Accenture (NYSE: ACN) today announced that Standard & Poor’s will add
Accenture’s common stock to the S&P 500 Index after the close of trading
on Tuesday, July 5.
"We are very pleased to join the S&P 500,” said Pierre Nanterme,
Accenture’s chief executive officer. "It is an important recognition of
our continued focus on driving growth through technology leadership and
industry differentiation, as well as of the outstanding efforts of our
people around the world to deliver superior value to our clients.”
Pamela Craig, Accenture’s chief financial officer, said, "Accenture’s
inclusion in the S&P 500, in the same month as the 10th anniversary of
our initial public offering, is an exciting milestone. It affirms our
long-term commitment to sustainable, profitable growth through the
disciplined execution of our business strategy and a relentless focus on
delivering value to our shareholders.”
About Accenture
Accenture is a global management consulting, technology services and
outsourcing company, with more than 223,000 people serving clients in
more than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world’s most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of
US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page
is www.accenture.com.
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. 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 negative or uncertain economic or
geopolitical conditions and the effects of these conditions on the
company’s clients’ businesses and levels of business activity; the
company’s results of operations and ability to grow could be materially
negatively affected if the company cannot adapt and expand its services
and solutions in response to changes in technology and client demand;
the consulting and outsourcing markets are highly competitive and the
company might not be able to compete effectively; work with government
clients exposes the company to additional risks inherent in the
government contracting environment, including risks related to
governmental budget and debt constraints; clients may not be satisfied
with the company’s services; results of operations could be materially
adversely affected if clients terminate their contracts with the
company; outsourcing services are a significant part of the company’s
business and subject the company to additional operational and financial
risk; results of operations could materially suffer if the company is
not able to obtain favorable pricing; if the company is unable to keep
its supply of skills and resources in balance with client demand around
the world, 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 company’s business could be materially adversely
affected if it incurs legal liability in connection with providing its
services and solutions; if the company’s pricing estimates do not
accurately anticipate the cost and complexity of performing work, then
the company’s contracts could be unprofitable; many of the company’s
contracts include performance payments that link some of the company’s
fees to the attainment of performance or business targets and this could
increase the variability of the company’s revenues and margins; the
company’s ability to attract and retain business may depend on its
reputation in the marketplace; the company’s alliance relationships may
not be successful or may change, which could adversely affect the
company’s results of operations; 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;
revenues, revenue growth and earnings in U.S. dollars may be lower if
the U.S. dollar strengthens against other currencies, particularly the
Euro and British pound; the company could have liability or the
company’s reputation could be damaged if the company fails to protect
client data and company data or information systems as obligated by law
or contract or if the company’s information systems are breached; the
company could be subject to liabilities or damage to its relationships
with clients if subcontractors or the third parties with whom the
company partners cannot meet their commitments on time or at all; the
company’s services or solutions could infringe upon the intellectual
property rights of others or the company might lose its ability to
utilize the intellectual property of others; the company has only a
limited ability to protect its intellectual property rights, which are
important to the company’s success; changes in the company’s level of
taxes, and audits, investigations and tax proceedings, could have a
material adverse effect on the company’s results of operations and
financial condition; the company’s profitability could suffer if its
cost-management strategies are unsuccessful; if the company is unable to
collect its receivables or unbilled services, the company’s results of
operations, financial condition and cash flows could be adversely
affected; the company may be subject to criticism, negative publicity
and legislative or regulatory action related to its incorporation in
Ireland; if the company is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; the company may not be successful at
identifying, acquiring or integrating other businesses; consolidation in
the industries the company serves could adversely affect its business;
the company’s share price could fluctuate and be difficult to predict;
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.
