Asia Pacific. Outsourcing revenues also reflected strong growth, led by Health in Americas and Asia Pacific, and Public Service in Americas.
|
|
•
|
Products net revenues increased
4%
in local currency. Outsourcing revenues reflected strong growth, driven by growth across all geographic regions and industry groups, led by Life Sciences, Retail and Industrial Equipment. Consulting revenues reflected a modest decline, due to declines in Americas in Consumer Goods & Services and Retail, Asia Pacific across most industry groups and EMEA in Retail. These decreases were partially offset by growth in EMEA in Consumer Goods & Services and Life Sciences, and Americas in Industrial Equipment. Some of our clients are reducing and/or deferring their level of consulting investments, particularly short-term projects. This had a higher than expected negative impact on our consulting revenues during the third quarter of fiscal 2013. In addition, several large systems integration projects have ended or have transitioned to smaller phases. We expect to continue to experience higher demand for outsourcing services, including transformational projects, and a lower demand for short-term consulting services in the near term.
|
|
•
|
Resources net revenues decreased
3%
in local currency. Outsourcing revenues were flat, as growth in Utilities and Energy in Asia Pacific and all industry groups in EMEA, was offset by declines in all industry groups in Americas. Consulting revenues reflected a modest decline, as significant growth in Chemicals in Americas was more than offset by declines in Natural Resources in Asia Pacific and Americas, Utilities in EMEA and Energy in Americas. Some of our clients, primarily in Natural Resources and Utilities, reduced their level of consulting investments and demand for our outsourcing services continued to moderate. These trends had a higher than expected negative impact on our revenues during the third quarter of fiscal 2013, particularly in Brazil. In addition, several large systems integration projects have ended or have transitioned to smaller phases. We expect Resources year-over-year net revenue growth to continue to decline slightly in the near term.
|
|
•
|
Americas net revenues increased
8%
in local currency, driven by growth in the United States, partially offset by a decline in Brazil.
|
|
•
|
EMEA net revenues decreased
1%
in local currency. We experienced a significant decline in Finland, principally due to an expected year-over-year decline from one contract in Communications, Media & Technology, as well as declines in Spain, Sweden and Norway. These declines were partially offset by growth in most countries across the remainder of the region, led by Switzerland, the Netherlands, the United Kingdom, Germany, South Africa and Italy.
|
|
•
|
Asia Pacific net revenues were flat in local currency, as growth in China and India was offset by declines in Australia and Japan.
|
|
|
Three Months Ended May 31,
|
||||||||||||
|
|
2013
|
|
2012
|
||||||||||
|
|
Operating
Income |
|
Operating
Margin |
|
Operating
Income |
|
Operating
Margin |
||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||
|
Communications, Media & Technology
|
$
|
213
|
|
|
15
|
%
|
|
$
|
233
|
|
|
15
|
%
|
|
Financial Services
|
276
|
|
|
18
|
|
|
216
|
|
|
14
|
|
||
|
Health & Public Service
|
168
|
|
|
14
|
|
|
116
|
|
|
11
|
|
||
|
Products
|
264
|
|
|
15
|
|
|
242
|
|
|
14
|
|
||
|
Resources
|
221
|
|
|
17
|
|
|
255
|
|
|
19
|
|
||
|
Total
|
$
|
1,142
|
|
|
15.9
|
%
|
|
$
|
1,061
|
|
|
14.8
|
%
|
|
(1)
|
Amounts in table may not total due to rounding.
