Accenture Reports First-Quarter Fiscal 2013 Results, With Record Quarterly Revenues and EPS

  Accenture Reports First-Quarter Fiscal 2013 Results, With Record Quarterly
  Revenues and EPS

     – Revenues increase 2% in U.S. dollars and 5% in local currency, to
                                $7.2billion –

                           – EPS up 10%, to $1.06 –

 – Operating income increases 7%, to $1.05 billion, with operating margin of
                                   14.5% –

– New bookings are $7.5billion, with consulting bookings of $4.2billion and
                    outsourcing bookings of $3.3billion –

   – Company raises outlook for full-year EPS to range of $4.24 to $4.32 –

Business Wire

NEW YORK -- December 19, 2012

Accenture (NYSE: ACN) reported financial results for the first quarter of
fiscal 2013, ended Nov. 30, 2012, with record net revenues of $7.2billion, an
increase of 2percent in U.S. dollars and 5 percent in local currency over the
same period last year. Diluted earnings per share were $1.06, an increase of
$0.10, or 10percent, over the same period last year.

Operating income was $1.05 billion, an increase of 7 percent over the same
period last year, and operating margin was 14.5percent, a year-over-year
expansion of more than 60 basis points.

New bookings for the quarter were $7.5 billion, with consulting bookings of
$4.2billion and outsourcing bookings of $3.3billion.

Pierre Nanterme, Accenture’s chief executive officer, said, “We are pleased
with our first-quarter results, in particular our ability to drive profitable
growth despite the continued volatility in the global economic environment.
Revenue growth, which included a strong 13 percent local-currency increase in
outsourcing, was in line with our expectations. We also delivered very good
profitability, reflecting our disciplined management of the business.

“Looking ahead, we remain focused on the successful execution of our growth
strategy and are investing to further differentiate our industry and
technology capabilities, as well as to expand our geographic footprint in key
growth markets. We are raising our business outlook for both EPS and operating
margin for the full fiscal year and remain well-positioned to continue
delivering value for our clients and shareholders.”

Financial Review

Revenues before reimbursements (“net revenues”) for the first quarter of
fiscal 2013 were $7.22billion, compared with $7.07billion for the first
quarter of fiscal 2012, an increase of 2percent in U.S. dollars and 5percent
in local currency and within the company’s guided range of $7.1billion to
$7.35billion. The foreign-exchange impact of approximately negative 3percent
was consistent with the assumption provided in the company’s fourth-quarter
earnings release.

  *Consulting net revenues for the quarter were $3.96billion, a decrease of
    3percent in U.S. dollars and flat in local currency compared with the
    first quarter of fiscal 2012.
  *Outsourcing net revenues were $3.26billion, an increase of 9percent in
    U.S. dollars and 13percent in local currency over the first quarter of
    fiscal 2012.

Diluted EPS for the quarter were $1.06, compared with $0.96 for the first
quarter last year. The $0.10 increase in EPS reflects:

  *$0.07from higher revenue and operating results, including the unfavorable
    impact of foreign exchange;
  *$0.02 from a lower effective tax rate; and
  *$0.02 from a lower share count;

partially offset by:

  *$0.01 from lower non-operating income.

Gross margin (gross profit as a percentage of net revenues) for the quarter
was 32.8 percent, compared with 31.8percent for the first quarter last year.
Selling, general and administrative (SG&A) expenses for the quarter were
$1.32billion, or 18.2 percent of net revenues, compared with $1.27billion,
or approximately 17.9percent of net revenues, for the first quarter last
year.

Operating income for the quarter increased 7 percent, to $1.05 billion, or
14.5percent of net revenues, compared with $981million, or 13.9percent of
net revenues, for the first quarter of fiscal 2012. The operating margin
expansion of more than 60 basis points reflects improvements in contract
profitability and overall cost management compared with the first quarter last
year.

