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 Accenture Reports Strong Fourth-Quarter and Full-Year Fiscal 2017 Results
   Thursday, September 28, 2017 6:59:00 AM ET

-- For full fiscal year, revenues increase 6% in U.S. dollars and 7% in local currency, to $34.9 billion; GAAP EPS of $5.44 include a $0.47 pension settlement charge; excluding this charge, EPS are $5.91, an 11% increase from adjusted EPS of $5.34 in fiscal 2016; free cash flow is $4.5 billion --

-- New bookings are $10.1 billion for fourth quarter and $37.4 billion for full year --

-- Company increases semi-annual cash dividend 10%, to $1.33 per share --

-- For fiscal year 2018, Accenture expects net revenue growth of 5% to 8% in local currency and GAAP EPS of $6.36 to $6.60 --

Accenture (ACN ) reported strong financial results for the fourth quarter and full fiscal year ended Aug. 31, 2017.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170928005313/en/

For the fourth quarter, net revenues were $9.1 billion, an increase of 8 percent in both U.S. dollars and local currency compared with the fourth quarter of fiscal 2016. GAAP diluted earnings per share were $1.48, compared with $1.68 for the fourth quarter last year, which included $0.37 from gains on the sale of businesses. Excluding these gains, diluted EPS for the fourth quarter last year were $1.31 on an adjusted basis. Operating margin for the fourth quarter of fiscal 2017 was 14.2 percent, an expansion of 10 basis points. Operating cash flow was $1.9 billion and free cash flow was $1.8 billion. New bookings were $10.1 billion.

For the full fiscal year, net revenues were $34.9 billion, an increase of 6 percent in U.S. dollars and 7 percent in local currency compared with fiscal 2016. GAAP diluted earnings per share were $5.44, compared with $6.45 in fiscal 2016. EPS for fiscal 2017 included a pension settlement charge of $0.47 per share; EPS for fiscal 2016 included gains on the sale of businesses totaling $1.11 per share. Excluding these items, diluted EPS for fiscal 2017 were $5.91, compared with $5.34 in fiscal 2016, on an adjusted basis. GAAP operating margin for fiscal 2017 was 13.3 percent. Excluding the impact of the pension settlement charge, operating margin was 14.8 percent on an adjusted basis, compared with 14.6 percent in fiscal 2016. Operating cash flow for fiscal 2017 was $5.0 billion and free cash flow was $4.5 billion. New bookings were $37.4 billion.

In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of $1.33 per share, an increase of $0.12 per share, or 10 percent, over its previous semi-annual dividend, declared in March.

Pierre Nanterme, Accenture’s chairman and CEO, said, "We are pleased with our excellent financial results for both the fourth quarter and the full fiscal year 2017. For the year, we again delivered profitable growth, with broad-based revenue growth of 7 percent in local currency, EPS growth of 11 percent on an adjusted basis and very strong free cash flow.

"Our durable performance over the last few years reflects the successful rotation of our business to high-growth areas such as digital, cloud and security services, which accounted for approximately 50 percent of total revenues in fiscal 2017. Our strategy is clearly differentiating Accenture in the marketplace, enabling us to gain significant market share. With our focused investments and disciplined management of the business, we are confident in our ability to continue delivering value for our clients and shareholders."

Financial Review

Fourth Quarter Fiscal 2017

Revenues before reimbursements ("net revenues") for the fourth quarter of fiscal 2017 were $9.15 billion, compared with $8.49 billion for the fourth quarter of fiscal 2016, an increase of 8 percent in both U.S. dollars and local currency. Net revenues for the quarter reflect a flat foreign-exchange impact, compared with the negative 0.5 percent impact we had previously assumed. Adjusting for the actual foreign-exchange impact, the company’s guided range for quarterly net revenues was approximately $8.90 billion to $9.15 billion. Accenture’s fourth quarter fiscal 2017 net revenues were at the top of this adjusted range.

-- Consulting net revenues were $4.93 billion, an increase of 7 percent in both U.S. dollars and local currency compared with the fourth quarter of fiscal 2016.

-- Outsourcing net revenues were $4.22 billion, an increase of 9 percent in U.S. dollars and 8 percent in local currency compared with the fourth quarter of fiscal 2016.

GAAP diluted EPS for the fourth quarter were $1.48, compared with $1.68 for the fourth quarter last year, which included gains on the sale of businesses of $295 million pre-tax, or $0.37 per share. Excluding these gains, EPS for the fourth quarter last year were $1.31 on an adjusted basis. The $0.17, or 13 percent, increase in EPS on an adjusted basis reflects:

-- an $0.11 increase from higher revenue and operating results;

-- a $0.03 increase from lower non-operating expense;

-- a $0.02 increase from a lower share count; and

-- a $0.01 increase from a lower effective tax rate.

Gross margin (gross profit as a percentage of net revenues) for the fourth quarter was 31.5 percent, compared with 31.3 percent for the fourth quarter of fiscal 2016. Selling, general and administrative (SG&A) expenses for the fourth quarter were $1.59 billion, or 17.4 percent of net revenues, compared with $1.46 billion, or 17.2 percent of net revenues, for the fourth quarter of fiscal 2016.