|
|
|
Three Months Ended May 31,
|
|
|
||||||||||||||||||||||
|
|
2013
|
|
2012
|
|
|
||||||||||||||||||||
|
|
|
|
Operating Income and Operating Margin
Excluding Reorganization Benefits (Non-GAAP) |
|
Operating Income and Operating Margin as Reported (GAAP)
|
|
|
||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||||
|
|
Operating
Income (GAAP) |
|
Reorganization
Benefits (1) |
|
Operating
Income (2) |
|
Operating
Margin (2) |
|
Operating
Income |
|
Operating
Margin |
|
Increase
(Decrease) |
||||||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||||||||||
|
Communications, Media & Technology
|
$
|
213
|
|
|
$
|
10
|
|
|
$
|
204
|
|
|
14
|
%
|
|
$
|
233
|
|
|
15
|
%
|
|
$
|
(29
|
)
|
|
Financial Services
|
276
|
|
|
11
|
|
|
265
|
|
|
17
|
|
|
216
|
|
|
14
|
|
|
49
|
|
|||||
|
Health & Public Service
|
168
|
|
|
9
|
|
|
159
|
|
|
13
|
|
|
116
|
|
|
11
|
|
|
43
|
|
|||||
|
Products
|
264
|
|
|
12
|
|
|
252
|
|
|
15
|
|
|
242
|
|
|
14
|
|
|
11
|
|
|||||
|
Resources
|
221
|
|
|
9
|
|
|
212
|
|
|
17
|
|
|
255
|
|
|
19
|
|
|
(42
|
)
|
|||||
|
Total
|
$
|
1,142
|
|
|
$
|
50
|
|
|
$
|
1,092
|
|
|
15.2
|
%
|
|
$
|
1,061
|
|
|
14.8
|
%
|
|
$
|
32
|
|
|
(1)
|
Represents reorganization benefits related to final determinations of certain reorganization liabilities established in connection with our transition to a corporate structure during 2001.
|
|
(2)
|
We have presented Operating income and operating margin excluding reorganization benefits, as we believe the effect of the reorganization benefits on Operating income and operating margin facilitates understanding as to both the impact of these benefits and our operating performance.
|
|
(3)
|
Amounts in table may not total due to rounding.
|
|
•
|
Communications, Media & Technology operating income decreased, primarily due to a decline in revenues, including an expected significant year-over-year decline from one outsourcing contract, and higher sales and marketing costs as a percentage of net revenues.
|
|
•
|
Financial Services operating income increased, primarily due to strong outsourcing revenue growth and improved consulting contract profitability. Operating income for the
third quarter of fiscal 2012
included the impact of costs related to acquisitions.
|
|
•
|
Health & Public Service operating income increased, primarily due to revenue growth and improved outsourcing contract profitability.
|
|
•
|
Products operating income increased, primarily due to strong outsourcing revenue growth and improved outsourcing contract profitability, partially offset by a decline in consulting revenues and higher sales and marketing costs as a percentage of net revenues.
|
|
•
|
Resources operating income decreased, primarily due to a decline in consulting revenue and higher sales and marketing costs as a percentage of net revenues.
|
|
|
Nine Months Ended May 31,
|
|
Percent
Increase (Decrease) U.S. Dollars |
|
Percent
Increase (Decrease) Local Currency |
|
Percent of Total Net Revenues
for the Nine Months Ended May 31, |
||||||||||||
|
|
2013
|
|
2012
|
|
|
|
2013
|
|
2012
|
||||||||||
|
|
(in millions of U.S. dollars)
|
|
|
|
|
|
|
|
|
||||||||||
|
OPERATING GROUPS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Communications, Media & Technology
|
$
|
4,296
|
|
|
$
|
4,522
|
|
|
(5
|
)%
|
|
(3
|
)%
|
|
20
|
%
|
|
21
|
%
|
|
Financial Services
|
4,646
|
|
|
4,363
|
|
|
6
|
|
|
9
|
|
|
22
|
|
|
21
|
|
||
|
Health & Public Service
|
3,558
|
|
|
3,199
|
|
|
11
|
|
|
12
|
|
|
16
|
|
|
15
|
|
||
|
Products
|
5,104
|
|
|
4,956
|
|
|
3
|
|