The company’s effective tax rate for the quarter was 26.8percent, compared
with 28.3percent for the first quarter last year. The lower rate in the first
quarter of fiscal 2013 was primarily due to higher benefits related to final
determinations of prior-year tax liabilities.

Net income for the quarter was $766million, compared with $712million for
the first quarter last year, an 8 percent increase.

Operating cash flow for the quarter was negative $109million, and property
and equipment additions were $87million. Free cash flow, defined as operating
cash flow net of property and equipment additions, was negative $195million.
Operating cash flow and free cash flow for the first quarter of fiscal 2013
include a discretionary cash contribution of $500 million the company made to
its U.S. defined benefit pension plan, which had a net impact, after tax, of
$350 million. For the same period last year, operating cash flow was
$475million; property and equipment additions were $81million; and free cash
flow was $394million.

Days services outstanding, or DSOs, were 32 days at Nov. 30, 2012, compared
with 27 days at Aug. 31, 2012 and 32 days at Nov. 30, 2011.

Accenture’s total cash balance at Nov. 30, 2012 was $5.7billion, compared
with $6.6billion at Aug. 31, 2012.

Utilization for the quarter was 88percent, compared with 87percent for the
fourth quarter of fiscal 2012 and 87percent for the first quarter of fiscal
2012. Attrition for the first quarter of fiscal 2013 was 11percent, compared
with 12 percent for the fourth quarter of fiscal 2012 and 12percent for the
first quarter of fiscal 2012.

New Bookings

New bookings for the first quarter were $7.5billion and reflect a negative
2percent foreign-currency impact compared with new bookings in the first
quarter last year.

  *Consulting new bookings were $4.2billion, or 56percent of total new
    bookings.
  *Outsourcing new bookings were $3.3billion, or 44percent of total new
    bookings.

Net Revenues by Operating Group

Net revenues by operating group were as follows:

  *Communications, Media & Technology: $1.46billion, compared with
    $1.54billion for the first quarter of fiscal 2012, a decrease of
    5percent in U.S. dollars and 1percent in local currency.
  *Financial Services: $1.56billion, compared with $1.48billion for the
    first quarter of fiscal 2012, an increase of 5percent in U.S. dollars and
    9percent in local currency.
  *Health & Public Service: $1.17 billion, compared with $1.05billion for
    the first quarter of fiscal 2012, an increase of 11percent in U.S.
    dollars and 13percent in local currency.
  *Products: $1.70billion, compared with $1.67billion for the first quarter
    of fiscal 2012, an increase of 2percent in U.S. dollars and 5percent in
    local currency.
  *Resources: $1.32billion, compared with $1.33billion for the first
    quarter of fiscal 2012, flat in U.S. dollars and an increase of 3percent
    in local currency.

Net Revenues by Geographic Region

Net revenues by geographic region were as follows:

  *Americas: $3.33billion, compared with $3.07billion for the first quarter
    of fiscal 2012, an increase of 8percent in U.S. dollars and 10percent in
    local currency.
  *Europe, Middle East and Africa (EMEA): $2.82billion, compared with
    $3.01billion for the first quarter of fiscal 2012, a decrease of
    6percent in U.S. dollars and flat in local currency.
  *Asia Pacific: $1.06billion, compared with $991million for the first
    quarter of fiscal 2012, an increase of 7percent in U.S. dollars and
    8percent in local currency.

Returning Cash to Shareholders

Accenture continues to return cash to shareholders through cash dividends and
share repurchases.

Dividend

On  Nov. 15, 2012, a semi-annual cash dividend of $0.81 per share was paid to
Accenture plc Class A ordinary shareholders of record at the close of business
on Oct. 12, 2012 and to  Accenture SCA Class I common shareholders of record
at the close of business on Oct. 9, 2012. These cash dividend payments totaled
$560million. This dividend represents an increase of 13.5cents per share, or
20 percent, over the company’s previous semi-annual dividend, declared in
March.

Share Repurchase Activity

During the first quarter of fiscal 2013, Accenture repurchased or redeemed
3.3million shares for a total of $221million, including approximately
656,000 shares repurchased in the open market.

