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1、To our shareholders2010 Letter from Our Chairman&CEOIn fiscal 2010 we executed well while continuing to invest for the future.Our uncompromising focus on delivering value to our clients enabled us to increase the momentum in our business and generate significant value for our shareholders.“Accenture
2、isonasolidgrowthtrajectoryandextremelywellpositionedforthefuture.”Bill Green Chairman&CEODelivering in fiscal 2010 Fiscal 2010 was a defining year for Accenture on two dimensions.First,it was about building momentum around our growth agenda.Second,it was about initiatives and investments we made tha
3、t position Accenture for future success.On building momentum,we returned to a solid growth trajectory,and we delivered strong results.Despite the uncertainty in the marketplace,we were able to meet or beat all the elements of our original annual financial outlook for fiscal 2010:Revenues and earning
4、s per share were both within our expected ranges.Bookings were in the upper end of our guided range,demonstrating growing demand for our services.We expanded operating margin,slightly exceeding our expectations.And we generated extremely strong free cash flow,exceeding the top end of our initial gui
5、ded range by more than$500 million.In addition,we continued to return cash to shareholders in fiscal 2010 through more than$2 billion of share repurchases and through dividend payments.In March 2010 we switched to paying dividends on a semi-annual basis,and in November we paid a semi-annual cash div
6、idend that was a 20 percent increase over the prior semi-annual dividend.In short,we managed the business well in an uncertain macro-economic environment to deliver for our clients and our shareholders alike.Of course,our clients are at the heart of Accenture,and helping them achieve high performanc