Operating income for the fourth quarter of fiscal 2017 was $1.30 billion, or 14.2 percent of net revenues, compared with $1.20 billion, or 14.1 percent of net revenues, for the fourth quarter of fiscal 2016. Operating margin for the fourth quarter of fiscal 2017 expanded 10 basis points.

The company’s effective tax rate for the fourth quarter was 23.9 percent, compared with 22.5 percent for the fourth quarter of fiscal 2016. Excluding the impact of the gains on the sale of businesses, the effective tax rate for the fourth quarter of fiscal 2016 was 24.3 percent on an adjusted basis.

Net income for the quarter was $983 million, compared with $1.13 billion for the fourth quarter last year. Excluding the $249 million after-tax impact of the gains on the sale of businesses, net income for the fourth quarter of fiscal 2016 was $881 million on an adjusted basis.

Operating cash flow for the fourth quarter was $1.94 billion, and property and equipment additions were $191 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $1.75 billion. For the same period of fiscal 2016, operating cash flow was $2.07 billion, property and equipment additions were $160 million, and free cash flow was $1.91 billion.

Days services outstanding, or DSOs, were 39 days at Aug. 31, 2017, compared with 39 days at Aug. 31, 2016.

Accenture’s total cash balance at Aug. 31, 2017 was $4.1 billion, compared with $4.9 billion at Aug. 31, 2016.

New Bookings

New bookings for the fourth quarter were $10.1 billion and reflect a positive 0.5 percent foreign-exchange impact compared with new bookings in the fourth quarter of fiscal 2016.

-- Consulting new bookings were $5.1 billion, or 50 percent of total new bookings.

-- Outsourcing new bookings were $5.0 billion, or 50 percent of total new bookings.

Net Revenues by Operating Group

Net revenues by operating group for the fourth quarter were as follows:

-- Communications, Media & Technology: $1.82 billion, compared with $1.70 billion for the fourth quarter of fiscal 2016, an increase of 7 percent in both U.S. dollars and local currency.

-- Financial Services: $1.95 billion, compared with $1.80 billion for the fourth quarter of fiscal 2016, an increase of 9 percent in both U.S. dollars and local currency.

-- Health & Public Service: $1.61 billion, compared with $1.54 billion for the fourth quarter of fiscal 2016, an increase of 5 percent in U.S. dollars and 4 percent in local currency.

-- Products: $2.49 billion, compared with $2.25 billion for the fourth quarter of fiscal 2016, an increase of 10 percent in both U.S. dollars and local currency.

-- Resources: $1.26 billion, compared with $1.20 billion for the fourth quarter of fiscal 2016, an increase of 5 percent in both U.S. dollars and local currency.

Net Revenues by Geographic Region

Net revenues by geographic region for the fourth quarter were as follows:

-- North America: $4.23 billion, compared with $4.08 billion for the fourth quarter of fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

-- Europe: $3.12 billion, compared with $2.83 billion for the fourth quarter of fiscal 2016, an increase of 10 percent in both U.S. dollars and local currency.

-- Growth Markets: $1.80 billion, compared with $1.57 billion for the fourth quarter of fiscal 2016, an increase of 14 percent in both U.S. dollars and local currency.

Full Year Fiscal 2017

Net revenues for the full 2017 fiscal year were $34.9 billion, compared with $32.9 billion for fiscal 2016, an increase of 6 percent in U.S. dollars and 7 percent in local currency. Net revenues for fiscal 2017 reflect a foreign-exchange impact of approximately negative 1 percent compared with fiscal 2016.

-- Consulting net revenues were $18.8 billion, an increase of 5 percent in U.S. dollars and 6 percent in local currency compared with fiscal 2016.

-- Outsourcing net revenues were $16.1 billion, an increase of 7 percent in U.S. dollars and 8 percent in local currency compared with fiscal 2016.

GAAP diluted EPS for the full 2017 fiscal year were $5.44, compared with $6.45 for fiscal 2016. In fiscal 2017, a pension settlement charge of $510 million pre-tax, had a negative $0.47 impact on EPS. In fiscal 2016, gains totaling $849 million pre-tax, on the sale of businesses had a positive $1.11 impact on EPS. Excluding these items, diluted EPS of $5.91 for fiscal 2017 increased $0.57, or 11 percent, from $5.34 for fiscal 2016 on an adjusted basis. The $0.57 increase in EPS on an adjusted basis reflects:

-- a $0.38 increase from higher revenue and operating results;

-- a $0.09 increase from a lower effective tax rate; and

-- a $0.06 increase from a lower share count; and

-- a $0.04 increase from lower non-operating expense.

Gross margin (gross profit as a percentage of net revenues) for fiscal 2017 was 31.7 percent, compared with 31.3 percent for fiscal 2016. Selling, general and administrative (SG&A) expenses for the full fiscal year were $5.89 billion, or 16.9 percent of net revenues, compared with $5.47 billion, or 16.6 percent of net revenues, for fiscal 2016.

GAAP operating income for the full fiscal year was $4.63 billion, or 13.3 percent of net revenues, compared with $4.81 billion, or 14.6 percent of net revenues, for fiscal 2016. Excluding the impact of the pension settlement charge, operating income for fiscal 2017 was $5.14 billion on an adjusted basis, or 14.8 percent of net revenues, an expansion of 20 basis points from fiscal 2016.