Accenture’s total remaining share repurchase authority at Nov. 30, 2012 was
approximately $4.05billion.

At Nov. 30, 2012, Accenture had approximately 693million total shares
outstanding, including 641million Accenture plc Class A ordinary shares and
52million Accenture SCA Class I common shares and Accenture Canada Holdings
Inc. exchangeable shares.

Business Outlook

Second Quarter Fiscal 2013

Accenture expects net revenues for the second quarter of fiscal 2013 to be in
the range of $6.9billion to $7.15billion. This range assumes a
foreign-exchange impact of negative1percent compared with the second quarter
of fiscal 2012.

Full Fiscal Year 2013

For fiscal 2013, the company continues to expect net revenue growth to be in
the range of 5percent to 8percent in local currency.

Accenture’s business outlook for the full 2013 fiscal year continues to assume
a foreign-exchange impact of negative1percent compared with fiscal 2012.

The company has raised its outlook for diluted EPS for fiscal 2013 to the
range of $4.24 to $4.32 from its previously guided range of $4.22 to $4.30.

Accenture has raised its outlook for operating margin for the full fiscal year
to the range of 14.1percent to 14.2percent, an expansion of 20 to 30 basis
points. The company’s previously guided range was 14.0 percent to 14.1
percent.

The company continues to expect operating cash flow to be in the range of
$3.2billion to $3.5billion; property and equipment additions to be
$420million; and free cash flow to be in the range of $2.8billion to
$3.1billion.

The company continues to expect to return at least $3.3billion to its
shareholders in fiscal 2013 through dividends and share repurchases.

The company continues to expect its annual effective tax rate to be in the
range of 26percent to 27percent.

Accenture continues to target new bookings for fiscal 2013 in the range of
$31billion to $34billion.

Conference Call and Webcast Details

Accenture will host a conference call at 4:30 p.m. EST today to discuss its
first-quarter fiscal 2013 financial results. To participate, please dial +1
(800) 230-1059 [+1 (612) 234-9959 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 www.accenture.com.

A replay of the conference call will be available online at www.accenture.com
beginning at 7:00p.m. EST today, Wednesday, Dec. 19, and continuing until
Thursday, March 28, 2013. A podcast of the conference call will be available
online at www.accenture.com beginning approximately 24 hours after the call
and continuing until Thursday, March 28, 2013. 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
271680 from 7:00p.m. EST Wednesday, Dec. 19 through Thursday, March 28, 2013.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 259,000 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$27.9 billion for the fiscal year ended
Aug. 31, 2012. Its home page is www.accenture.com.