|
5
|
|
|
24
|
|
|
24
|
|
||
|
Resources
|
3,853
|
|
|
3,972
|
|
|
(3
|
)
|
|
(1
|
)
|
|
18
|
|
|
19
|
|
||
|
Other
|
19
|
|
|
15
|
|
|
n/m
|
|
|
n/m
|
|
|
—
|
|
|
—
|
|
||
|
TOTAL NET REVENUES
|
21,476
|
|
|
21,026
|
|
|
2
|
%
|
|
4
|
%
|
|
100
|
%
|
|
100
|
%
|
||
|
Reimbursements
|
1,393
|
|
|
1,463
|
|
|
(5
|
)
|
|
|
|
|
|
|
|||||
|
TOTAL REVENUES
|
$
|
22,869
|
|
|
$
|
22,490
|
|
|
2
|
%
|
|
|
|
|
|
|
|||
|
GEOGRAPHIC REGIONS
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Americas
|
$
|
10,057
|
|
|
$
|
9,329
|
|
|
8
|
%
|
|
9
|
%
|
|
47
|
%
|
|
44
|
%
|
|
EMEA
|
8,404
|
|
|
8,713
|
|
|
(4
|
)
|
|
(1
|
)
|
|
39
|
|
|
42
|
|
||
|
Asia Pacific
|
3,015
|
|
|
2,984
|
|
|
1
|
|
|
4
|
|
|
14
|
|
|
14
|
|
||
|
TOTAL NET REVENUES
|
$
|
21,476
|
|
|
$
|
21,026
|
|
|
2
|
%
|
|
4
|
%
|
|
100
|
%
|
|
100
|
%
|
|
TYPE OF WORK
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Consulting
|
$
|
11,580
|
|
|
$
|
11,824
|
|
|
(2
|
)%
|
|
—
|
%
|
|
54
|
%
|
|
56
|
%
|
|
Outsourcing
|
9,896
|
|
|
9,202
|
|
|
8
|
|
|
10
|
|
|
46
|
|
|
44
|
|
||
|
TOTAL NET REVENUES
|
$
|
21,476
|
|
|
$
|
21,026
|
|
|
2
|
%
|
|
4
|
%
|
|
100
|
%
|
|
100
|
%
|
|
(1)
|
Amounts in table may not total due to rounding.
|
|
•
|
Communications, Media & Technology net revenues decreased
3%
in local currency. Outsourcing revenues reflected slight growth, driven by growth in Americas across all industry groups and Media & Entertainment in EMEA, partially offset by a significant decline in Electronics & High Tech in EMEA, principally due to an expected year-over-year revenue decline from one contract. The revenue decline on this contract is expected to continue to impact outsourcing revenue growth in the near term. In addition, outsourcing revenue growth was impacted by a decline in Electronics & High Tech in Asia Pacific. Consulting revenues decreased, due to declines in Communications and Media & Entertainment in Americas and Electronics & High Tech in EMEA and Asia Pacific, partially offset by strong growth in Electronics & High Tech in Americas. Some of our clients continued to reduce and/or defer their investment in consulting, which had a negative impact on our consulting revenues during the nine months ended May 31, 2013. We expect these trends will continue to impact our net revenue growth in the near term.
|
|
•
|
Financial Services net revenues increased
9%
in local currency. Outsourcing revenues reflected very strong growth, driven by all industry groups in Americas and Banking in EMEA, including the impact of an acquisition in Banking during fiscal 2012. Consulting revenues reflected slight growth, with significant growth in Insurance in Americas, all industry groups in Asia Pacific and Capital Markets in EMEA. These increases were partially offset by declines in Banking in EMEA and Americas and Insurance in EMEA. Changes in the banking and capital markets industries continue to influence the business needs of our clients. This is resulting in higher current demand for outsourcing services, including transformational projects, and lower demand for short-term consulting services.
|
|
•
|
Health & Public Service net revenues increased
12%
in local currency. Consulting revenues reflected strong growth, led by Public Service in Asia Pacific and Americas and Health in Americas and EMEA. This growth was partially offset by a decline in Public Service in EMEA and Health in Asia Pacific. Outsourcing revenues also reflected strong growth, led by Health in Americas and Asia Pacific, and Public Service in Americas.