Accenture’s annual effective tax rate for fiscal 2017 was 21.3 percent, compared with 22.4 percent in fiscal 2016. Excluding the impact of the pension settlement charge in fiscal 2017, and the gains on the sale of businesses in fiscal 2016, the effective tax rates were 23.0 percent and 24.2 percent, respectively, on an adjusted basis.

Net income for the full fiscal year was $3.63 billion, compared with $4.35 billion for fiscal 2016. Excluding the $312 million after-tax impact of the pension settlement charge in fiscal 2017, and the $745 million after-tax impact of the gains on the sale of businesses in fiscal 2016, net income was $3.95 billion and $3.60 billion, respectively, on an adjusted basis.

For the full 2017 fiscal year, operating cash flow was $4.97 billion and property and equipment additions were $516 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $4.46 billion. For fiscal 2016, operating cash flow was $4.67 billion, property and equipment additions were $497 million, and free cash flow was $4.17 billion.

New Bookings

New bookings for the full fiscal year were $37.4 billion, an increase of 6 percent in both U.S. dollars and local currency over fiscal 2016.

-- Consulting new bookings were $19.8 billion, an increase of 3 percent in U.S. dollars and 4 percent in local currency compared with fiscal 2016. Consulting represented 53 percent of new bookings in fiscal 2017.

-- Outsourcing new bookings were $17.6 billion, an increase of 8 percent in U.S. dollars and 9 percent in local currency compared with fiscal 2016. Outsourcing represented 47 percent of new bookings in fiscal 2017.

Net Revenues by Operating Group

Net revenues by operating group for the full fiscal year were as follows:

-- Communications, Media & Technology: $6.88 billion, compared with $6.62 billion for fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

-- Financial Services: $7.39 billion, compared with $7.03 billion for fiscal 2016, an increase of 5 percent in U.S. dollars and 7 percent in local currency.

-- Health & Public Service: $6.18 billion, compared with $5.99 billion for fiscal 2016, an increase of 3 percent in both U.S. dollars and local currency.

-- Products: $9.50 billion, compared with $8.40 billion for fiscal 2016, an increase of 13 percent in U.S. dollars and 14 percent in local currency.

-- Resources: $4.85 billion, compared with $4.84 billion for fiscal 2016, flat in U.S. dollars and an increase of 1 percent in local currency.

Net Revenues by Geographic Region

Net revenues by geographic region for the full fiscal year were as follows:

-- North America: $16.29 billion, compared with $15.65 billion for fiscal 2016, an increase of 4 percent in both U.S. dollars and local currency.

-- Europe: $11.93 billion, compared with $11.45 billion for fiscal 2016, an increase of 4 percent in U.S. dollars and 8 percent in local currency.

-- Growth Markets: $6.63 billion, compared with $5.78 billion for fiscal 2016, an increase of 15 percent in U.S. dollars and 12 percent in local currency.

Rotation to "the New"

Net revenues from "the New" - digital-, cloud- and security-related services - were approximately $18 billion for fiscal 2017, an increase of about 30 percent over fiscal 2016. For the year, "the New" accounted for approximately 50 percent of total net revenues.

Returning Cash to Shareholders

Accenture continues to return cash to shareholders through cash dividends and share repurchases. In fiscal 2017, the company returned $4.22 billion to shareholders, including $1.57 billion in cash dividends and $2.65 billion in share repurchases.

Dividend

Accenture plc has declared a semi-annual cash dividend of $1.33 per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on Oct. 19, 2017, and Accenture Holdings plc will declare a semi-annual cash dividend of $1.33 per share on Accenture Holdings ordinary shares for shareholders of record at the close of business on Oct. 17, 2017. Both dividends are payable on Nov. 15, 2017. This represents an increase of $0.12 per share, or 10 percent, over the company’s previous semi-annual dividend, declared in March.

Share Repurchase Activity

During the fourth quarter of fiscal 2017, Accenture repurchased or redeemed 5.2 million shares, including 4.4 million shares repurchased in the open market, for a total of $657 million. During the full fiscal year 2017, Accenture repurchased or redeemed 22.1 million shares, including 18.0 million shares repurchased in the open market, for a total of $2.65 billion.

Accenture’s total remaining share repurchase authority at Aug. 31, 2017 was approximately $3.1 billion.

At Aug. 31, 2017, Accenture had approximately 643 million total shares outstanding, including 616 million Accenture plc Class A ordinary shares and minority holdings of 27 million shares (Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares).

Business Outlook

First Quarter Fiscal 2018

Accenture expects net revenues for the first quarter of fiscal 2018 to be in the range of $9.10 billion to $9.35 billion, 5 percent to 8 percent growth in local currency, reflecting the company’s assumption of a positive 2 percent foreign-exchange impact compared with the first quarter of fiscal 2017.

Fiscal Year 2018

Accenture’s business outlook for the full 2018 fiscal year assumes that the foreign-exchange impact on its results in U.S. dollars will be positive 3 percent compared with fiscal 2017.

For fiscal 2018, the company expects net revenue growth to be in the range of 5 percent to 8 percent in local currency. The company expects GAAP diluted EPS to be in the range of $6.36 to $6.60.