Non-GAAP Financial Information

This news 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
the non-GAAP financial measures herein 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.
Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these forward-looking
statements. 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: the
company’s results of operations could be adversely affected by volatile,
negative or uncertain economic conditions and the effects of these conditions
on the company’s clients’ businesses and levels of business activity; the
company’s business depends on generating and maintaining ongoing, profitable
client demand for the company’s services and solutions, and a significant
reduction in such demand could materially affect the company’s results of
operations; if the company is unable to keep its supply of skills and
resources in balance with client demand around the world and attract and
retain professionals with strong leadership skills, the company’s business,
the utilization rate of the company’s professionals and the company’s results
of operations may be materially adversely affected; the markets in which the
company competes are highly competitive, and the company might not be able to
compete effectively; the company could have liability or the company’s
reputation could be damaged if the company fails to protect client and/or
company data or information systems as obligated by law or contract or if the
company’s information systems are breached; as a result of the company’s
geographically diverse operations and its growth strategy to continue
geographic expansion, the company is more susceptible to certain risks; the
company’s results of operations could be materially adversely affected by
fluctuations in foreign currency exchange rates; the company’s Global Delivery
Network is increasingly concentrated in India and the Philippines, which may
expose it to operational risks; the company’s results of operations could
materially suffer if the company is not able to obtain sufficient pricing to
enable it to meet its profitability expectations; if the company’s pricing
estimates do not accurately anticipate the cost, risk and complexity of the
company performing its work or third parties upon whom it relies do not meet
their commitments, then the company’s contracts could have delivery
inefficiencies and be unprofitable; the company’s work with government clients
exposes the company to additional risks inherent in the government contracting
environment; the company’s business could be materially adversely affected if
the company incurs legal liability in connection with providing its services
and solutions; the company’s results of operations and ability to grow could
be materially negatively affected if the company cannot adapt and expand its
services and solutions in response to ongoing changes in technology and
offerings by new entrants; the company’s alliance relationships may not be
successful or may change, which could adversely affect the company’s results
of operations; outsourcing services and the continued expansion of the
company’s other services and solutions into new areas subject the company to
different operational risks than its consulting and systems integration
services; the company’s services or solutions could infringe upon the
intellectual property rights of others or the company might lose its ability
to utilize the intellectual property of others; the company has only a limited
ability to protect its intellectual property rights, which are important to
the company’s success; the company’s ability to attract and retain business
and employees may depend on its reputation in the marketplace; the company
might not be successful at identifying, acquiring or integrating businesses or
entering into joint ventures; the company’s profitability could suffer if its
cost-management strategies are unsuccessful, and the company may not be able
to improve its profitability through improvements to cost-management to the
degree it has done in the past; many of the company’s contracts include
payments that link some of its fees to the attainment of performance or
business targets and/or require the company to meet specific service levels,
which could increase the variability of the company’s revenues and impact its
margins; changes in the company’s level of taxes, and audits, investigations
and tax proceedings, or changes in the company’s treatment as an Irish
company, could have a material adverse effect on the company’s results of
operations and financial condition; if the company is unable to manage the
organizational challenges associated with its size, the company might be
unable to achieve its business objectives; if the company is unable to collect
its receivables or unbilled services, the company’s results of operations,
financial condition and cash flows could be adversely affected; the company’s
share price and results of operations could fluctuate and be difficult to
predict; the company’s results of operations and share price could be
adversely affected if it is unable to maintain effective internal controls;
the company may be subject to criticism and negative publicity related to its
incorporation in Ireland; as well as the risks, uncertainties and other
factors discussed under the “Risk Factors” heading in Accenture plc’s 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 November 30,
                          2012                % of Net     2011                % of Net
                                              Revenues                         Revenues
REVENUES:
Revenues before
reimbursements            $ 7,219,961         100   %      $ 7,074,497         100   %
("Net revenues")
Reimbursements             448,075                        514,611     
Revenues                    7,668,036                        7,589,108
                                                                                     
OPERATING
EXPENSES:
Cost of services:
Cost of services
before                      4,853,768         67.2  %        4,822,957         68.2  %
reimbursable
expenses
Reimbursable               448,075                        514,611     
expenses
Cost of services            5,301,843                        5,337,568
Sales and                   868,202           12.0  %        837,477           11.8  %
marketing
General and
administrative              448,852           6.2   %        432,517           6.1   %
costs
Reorganization             465                            408         
costs, net
Total operating            6,619,362                      6,607,970   
expenses
                                                                                     
OPERATING INCOME            1,048,674         14.5  %        981,138           13.9  %
                                                                                     
Interest income             8,767                            10,512
Interest expense            (4,549      )                    (4,158      )
Other (expense)            (6,436      )                   5,535       
income, net
                                                                                     
INCOME BEFORE               1,046,456         14.5  %        993,027           14.0  %
INCOME TAXES
                                                                                     
Provision for              280,425                        281,270     
income taxes
                                                                                     
NET INCOME                  766,031           10.6  %        711,757           10.1  %
                                                                                     
Net income
attributable to
noncontrolling
interests
                            (58,955     )                    (61,956     )
in Accenture
SCA and Accenture
Canada Holdings
Inc.
Net income
attributable to
noncontrolling             (8,259      )                   (7,715      )
interests – other
(1)
                                                                                     
