Accenture PLC Class A ACN
Q2 2013 Earnings Call Transcript

Transcript Call Date 03/28/2013

Operator: Ladies and gentlemen, thank you for standing by and welcome to the Accenture's Second Quarter Fiscal 2013 Earnings Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. As a reminder, this conference is being recorded.

I would now like to turn the conference over to our host Ms. KC McClure, Managing Director of Investor Relations. Please go ahead.

KC McClure - MD, IR: Thank you, Caddie, and thanks everyone for joining us today on our second quarter fiscal 2013 earnings announcement. As Caddie just mentioned, I'm KC McClure, Managing Director of Investor Relations. With me today are Pierre Nanterme, our Chief Executive Officer; and Pamela Craig, our Chief Financial Officer.

We hope you've had an opportunity to review the news release we issued a short time ago. Let me quickly outline the agenda for today's call. Pierre will begin with an overview of our results. Pam will then take you through the financial details, including the income statement and balance sheet, along with some key operational metrics for the second quarter.

Pierre will then provide a brief update on our market positioning. Pam will then provide our business outlook for the third quarter and full fiscal year 2013, and then we will take your questions before Pierre provides a wrap-up at the end of the call.

As a reminder, when we discuss revenues during today's call, we're talking about revenues before reimbursements or net revenues. Some of the matters we'll discuss on this call are forward-looking, including the business outlook. You should keep in mind that these forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements and that such statements are not a guarantee of our future performance.

Such risks and uncertainties include, but are not limited to, general economic conditions and those factors set forth in today's news release and discussed under the Risk Factors sections of our Annual Report on Form 10-K and quarterly reports on Form 10-Q and other SEC filings.

During our call today, we will reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include reconciliations of those measures where appropriate to GAAP in our news release or in the Investor Relations section of our website at

As always, Accenture assumes no obligation to update the information presented on this conference call.

Now, let me turn the call over to Pierre.

Pierre Nanterme - Chairman and CEO: Thank you, KC and thanks everyone for joining us today. We are pleased with our results for the second quarter, which were in line with our expectations. We continue to drive profitable growth and are investing in differentiated services that are clearly originating with the needs of our clients.

Here are a few highlights. We delivered very strong new bookings of $9.1 billion including record consulting bookings of $4.4 billion. Revenues were $7.1 billion, up 4% in local currency, including strong local currency revenue growth in outsourcing of 10%. We were particularly pleased with our double-digit revenue growth in both Financial Services and Health & Public Service.

Read our Earnings Call Transcript disclaimer.
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