Accenture expects operating margin for the full fiscal year to be in the range of 14.9 percent to 15.1 percent, an expansion of 10 to 30 basis points from adjusted operating margin for fiscal 2017.

For fiscal 2018, the company expects operating cash flow to be in the range of $5.0 billion to $5.3 billion; property and equipment additions to be $600 million; and free cash flow to be in the range of $4.4 billion to $4.7 billion.

The company expects its annual effective tax rate to be in the range of 23 percent to 25 percent.

Conference Call and Webcast Details

Accenture will host a conference call at 8:00 a.m. EDT today to discuss its fourth-quarter financial results. To participate, please dial +1 (800) 288-8961 [+1 (612) 332-0718 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 10:30 a.m. EDT today, Sept. 28, and continuing until Thursday, Dec. 21, 2017. 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, Dec. 21, 2017. 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 428382 from 10:30 a.m. EDT today, Sept. 28, through Thursday, Dec. 21, 2017.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions - underpinned by the world’s largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 425,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Additional Information

Accenture discloses information about "the New" - digital-, cloud- and security-related services - to provide additional insights into the company’s business. Net revenues for "the New" are approximate, require judgment to allocate revenues for arrangements with multiple offerings and may be modified to reflect periodic changes to the definition of "the New."

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, including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment 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 from security breaches or cyberattacks; the company’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; 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; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; 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; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; 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; 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                                                                                                                                                                                        Year Ended
                                                                                                                             -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                     --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                    August 31,                           % of Net                          August 31,                           % of Net                                            August 31,                         % of Net                          August 31,                           % of Net
                                                                                                                                                       2017                                                 Revenues                                                2016                                                 Revenues                                               2017                                               Revenues                                                2016                                                 Revenues
                                                                                                                             ------------------------------------------------------                        --------                       ------------------------------------------------------                        --------                       ---------------------------------------------------                        --------                       ------------------------------------------------------                        --------
REVENUES:
                                                                                                                                                $      9,149,958                                            100 %                                            $      8,489,238                                            100 %                                            $  34,850,182                                            100 %                                            $     32,882,723                                            100 %
   Revenues before reimbursements ("Net revenues")
   Reimbursements                                                                                                                     490,948                                                                476,342                                                           1,915,296                                                              1,914,938  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
         Revenues                                                                                                                                      9,640,906                                                                                                    8,965,580                                                                                                36,765,478                                                                                                   34,797,661
OPERATING EXPENSES:
   Cost of services:
      Cost of services before reimbursable expenses                                                                                                    6,263,285                                           68.5 %                                                   5,833,698                                           68.7 %                                               23,819,690                                           68.3 %                                                  22,605,296                                           68.7 %
      Reimbursable expenses                                                                                                           490,948                                                                476,342                                                           1,915,296                                                              1,914,938  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
         Cost of services                                                                                                                              6,754,233                                                                                                    6,310,040                                                                                                25,734,986                                                                                                   24,520,234
   Sales and marketing                                                                                                                                 1,007,769                                           11.0 %                                                     940,544                                           11.1 %                                                3,754,313                                           10.8 %                                                   3,580,439                                           10.9 %
   General and administrative costs                                                                                                                      582,342                                            6.4 %                                                     519,798                                            6.1 %                                                2,133,777                                            6.1 %                                                   1,886,543                                            5.7 %
   Pension settlement charge                                                                                                   --                                                         --                                                             509,793                         1.5 %                           --  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
         Total operating expenses                                                                                                   8,344,344                                                              7,770,382                                                          32,132,869                                                             29,987,216  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
OPERATING INCOME                                                                                                                                       1,296,562                                           14.2 %                                                   1,195,198                                           14.1 %                                                4,632,609                                           13.3 %                                                   4,810,445                                           14.6 %
Interest income                                                                                                                                           12,366                                                                                                        8,952                                                                                                    37,940                                                                                                       30,484
Interest expense                                                                                                                                          (4,908 )                                                                                                     (3,952 )                                                                                                 (15,545 )                                                                                                    (16,258 )
Other (expense) income, net                                                                                                                              (15,874 )                                                                                                    (36,531 )                                                                                                 (38,720 )                                                                                                    (69,922 )
Gain (loss) on sale of businesses                                                                                                       3,855                                                                295,246                                                                (252 )                                                                                 848,823  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
INCOME BEFORE INCOME TAXES                                                                                                                             1,292,001                                           14.1 %                                                   1,458,913                                           17.2 %                                                4,616,032                                           13.2 %                                                   5,603,572                                           17.0 %
Provision for income taxes                                                                                                            308,827                                                                328,132                                                             981,100                                                              1,253,969  
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
NET INCOME                                                                                                                                               983,174                                           10.7 %                                                   1,130,781                                           13.3 %                                                3,634,932                                           10.4 %                                                   4,349,603                                           13.2 %
Net income attributable to noncontrolling interests in Accenture                                                                                         (41,694 )                                                                                                    (50,031 )                                                                                                (149,131 )                                                                                                   (195,560 )
Holdings
plc and Accenture Canada Holdings Inc.
Net income attributable to noncontrolling interests - other (1)                                                           (9,027 )                                                                                 (11,524 )                                                                              (40,652 )                                                                                 (42,151 )
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC                                                                                                        $        932,453                        10.2 %                                            $      1,069,226                        12.6 %                                            $   3,445,149                         9.9 %                                            $      4,111,892                        12.5 %
                                                                                                                             ==================== ============== ====================                                                     ==================== ============== ====================                                                     ==================== =========== ====================                                                     ==================== ============== ====================
CALCULATION OF EARNINGS PER SHARE:
Net income attributable to Accenture plc                                                                                                        $        932,453                                                                                             $      1,069,226                                                                                             $   3,445,149                                                                                             $      4,111,892
Net income attributable to noncontrolling interests in Accenture                                                                       41,694                                                                 50,031                                                             149,131                                                                195,560  
Holdings
plc and Accenture Canada Holdings Inc. (2)
                                                                                                                             -------------------- -------------- --------------------                                                     -------------------- -------------- --------------------                                                     -------------------- ----------- --------------------                                                     -------------------- -------------- --------------------
Net income for diluted earnings per share calculation                                                                                           $        974,147                                                                          $      1,119,257                                                                          $   3,594,280                                                                          $      4,307,452  
                                                                                                                             ==================== ============== ====================                                                     ==================== ============== ====================                                                     ==================== =========== ====================                                                     ==================== ============== ====================
EARNINGS PER SHARE:
         -Basic                                                                                                                                 $           1.51                                                                                             $           1.72                                                                                             $        5.56                                                                                             $           6.58
         -Diluted                                                                                                                               $           1.48                                                                                             $           1.68                                                                                             $        5.44                                                                                             $           6.45
WEIGHTED AVERAGE SHARES:
         -Basic                                                                                                                                      617,515,125                                                                                                  622,555,642                                                                                               620,104,250                                                                                                  624,797,820
         -Diluted                                                                                                                                    658,384,196                                                                                                  665,365,231                                                                                               660,463,227                                                                                                  667,770,274
Cash dividends per share                                                                                                                        $ --                                                                                             $ --                                                                                             $        2.42                                                                                             $           2.20
_______________
(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
                           Holdings plc ordinary 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.
                            