NET INCOME
ATTRIBUTABLE TO           $ 698,817          9.7   %      $ 642,086          9.1   %
ACCENTURE PLC
                                                                                     
CALCULATION OF
EARNINGS PER
SHARE:
Net income
attributable to           $ 698,817                        $ 642,086
Accenture plc
Net income
attributable to
noncontrolling
interests
                           58,955                         61,956      
in Accenture
SCA and Accenture
Canada Holdings
Inc. (2)
Net income for
diluted earnings          $ 757,772                       $ 704,042     
per share
calculation
                                                                                     
EARNINGS PER
SHARE:
- Basic                   $ 1.09                           $ 1.00
- Diluted (3)             $ 1.06                           $ 0.96
                                                                                     
WEIGHTED AVERAGE
SHARES:
- Basic                     639,659,238                      644,285,298
- Diluted (3)               716,368,102                      730,745,055
                                                                                     
Cash dividends            $ 0.81                           $ 0.675
per share
                                                                                     
_________________
(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 and earnings per
share amounts in fiscal 2012 have been

restated to reflect additional restricted share units issued to holders of restricted
share units in connection with the fiscal 2013

payment of cash dividends.
                                                                                     
                                                                                     

                                                                                    
                                                                                                    
ACCENTURE PLC
                                                                                                    
SUMMARY OF REVENUES
                                                                                                    
(In thousands of U.S. dollars)
(Unaudited)
                                                                                                    
                                                                                                    
                                                                                    Percent         Percent
                                                                                    Increase        Increase
                                                  Three Months Ended November       (Decrease)      (Decrease)
                                                  30,                               U.S.            Local
                                                  2012              2011            Dollars         Currency
OPERATING GROUPS
Communications, Media & Technology                $ 1,458,786       $ 1,535,186     (5     %)         (1      %)
Financial                                           1,562,942         1,483,839     5                 9
Services
Health & Public                                     1,174,710         1,054,302     11                13
Service
Products                                            1,698,543         1,669,553     2                 5
Resources                                           1,321,465         1,326,875     0                 3
Other                                              3,515           4,742         n/m               n/m
TOTAL Net                                           7,219,961         7,074,497     2      %          5       %
Revenues
Reimbursements                                     448,075         514,611       (13    )
TOTAL REVENUES                                    $ 7,668,036      $ 7,589,108     1      %
                                                                                                    
GEOGRAPHY
Americas                                          $ 3,333,120       $ 3,074,717     8      %          10      %
EMEA                                                2,824,896         3,008,528     (6     )          0
Asia Pacific                                       1,061,945       991,252       7                 8
TOTAL Net                                         $ 7,219,961      $ 7,074,497     2      %          5       %
Revenues
                                                                                                    
TYPE OF WORK
Consulting                                        $ 3,960,676       $ 4,083,424     (3     %)         0       %
Outsourcing                                        3,259,285       2,991,073     9                 13
TOTAL Net                                         $ 7,219,961      $ 7,074,497     2      %          5       %
Revenues
_________________
n/m = not
meaningful
                                                                                                    
OPERATING INCOME BY OPERATING GROUP (OG)
                                                                                                    
                                                                                                    
                                 Three Months Ended November 30,
                                 2012                               2011
                                 Operating        Operating         Operating       Operating       Increase
OPERATING GROUPS                                                                                    (Decrease)
                                 Income           Margin            Income          Margin
Communications, Media &          $ 183,048          13        %     $ 228,527       15     %        $ (45,479 )
Technology
Financial                          241,098          15                214,855       14                26,243
Services
Health & Public                    143,459          12                112,834       11                30,625
Service
Products                           235,692          14                218,775       13                16,917
Resources                         245,377          19               206,147       16               39,230  
Total                            $ 1,048,674        14.5      %     $ 981,138       13.9   %        $ 67,536  
                                                                                                              
                                                                                                              