|
|
•
|
Products net revenues increased
5%
in local currency. Outsourcing revenues reflected very strong growth, driven by growth across all geographic regions and industry groups, led by Retail, Life Sciences and Industrial Equipment. Consulting revenues reflected a slight decline, due to declines in Asia Pacific across most industry groups, EMEA and Americas in Retail, and Americas in Consumer Goods & Services. These decreases were partially offset by growth in EMEA and Americas in Life Sciences and Americas in Industrial Equipment. Some of our clients are reducing and/or deferring their level of consulting investments, particularly short-term projects. In addition, several large systems integration projects have ended or have transitioned to smaller phases. We expect to continue to experience higher demand for outsourcing services, including transformational projects, and a lower demand for short-term consulting services in the near term.
|
|
•
|
Resources net revenues decreased
1%
in local currency. Outsourcing revenues reflected modest growth, driven by all industry groups in EMEA and Utilities in Asia Pacific, partially offset by a decline in Utilities in Americas. Consulting revenues reflected a modest decline, as growth in Chemicals in Americas and Natural Resources in EMEA were more than offset by declines in Natural Resources in Americas and Asia Pacific, Utilities in EMEA and Energy in Americas. Some of our clients, primarily in Natural Resources and Utilities, reduced their level of consulting investments. In addition, several large systems integration projects have ended or have transitioned to smaller phases and demand for our outsourcing services has moderated. We expect Resources year-over-year net revenue growth to continue to decline slightly in the near term.
|
|
•
|
Americas net revenues increased
9%
in local currency, driven by growth in the United States.
|
|
•
|
EMEA net revenues decreased
1%
in local currency. We experienced a significant decline in Finland, principally due to an expected year-over-year decline from one contract in Communications, Media & Technology, as well as declines in Spain and Sweden. These declines were partially offset by growth in South Africa, Germany, Switzerland, the Netherlands, Ireland and Italy.
|
|
•
|
Asia Pacific net revenues increased
4%
in local currency, driven by growth in China, Australia, India and Singapore, partially offset by declines in Japan, Malaysia and South Korea.
|
|
|
Nine Months Ended May 31,
|
||||||||||||
|
|
2013
|
|
2012
|
||||||||||
|
|
Operating
Income |
|
Operating
Margin |
|
Operating
Income |
|
Operating
Margin |
||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||
|
Communications, Media & Technology
|
$
|
622
|
|
|
14
|
%
|
|
$
|
664
|
|
|
15
|
%
|
|
Financial Services
|
761
|
|
|
16
|
|
|
574
|
|
|
13
|
|
||
|
Health & Public Service
|
499
|
|
|
14
|
|
|
328
|
|
|
10
|
|
||
|
Products
|
764
|
|
|
15
|
|
|
645
|
|
|
13
|
|
||
|
Resources
|
709
|
|
|
18
|
|
|
720
|
|
|
18
|
|
||
|
Total
|
$
|
3,355
|
|
|
15.6
|
%
|
|
$
|
2,931
|
|
|
13.9
|
%
|
|
|
Nine Months Ended May 31,
|
|
|
||||||||||||||||||||||
|
|
2013
|
|
2012
|
|
|
||||||||||||||||||||
|
|
|
|
Operating Income and Operating Margin
Excluding Reorganization Benefits (Non-GAAP) |
|
Operating Income and Operating Margin as Reported (GAAP)
|
|
|
||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||||
|
|
Operating
Income (GAAP) |
|
Reorganization
Benefits (1) |
|
Operating
Income (2) |
|
Operating
Margin (2) |
|
Operating
Income |
|
Operating
Margin |
|
Increase
(Decrease) |
||||||||||||
|
|
(in millions of U.S. dollars)
|
||||||||||||||||||||||||
|
Communications, Media & Technology
|
$
|
622
|
|
|
$
|
53
|
|
|
$
|
569
|
|
|
13
|
%
|
|
$
|
664
|
|
|
15
|
%
|
|
$
|
(95
|
)
|
|
Financial Services
|
761
|
|
|
59
|
|
|
702
|
|
|
15
|
|
|
574
|
|
|
13
|
|
|
128
|
|
|||||
|
Health & Public Service
|
499
|
|
|
48
|
|
|
451
|
|
|
13
|
|
|
328
|
|
|
10
|
|
|
123
|
|
|||||
|
Products
|
764
|
|
|
65
|
|
|
699
|
|
|
14
|
|
|
645
|
|
|
13
|
|
|
55
|
|
|||||
|
Resources
|
709
|
|
|
49
|
|
|
660
|
|
|
17
|
|
|
720
|
|
|
18
|
|
|
(60
|
)
|
|||||
|
Total
|
$
|
3,355
|
|
|
$
|
274
|
|
|
$
|
3,081
|
|
|
14.3
|
%
|
|
$
|
2,931
|
|
|
13.9
|
%
|
|
$
|
150
|
|
|
(1)
|
Represents reorganization benefits related to final determinations of certain reorganization liabilities established in connection with our transition to a corporate structure during 2001.