 
                                                                                                               ACCENTURE PLC
 
                                                                                                            SUMMARY OF REVENUES
                                                                                                      (In thousands of U.S. dollars)
                                                                                                                (Unaudited)
 
                                                                                                                                                Percent
                                                                                                                                                                                                                           Increase
                                                                                                                                                                                                                             Local
                                                                                                                                                                                                                           Currency
                                                                                                                                                                                                                     --------------------
                                                                                                                                                                                     Percent
                                                                                                                                                                                    Increase
                                                                                                                                                                                  U.S. Dollars
                                                                                                                                                                                 --------------
                                                                                                  Three Months Ended
                                                           -------------------------------------------------------------------------------------------------
                                                                       August 31, 2017                                            August 31, 2016
                                                           --------------------------------------                     --------------------------------------                                                         --------------------
OPERATING GROUPS
   Communications, Media & Technology                          $  1,823,157                                               $  1,696,671                                                 7%                                     7%
   Financial Services                                             1,949,494                                                  1,796,232                                                  9                                      9
   Health & Public Service                                        1,611,084                                                  1,541,251                                                  5                                      4
   Products                                                       2,486,314                                                  2,252,315                                                 10                                     10
   Resources                                                      1,261,615                                                  1,199,073                                                  5                                      5
   Other                                                             18,294                                   3,696                              n/m                                    n/m
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                                9,149,958                                                  8,489,238                                                 8%                                     8%
      Reimbursements                                                490,948                                 476,342                               3
                                                           -------------------------------------                      -------------------------------------
      TOTAL REVENUES                                           $  9,640,906                            $  8,965,580                              8%
                                                           ===== ========== ====================                      ===== ========== ====================
GEOGRAPHY
   North America                                               $  4,230,828                                               $  4,082,425                                                 4%                                     4%
   Europe                                                         3,121,492                                                  2,832,516                                                 10                                     10
   Growth Markets                                                 1,797,638                               1,574,297                              14                                     14
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                             $  9,149,958                            $  8,489,238                              8%                                     8%
                                                           ===== ========== ====================                      ===== ========== ====================
TYPE OF WORK
   Consulting                                                  $  4,934,348                                               $  4,607,715                                                 7%                                     7%
   Outsourcing                                                    4,215,610                               3,881,523                               9                                      8
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                             $  9,149,958                            $  8,489,238                              8%                                     8%
                                                           ===== ========== ====================                      ===== ========== ====================
                                                                                                                                                                                                                      
