1、ANNUALREPORT2017strategy|consulting|digital|technology|operations DELIVERING FISCAL 2017Accentures very strong financial performance in fiscal 2017 reflects the continued successful execution of our growth strategyin particular,the rapid rotation of our business to new,high-growth areas.We delivered
2、 all the objectives in our initial business outlook for the year,driving broad-based revenue growth that significantly outpaced the market,as well as double-digit growth in earnings per share on an adjusted basis.We also generated excellent free cash flow and significantly increased our investments
3、in the business,while again returning substantial cash to shareholders.Here are some highlights:We delivered record net revenues of$34.9 billion,a 7 percent increase in local currency,with positive growth across the vast majority of our industry groups,geographic markets and businesses.We generated
4、very strong new bookings of$37.4 billion,a 6 percent increase in local currency.Diluted earnings per share were$5.44,compared with$6.45 in fiscal 2016.After excluding a$0.47 per share pension settlement charge in fiscal 2017 and$1.11 per share in gains on the sale of businesses in fiscal 2016,adjust
5、ed EPS of$5.91 in fiscal 2017 increased 11 percent.Operating margin was 13.3 percent,compared with 14.6 percent in fiscal 2016.Excluding the pension settlement charge in fiscal 2017,adjusted operating margin was 14.8 percent,an expansion of 20 basis points from fiscal 2016.We generated free cash flo
6、w of$4.5 billion and returned$4.2 billion in cash to shareholders through dividends and share repurchases.We announced a 10 percent increase in our semi-annual dividend,to$1.33 per share,shortly after fiscal year-end.1We also reached an important milestone in fiscal 2017:Net revenues from what we ca