|
|
(2)
|
We have presented Operating income and operating margin excluding reorganization benefits, as we believe the effect of the reorganization benefits on Operating income and operating margin facilitates understanding as to both the impact of these benefits and our operating performance.
|
|
(3)
|
Amounts in table may not total due to rounding.
|
|
•
|
Communications, Media & Technology operating income decreased, primarily due to a decline in consulting revenue and higher sales and marketing costs as a percentage of net revenues, partially offset by improved outsourcing contract profitability. Operating income was also impacted by an expected significant year-over-year revenue decline from one outsourcing contract.
|
|
•
|
Financial Services operating income increased, primarily due to strong outsourcing revenue growth and improved outsourcing and consulting contract profitability. Operating income for the nine months ended May 31, 2012 included the impact of costs related to acquisitions.
|
|
•
|
Health & Public Service operating income increased, primarily due to revenue growth and improved outsourcing contract profitability.
|
|
•
|
Products operating income increased, primarily due to strong outsourcing revenue growth and improved outsourcing and consulting contract profitability, partially offset by a decline in consulting revenues.
|
|
•
|
Resources operating income decreased, primarily due to a decline in consulting revenue and higher sales and marketing costs as a percentage of net revenues.
|
|
•
|
facilitate purchases, redemptions and exchanges of shares and pay dividends;
|
|
•
|
acquire complementary businesses or technologies;
|
|
•
|
take advantage of opportunities, including more rapid expansion; or
|
|
•
|
develop new services and solutions.
|
|
|
Nine Months Ended May 31,
|
|
|
||||||||
|
|
2013
|
|
2012
|
|
Change
|
||||||
|
|
(in millions of U.S. dollars)
|
||||||||||
|
Net cash provided by (used in):
|
|
|
|
|
|
||||||
|
Operating activities
|
$
|
2,028
|
|
|
$
|
2,549
|
|
|
$
|
(521
|
)
|
|
Investing activities
|
(624
|
)
|
|
(423
|
)
|
|
(201
|
)
|
|||
|
Financing activities
|
(2,042
|
)
|
|
(1,916
|
)
|
|
(126
|
)
|
|||
|
Effect of exchange rate changes on cash and cash equivalents
|
(64
|
)
|
|
(282
|
)
|
|
218
|
|
|||
|
Net decrease in cash and cash equivalents
|
$
|
(702
|
)
|
|
$
|
(72
|
)
|
|
$
|
(630
|
)
|
|
|
Facility
Amount |
|
Borrowings
Under Facilities |
||||
|
|
(in millions of U.S. dollars)
|
||||||
|
Syndicated loan facility
|
$
|
1,000
|
|
|
$
|
—
|
|
|
Separate, uncommitted, unsecured multicurrency revolving credit facilities
|
511
|
|
|
—
|
|
||
|
Local guaranteed and non-guaranteed lines of credit
|
130
|
|
|
—
|
|
||
|
Total
|
$
|
1,641
|
|
|
$
|
—
|
|
|
|
Accenture plc Class A
Ordinary Shares |
|
Accenture SCA Class I
Common Shares and Accenture Canada Holdings Inc. Exchangeable Shares |
||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
||||||
|
|
(in millions of U.S. dollars, except share amounts)
|
||||||||||||
|
Open-market share purchases (1)
|
13,275,555
|
|
|
$
|
993
|
|
|
—
|
|
|
$
|
—
|
|
|
Other share purchase programs
|
—
|
|
|
—
|
|
|
2,863,687
|
|
|
204
|
|
||
|
Other purchases (2)
|
3,705,389
|
|
|
251
|
|
|
—
|
|
|
—
|
|
||
|
Total
|
16,980,944
|
|
|
$
|
1,244
|
|
|
2,863,687
|
|
|
$
|
204
|
|
|
(1)
|
We conduct a publicly announced, open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees.