                                                                                                                                                                                                                            Percent
                                                                                                                                                                                                                           Increase
                                                                                                                                                                                                                             Local
                                                                                                                                                                                                                           Currency
                                                                                                                                                                                                                     --------------------
                                                                                                                                                                                     Percent
                                                                                                                                                                                    Increase
                                                                                                                                                                                  U.S. Dollars
                                                                                                                                                                                 --------------
                                                                                                      Year Ended
                                                           -------------------------------------------------------------------------------------------------
                                                                       August 31, 2017                                            August 31, 2016
                                                           --------------------------------------                     --------------------------------------                                                         --------------------
OPERATING GROUPS
   Communications, Media & Technology                          $  6,884,738                                               $  6,615,717                                                 4%                                     4%
   Financial Services                                             7,393,945                                                  7,031,053                                                  5                                      7
   Health & Public Service                                        6,177,846                                                  5,986,878                                                  3                                      3
   Products                                                       9,500,451                                                  8,395,038                                                 13                                     14
   Resources                                                      4,847,073                                                  4,838,963                                           --                                1
   Other                                                             46,129                                  15,074                              n/m                                    n/m
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                               34,850,182                                                 32,882,723                                                 6%                                     7%
      Reimbursements                                              1,915,296                               1,914,938                        --
                                                           -------------------------------------                      -------------------------------------
      TOTAL REVENUES                                           $ 36,765,478                            $ 34,797,661                              6%
                                                           ===== ========== ====================                      ===== ========== ====================
GEOGRAPHY
   North America                                               $ 16,290,842                                               $ 15,653,290                                                 4%                                     4%
   Europe                                                        11,933,093                                                 11,448,361                                                  4                                      8
   Growth Markets                                                 6,626,247                               5,781,072                              15                                     12
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                             $ 34,850,182                            $ 32,882,723                              6%                                     7%
                                                           ===== ========== ====================                      ===== ========== ====================
TYPE OF WORK
   Consulting                                                  $ 18,753,796                                               $ 17,867,891                                                 5%                                     6%
   Outsourcing                                                   16,096,386                              15,014,832                               7                                      8
                                                           -------------------------------------                      -------------------------------------
TOTAL Net Revenues                                             $ 34,850,182                            $ 32,882,723                              6%                                     7%
                                                           ===== ========== ====================                      ===== ========== ====================
_______________
n/m = not meaningful
 
 
                                                                                                                             ACCENTURE PLC
 
                                                                                                                  OPERATING INCOME BY OPERATING GROUP
                                                                                                                    (In thousands of U.S. dollars)
                                                                                                                              (Unaudited)
 
                                                                                                        Three Months Ended                                                                     
                                                        ---------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                  August 31, 2017                                                     August 31, 2016
                                                        ------------------------------------------------------------------                     ------------------------------------------------------------------
                                                                     Operating                Operating                                  Operating                Operating                                 Increase
                                                                      Income                                      Margin                                     Income                                      Margin                                  (Decrease)
                                                        --------------------------------                        ---------                      --------------------------------                        ---------                      ------------------------------
Communications, Media & Technology                        $   289,273                                               16%                          $   215,845                                               13%                          $  73,428
Financial Services                                            298,686                                               15                               280,064                                               16                              18,622
Health & Public Service                                       177,873                                               11                               181,502                                               12                              (3,629 )
Products                                                      383,661                                               15                               358,737                                               16                              24,924
Resources                                                     147,069                            12                               159,050                            13                             (11,981 )
                                                        ----------------------------------                                                     ----------------------------------                                                     --------------------------------
Operating Income (GAAP)                                   $ 1,296,562                           14.2%                         $ 1,195,198                           14.1%                         $ 101,364  
                                                        === ========= ====================                                                     === ========= ====================                                                     === ======= ====================
                                                                                                                                                                                                                                                   
 
                                                                                                               RECONCILIATION OF OPERATING INCOME, AS REPORTED (GAAP), TO
                                                                                                                          ADJUSTED OPERATING INCOME (NON-GAAP)
                                                                                                                             (In thousands of U.S. dollars)
                                                                                                                                       (Unaudited)
 
                                                                                                                      Year Ended                                                                                
                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                       August 31, 2017                                                            August 31, 2016
                                                          ------------------------------------------------------------------------                     ---------------------------------------------------------------------------
                                                                        Operating                  Operating                                       Operating                    Operating                                     Increase
                                                                         Income                                        Margin                                          Income                                          Margin                                      (Decrease)
                                                          ---------------------------------                        --------------                      ------------------------------------                        --------------                      -------------------------------
Communications, Media & Technology                           $ 1,048,786                                                 15%                                 $   965,574                                                 15%                              $  83,212
Financial Services                                             1,207,391                                                 16                                    1,127,750                                                 16                                  79,641
Health & Public Service                                          772,785                                                 13                                      807,012                                                 13                                 (34,227 )
Products                                                       1,558,680                                                 16                                    1,282,461                                                 15                                 276,219
Resources                                                        554,760                                                 11                                      627,648                                                 13                                 (72,888 )
Pension Settlement Charge (1)                                   (509,793 )                                         --                         --                        --                          (509,793 )
                                                          -----------------------------------                                                          --------------------------------------                                                          ---------------------------------
Operating Income (GAAP)                                        4,632,609                                                13.3%                                  4,810,445                                                14.6%                              (177,836 )
Pension Settlement Charge (1)                                    509,793                                                               --                                                                 509,793  
                                                          -----------------------------------                                                          --------------------------------------                                                          ---------------------------------
Adjusted Operating Income (non-GAAP)                         $ 5,142,402                             14.8%                                $ 4,810,445                             14.6%                             $ 331,957  
                                                          ==== ========= ====================                                                          ======= ========= ====================                                                          ==== ======= ====================
_______________
(1)     Represents pension settlement charge related to the termination of
                           our U.S. pension plan.
                            
