1、12015 Letter toOur Shareholders2From Our Chairman&CEOAccentures excellent fiscal 2015 financial results reflect the successful execution of our strategy across the dimensions of our business and the investments we are making in new,high-growth areas.We delivered on our initial business outlook for t
2、he year,with particularly strong revenue growth that significantly outpaced the market.We generated strong new bookings,grew earnings per share faster than revenues and delivered strong free cash flowenabling us to return substantial cash to shareholders while continuing to make significant investme
3、nts in our business.Pierre NantermeHere are some highlights:We delivered strong new bookings of$34.4 billion.We grew net revenues 11 percent in local currency to a record$31.0 billiondriven in part by digital-related services,which grew approximately 35 percent to more than$7 billion.We delivered di
4、luted earnings per share of$4.76.After excluding a$0.06 pension settlement charge,EPS for the year were$4.82,a 7 percent increase.Our operating margin was 14.3 percent.Excluding the pension settlement charge,operating margin was 14.5 percent,an expansion of 20 basis points from fiscal 2014.We genera
5、ted free cash flow of$3.7 billion and returned$3.8 billion in cash to shareholders through dividends and share repurchases.We announced an 8 percent increase in our semi-annual dividend shortly after fiscal year-end.DELIVERING IN FISCAL 20153Our outstanding performance in fiscal 2015 was broad-based
6、 across the business,with double-digit revenue growth in four of our five operating groups and all three geographic regions.I was particularly pleased with our 13 percent growth in the United States,where we have now achieved double-digit growth in four of the last five years.The diversity of our bu