|
|
(2)
|
During the
nine months ended May 31, 2013
, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.
|
|
Period
|
|
Total Number
of Shares Purchased |
|
Average
Price Paid per Share (1) |
|
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs (2) |
|
Approximate Dollar Value
of Shares that May Yet Be Purchased Under the Plans or Programs (3) |
||||||
|
|
|
|
|
|
|
|
|
|
(in millions of U.S. dollars)
|
|||||
|
March 1, 2013 — March 31, 2013
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
17,902
|
|
|
$
|
74.29
|
|
|
—
|
|
|
$
|
3,589
|
|
|
Class X ordinary shares
|
|
—
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
—
|
|
|
|
April 1, 2013 — April 30, 2013
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
2,821,235
|
|
|
$
|
77.17
|
|
|
2,808,200
|
|
|
$
|
3,341
|
|
|
Class X ordinary shares
|
|
558,444
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
—
|
|
|
|
May 1, 2013 — May 31, 2013
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares
|
|
4,433,441
|
|
|
$
|
81.24
|
|
|
4,325,463
|
|
|
$
|
2,982
|
|
|
Class X ordinary shares
|
|
452,971
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
—
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
||||||
|
Class A ordinary shares (4)
|
|
7,272,578
|
|
|
$
|
79.64
|
|
|
7,133,663
|
|
|
|
||
|
Class X ordinary shares (5)
|
|
1,011,415
|
|
|
$
|
0.0000225
|
|
|
—
|
|
|
|
||
|
(1)
|
Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.
|
|
(2)
|
Since
August 2001
, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During the
third quarter of fiscal 2013
, we purchased
7,133,663
Accenture plc Class A ordinary shares under this program for an aggregate price of
$568 million
. The open-market purchase program does not have an expiration date.
|
|
(3)
|
As of
May 31, 2013
, our aggregate available authorization for share purchases and redemptions was
$2,982 million
, which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since
August 2001
and as of
May 31, 2013
, the Board of Directors of Accenture plc has authorized an aggregate of
$20.1 billion
for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares.
|
|
(4)
|
During the
third quarter of fiscal 2013
, Accenture purchased
138,915
Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.
|
|
(5)
|
During the
third quarter of fiscal 2013
, we redeemed
1,011,415
Accenture plc Class X ordinary shares pursuant to our articles of association. Accenture plc Class X ordinary shares are redeemable at their par value of
$0.0000225
per share.
|
|
Period
|
|
Total Number
of Shares Purchased (1) |
|
Average
Price Paid per Share (2) |
|
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs |
|
Approximate Dollar Value
of Shares that May Yet Be Purchased Under the Plans or Programs (3) |
|||||
|
Accenture SCA
|
|
|
|
|
|
|
|
|
|||||
|
March 1, 2013 — March 31, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
April 1, 2013 — April 30, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
348,713
|
|
|
$
|
77.28
|
|
|
—
|
|
|
—
|
|
|
May 1, 2013 — May 31, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
83,465
|
|
|
$
|
80.28
|
|
|
—
|
|
|
—
|
|
|
Total
|
|
|
|
|
|
|
|
|
|||||
|
Class I common shares
|
|
432,178
|
|
|
$
|
77.86
|
|
|
—
|
|
|
—
|
|
|
Accenture Canada Holdings Inc.