 
                                                                                                                  ACCENTURE PLC
 
                                                                                         RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE, AS
                                                                                                         REPORTED (GAAP), TO NET INCOME
                                                                                             AND DILUTED EARNINGS PER SHARE, AS ADJUSTED (NON-GAAP)
                                                                                            (In thousands of U.S. dollars, except per share amounts)
                                                                                                                   (Unaudited)
 
                                                                                                                    Three Months Ended
                                                ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           August 31, 2017                                                                         August 31, 2016
                                                -------------------------------------                     --------------------------------------------------------------------------------------------------------------------------------------
                                                             As Reported                                              As Reported                    Gain on                       Adjusted
                                                               (GAAP)                                                   (GAAP)                                          Sale of                                         (Non-GAAP)
                                                                                                                                                                    Businesses (1)                                  
                                                ----------------------------------                        --------------------------------                        ----------------                        -----------------------------------
Income before income taxes                          $ 1,292,001                                             $ 1,458,913                                              $ (295,246 )                              $ 1,163,667
Provision for income taxes                              308,827                              328,132                              (45,767 )                                  282,365  
                                                ------------------------------------                      ----------------------------------                      ------------------                      -------------------------------------
Net income                                          $   983,174                          $ 1,130,781                           $ (249,479 )                              $   881,302  
                                                ===== ========= ====================                      === ========= ====================                      ==== ======== ====                      ====== ========= ====================
                                                                                                                                                                                                           
Effective tax rate                                         23.9 %                                                  22.5 %                                                                                             24.3 %
Diluted earnings per share                          $      1.48                                             $      1.68                                              $    (0.37 )                              $      1.31
                                                                                                                                                                                                                            
                             
                                                                                                                                                                                                   Year Ended
                                                 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                   August 31, 2017                                                                                                                               August 31, 2016
                                                 --------------------------------------------------------------------------------------------------------------------------------------------------                     ---------------------------------------------------------------------------------------------------------------------------------------
                                                             As Reported                           Pension                             Adjusted                                                As Reported                    Gain on                       Adjusted
                                                               (GAAP)                                               Settlement                                              (Non-GAAP)                                                 (GAAP)                                          Sale of                                         (Non-GAAP)
                                                                                                                    Charge (2)                                                                                                                                                      Businesses(1)
                                                 --------------------------------                        ------------------------------                        ---------------------------------                        ---------------------------------                        ----------------                        -----------------------------------
Income before incomes taxes                        $ 4,616,032                                             $ 509,793                                              $ 5,125,825                                              $ 5,603,572                                              $ (848,823 )                              $ 4,754,749
Provision for income taxes                             981,100                            198,219                             1,179,319                             1,253,969                             (104,045 )                                1,149,924  
                                                 ----------------------------------                      --------------------------------                      -----------------------------------                      -----------------------------------                      ------------------                      -------------------------------------
Net income                                         $ 3,634,932                          $ 311,574                           $ 3,946,506                           $ 4,349,603                           $ (744,778 )                              $ 3,604,825  
                                                 === ========= ====================                      === ======= ====================                      ==== ========= ====================                      ==== ========= ====================                      ==== ======== ====                      ====== ========= ====================
                                                                                                                                                                                                                                                                                                                          
Effective tax rate                                        21.3 %                                                                                                         23.0 %                                                   22.4 %                                                                                             24.2 %
Diluted earnings per share                         $      5.44                                             $    0.47                                              $      5.91                                              $      6.45                                              $    (1.11 )                              $      5.34
_______________
(1)     Represents gain on the sale of businesses related to the divestiture
                           of Navitaire and the partial divestiture of Duck Creek Technologies.
(2)                        Represents pension settlement charge related to the termination of
                           our U.S. pension plan.
                            
 
                                                                          ACCENTURE PLC
 
                                                                   CONSOLIDATED BALANCE SHEETS
                                                                 (In thousands of U.S. dollars)
 
