Accenture Reports Fourth-Quarter and Full-Year Fiscal 2002 Results.
Business Wire › October 10, 2002
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Accenture Reports Fourth-Quarter and Full-Year Fiscal 2002 Results.
Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 10, 2002 Accenture (NYSE: ACN) today reported results for the fourth quarter and the fiscal year ended August 31, 2002, which were in line with the analysts' consensus estimate for adjusted earnings per share and the company's previously stated expectations for revenues, and said that it generated over $1 billion in operating cash flow for the year. The company also confirmed its previous revenue and earnings guidance for fiscal year 2003. Fiscal Year 2002 Revenues before reimbursements ("net revenues") for the full fiscal year 2002 were $11.57 billion, an increase of 1 percent in U.S. dollars and 2 percent in local currency over the prior fiscal year. Excluding investment write-downs and a real estate consolidation charge of $111 million in the fourth quarter, diluted earnings per share were $0.91, compared with $0.85 on a pro forma basis, excluding a gain on investments, for fiscal year 2001. Diluted earnings per share for fiscal year 2002 were $0.56 on a GAAP basis. Because Accenture was not in its corporate structure during the first nine months of fiscal 2001, there is no comparable GA...See the full content of this document
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