ACCENTURE PLC
                                                        
CONSOLIDATED BALANCE SHEETS
                                                               
(In thousands of U.S. dollars)
                                                               
                                         November 30, 2012     August 31, 2012
                                         (Unaudited)
ASSETS
                                                               
CURRENT ASSETS:
Cash and cash equivalents                $    5,678,892        $   6,640,526
Short-term investments                        2,349                2,261
Receivables from clients, net                 3,501,506            3,080,877
Unbilled services, net                        1,487,964            1,399,834
Other current assets                         1,342,815           1,464,433
                                                               
Total current assets                         12,013,526          12,587,931
                                                               
NON-CURRENT ASSETS:
Unbilled services, net                        11,121               12,151
Investments                                   27,902               28,180
Property and equipment, net                   799,443              779,494
Other non-current assets                     3,556,028           3,257,659
                                                               
Total non-current assets                     4,394,494           4,077,484
                                                               
TOTAL ASSETS                             $    16,408,020       $   16,665,415
                                                               
LIABILITIES AND SHAREHOLDERS'
EQUITY
                                                               
CURRENT LIABILITIES:
Current portion of long-term             $    13               $   11
debt and bank borrowings
Accounts payable                              890,233              903,847
Deferred revenues                             2,127,658            2,275,052
Accrued payroll and related                   3,338,958            3,428,838
benefits
Other accrued liabilities                    1,620,497           1,501,457
                                                               
Total current liabilities                    7,977,359           8,109,205
                                                               
NON-CURRENT LIABILITIES:
Long-term debt                                19                   22
Other non-current liabilities                3,436,670           3,931,760
                                                               
Total non-current liabilities                3,436,689           3,931,782
                                                               
TOTAL ACCENTURE PLC                           4,506,633            4,145,833
SHAREHOLDERS' EQUITY
                                                               
NONCONTROLLING INTERESTS                     487,339             478,595
                                                               
TOTAL SHAREHOLDERS' EQUITY                    4,993,972            4,624,428
                                                              
TOTAL LIABILITIES AND                    $    16,408,020       $   16,665,415
SHAREHOLDERS' EQUITY
                                                                   
                                                                   

                                                        
                                                                 
ACCENTURE PLC
                                                                 
CONSOLIDATED CASH FLOWS STATEMENTS
                                                                 
(In thousands of U.S. dollars)
(Unaudited)
                                                                 
                                              Three Months Ended November 30,
                                              2012               2011
                                                                 
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income                                    $ 766,031          $ 711,757
Depreciation, amortization and                  139,924            132,625
asset impairments
Share-based compensation expense                114,170            100,558
Change in assets and                           (1,128,940 )      (469,682  )
liabilities/other, net
                                                                 
Net cash (used in) provided by                 (108,815   )      475,258   
operating activities
                                                                 
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchases of property and                       (86,547    )       (80,875   )
equipment
Purchases of businesses and                     (209,952   )       (160,055  )
investments, net of cash acquired
Other investing, net                           762              1,019     
                                                                 
Net cash used in investing                     (295,737   )      (239,911  )
activities
                                                                 
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from issuance of                       164,606            139,947
ordinary shares
Purchases of shares                             (220,831   )       (285,105  )
Cash dividends paid                             (560,135   )       (474,896  )
Other financing, net                           38,698           32,437    
                                                                 
Net cash used in financing                      (577,662   )       (587,617  )
activities
Effect of exchange rate changes                20,580           (256,902  )
on cash and cash equivalents
                                                                 
NET DECREASE IN CASH AND CASH                   (961,634   )       (609,172  )
EQUIVALENTS
                                                                 
CASH AND CASH EQUIVALENTS,                     6,640,526        5,701,078 
beginning of period
                                                                 
CASH AND CASH EQUIVALENTS, end of             $ 5,678,892       $ 5,091,906 
period
                                                                             
                                                                             

Contact:

Accenture
Roxanne Taylor, + 917-452-5106
roxanne.taylor@accenture.com