                                                                          August 31, 2017           August 31, 2016
                                                                                           -------------------                     -----------------------------
                                                                                               (Unaudited)
                                ASSETS
CURRENT ASSETS:
   Cash and cash equivalents                                                                     $  4,126,860                            $            4,905,609
   Short-term investments                                                                               3,011                                             2,875
   Receivables from clients, net                                                                    4,569,214                                         4,072,180
   Unbilled services, net                                                                           2,316,043                                         2,150,219
   Other current assets                                                                             1,082,161                                           845,339
                                                                                           -------------------                     -----------------------------
      Total current assets                                                                         12,097,289                                        11,976,222
                                                                                           -------------------                     -----------------------------
NON-CURRENT ASSETS:
   Unbilled services, net                                                                              40,938                                            68,145
   Investments                                                                                        211,610                                           198,633
   Property and equipment, net                                                                      1,140,598                                           956,542
   Goodwill                                                                                         5,002,352                                         3,609,437
   Other non-current assets                                                                         4,197,103                                         3,800,025
                                                                                           -------------------                     -----------------------------
      Total non-current assets                                                                     10,592,601                                         8,632,782
                                                                                           -------------------                     -----------------------------
TOTAL ASSETS                                                                                     $ 22,689,890                            $           20,609,004
                                                                                           ======= ==========                      ======= ====================
    LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
   Current portion of long-term debt and bank borrowings                                         $      2,907                            $                2,773
   Accounts payable                                                                                 1,525,065                                         1,280,821
   Deferred revenues                                                                                2,669,520                                         2,364,728
   Accrued payroll and related benefits                                                             4,060,364                                         4,040,751
   Other accrued liabilities                                                                        1,566,423                                         1,189,851
                                                                                           -------------------                     -----------------------------
      Total current liabilities                                                                     9,824,279                                         8,878,924
                                                                                           -------------------                     -----------------------------
NON-CURRENT LIABILITIES:
   Long-term debt                                                                                      22,163                                            24,457
   Other non-current liabilities                                                                    3,133,248                                         3,516,247
                                                                                           -------------------                     -----------------------------
      Total non-current liabilities                                                                 3,155,411                                         3,540,704
                                                                                           -------------------                     -----------------------------
TOTAL ACCENTURE PLC SHAREHOLDERS’ EQUITY                                 8,949,477                                         7,555,262
NONCONTROLLING INTERESTS                                                                              760,723                                           634,114
                                                                                           -------------------                     -----------------------------
TOTAL SHAREHOLDERS’ EQUITY                                               9,710,200                                         8,189,376
                                                                                           -------------------                     -----------------------------
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                            $ 22,689,890                            $           20,609,004
                                                                                           ======= ==========                      ======= ====================
                                                                                                                                            
 
                                                                                                                                                 ACCENTURE PLC
 
                                                                                                                                      CONSOLIDATED CASH FLOWS STATEMENTS
                                                                                                                                        (In thousands of U.S. dollars)
                                                                                                                                                  (Unaudited)
 
                                                                                                           Three Months Ended                                                                                      Year Ended
                                                                                      ---------------------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------------------
                                                                                                    August 31,                               August 31,                                                 August 31,                              August 31,
                                                                                                       2017                                                        2016                                                       2017                                                       2016
                                                                                      ------------------------------------                        ------------------------------------                        ----------------------------------                        ------------------------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                                                               $   983,174                                                 $ 1,130,781                                               $ 3,634,932                                                 $ 4,349,603
      Depreciation, amortization and asset impairments                                          232,069                                                     193,415                                                   801,789                                                     729,052
      Share-based compensation expense                                                          183,298                                                     173,532                                                   795,235                                                     758,176
      Pension settlement charge                                                          --                                              --                                                   460,908                                              --
      (Gain) loss on the sale of businesses                                                      (3,855 )                                                  (295,246 )                                                     252                                                    (848,823 )
      Change in assets and liabilities/other, net                                               547,196                                  863,477                               (720,077 )                                                  (320,608 )
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
         Net cash provided by (used in) operating activities                                  1,941,882                                2,065,959                              4,973,039                                4,667,400  
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of property and equipment                                                         (191,146 )                                                  (160,066 )                                                (515,919 )                                                  (496,566 )
   Purchases of businesses and investments, net of cash acquired                               (462,688 )                                                   (99,994 )                                              (1,704,188 )                                                  (932,542 )
   Proceeds from sale of businesses and investments, net of cash                                    154                                                     196,228                                                   (24,035 )                                                   814,538
   transferred
   Other investing, net                                                                           1,286                                    1,360                                 10,263                                    4,220  
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
         Net cash provided by (used in) investing activities                                   (652,394 )                                                   (62,472 )                                              (2,233,879 )                                                  (610,350 )
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from issuance of ordinary shares                                                     75,125                                                      65,365                                                   676,045                                                     591,357
   Purchases of shares                                                                         (656,846 )                                                  (639,939 )                                              (2,649,051 )                                                (2,604,989 )
   Cash dividends paid                                                                   --                                              --                                                (1,567,578 )                                                (1,438,138 )
   Other financing, net                                                                         (10,843 )                                                   (24,084 )                                                 (19,651 )                                                   (37,448 )
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
         Net cash provided by (used in) financing activities                                   (592,564 )                                                  (598,658 )                                              (3,560,235 )                                                (3,489,218 )
   Effect of exchange rate changes on cash and cash equivalents                                  47,728                                    2,902                                 42,326                                  (22,989 )
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                            744,652                                                   1,407,731                                                  (778,749 )                                                   544,843
CASH AND CASH EQUIVALENTS, beginning of period                                                3,382,208                                3,497,878                              4,905,609                                4,360,766  
                                                                                      --------------------------------------                      --------------------------------------                      ------------------------------------                      --------------------------------------
CASH AND CASH EQUIVALENTS, end of period                                                    $ 4,126,860                              $ 4,905,609                            $ 4,126,860                              $ 4,905,609  
                                                                                      ======= ========= ====================                      ======= ========= ====================                      ===== ========= ====================                      ======= ========= ====================
                                                                                                                                                                                                                                                                                           

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170928005313r1&sid=cmtx6&distro=nx&

View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005313/en/

SOURCE: Accenture

Accenture 
Roxanne Taylor, +1-917-452-5106 
roxanne.taylor@accenture.com


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