|
|
|
|
|
|
|
|
|
|||||
|
March 1, 2013 — March 31, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
April 1, 2013 — April 30, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
60,400
|
|
|
$
|
80.71
|
|
|
—
|
|
|
—
|
|
|
May 1, 2013 — May 31, 2013
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
|||||
|
Exchangeable shares
|
|
60,400
|
|
|
$
|
80.71
|
|
|
—
|
|
|
—
|
|
|
(1)
|
During the
third quarter of fiscal 2013
, we acquired a total of
432,178
Accenture SCA Class I common shares and
60,400
Accenture Canada Holdings Inc. exchangeable shares from current and former members of Accenture Leadership and their permitted transferees by means of purchase or redemption for cash, or employee forfeiture, as applicable. In addition, during the
third quarter of fiscal 2013
, we issued
459,009
Accenture plc Class A ordinary shares upon redemptions of an equivalent number of Accenture SCA Class I common shares pursuant to the registration statement.
|
|
(2)
|
Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.
|
|
(3)
|
As of
May 31, 2013
, our aggregate available authorization for share purchases and redemptions was
$2,982 million
, which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since
August 2001
and as of
May 31, 2013
, the Board of Directors of Accenture plc has authorized an aggregate of
$20.1 billion
for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares.
|
|
|
||
|
Exhibit
Number
|
|
Exhibit
|
|
3.1
|
|
Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 9, 2012)
|
|
|
|
|
|
10.1
|
|
Form of Articles of Association of Accenture SCA, updated as of November 15, 2010 (incorporated by reference to Exhibit 10.1 to the November 30, 2010 10-Q)
|
|
|
|
|
|
10.2
|
|
Employment Agreement between Accenture SAS and Pierre Nanterme dated as of June 26, 2013
|
|
|
|
|
|
31.1
|
|
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
31.2
|
|
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
32.1
|
|
Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
32.2
|
|
Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
101
|
|
The following financial information from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets as of February 28, 2013 (Unaudited) and August 31, 2012, (ii) Consolidated Income Statements (Unaudited) for the three and six months ended February 28, 2013 and February 29, 2012, (iii) Consolidated Statements of Comprehensive Income (Unaudited) for the three and six months ended February 28, 2013 and February 29, 2012, (iv) Consolidated Shareholders’ Equity Statement (Unaudited) for the six months ended February 28, 2013, (v) Consolidated Cash Flows Statements (Unaudited) for the six months ended February 28, 2013 and February 29, 2012 and (vi) the Notes to Consolidated Financial Statements (Unaudited)
|
|
|
ACCENTURE PLC
|
|
|
|
|
|
|
|
By:
|
/s/ Pamela J. Craig
|
|
|
Name:
|
Pamela J. Craig
|
|
|
Title:
|
Chief Financial Officer
|
|
|
|
(Principal Financial Officer and Authorized Signatory)
|
|
|
|
|
|
Exhibit
Number
|
|
Exhibit
|
|
3.1
|
|
Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 9, 2012)
|
|
|
|
|
|
10.1
|
|
Form of Articles of Association of Accenture SCA, updated as of November 15, 2010 (incorporated by reference to Exhibit 10.1 to the November 30, 2010 10-Q)
|
|
|
|
|
|
10.2
|
|
Employment Agreement between Accenture SAS and Pierre Nanterme dated as of June 26, 2013
|
|
|
|
|
|
31.1
|
|
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
31.2
|
|
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
32.1
|
|
Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
32.2
|
|
Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
101
|
|
The following financial information from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets as of February 28, 2013 (Unaudited) and August 31, 2012, (ii) Consolidated Income Statements (Unaudited) for the three and six months ended February 28, 2013 and February 29, 2012, (iii) Consolidated Statements of Comprehensive Income (Unaudited) for the three and six months ended February 28, 2013 and February 29, 2012, (iv) Consolidated Shareholders’ Equity Statement (Unaudited) for the six months ended February 28, 2013, (v) Consolidated Cash Flows Statements (Unaudited) for the six months ended February 28, 2013 and February 29, 2012 and (vi) the Notes to Consolidated Financial Statements (Unaudited)
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|