Exhibit 99.1

Accenture Reports Second-Quarter 2005 Financial Results

— Revenues Increase 15%, to $3.81 Billion; EPS $0.35 —

NEW YORK; April 7, 2005 – Accenture (NYSE: ACN) today reported financial results for the second quarter of fiscal 2005, ended Feb. 28, 2005, with record net revenues of $3.81 billion and EPS of $0.35, a 59 percent increase over the same quarter last year.

Net revenues grew 15 percent overall, with consulting increasing 14 percent and outsourcing increasing 18 percent. The company achieved net revenue growth across all three of its geographic regions and all five of its operating groups, with exceptional top-line contributions from its Financial Services and Products operating groups.

Financial Highlights

	•	Revenues before reimbursements (“net revenues”) were $3.81 billion, compared with $3.30 billion for the second quarter of fiscal 2004, an increase of 15 percent in U.S. dollars and 10 percent in local currency, and ahead of the company’s expected range of $3.60 billion to $3.75 billion.
	•	Diluted earnings per share were $0.35, compared with $0.22 for the second quarter last year, at the high end of the company’s expected range of $0.33 to $0.35.
	•	Operating income was $472 million, or 12.4 percent of net revenues, compared with $307 million, or 9.3 percent of net revenues, for the second quarter last year.
	•	New bookings totaled $4.88 billion, with consulting accounting for $2.81 billion, up 43 percent from the first quarter of fiscal 2005, and outsourcing accounting for $2.07 billion.

William D. Green, Accenture’s CEO, said, “We had strong top- and bottom-line performance this quarter, with double-digit growth in both EPS and revenues, including 14 percent growth in consulting revenues and 18 percent growth in outsourcing revenues. We had solid quarterly new bookings of $4.88 billion, bringing new bookings for the first half of the year to $8.91 billion. In addition, we made great progress on the operational challenges that we identified in the first quarter, including our free cash flow, client balances and attrition.

“We remain focused on making further operational improvements and are confident in our ability to achieve our financial objectives for the fiscal year while continuing to deliver results for our clients.”

Financial Review

Gross margin (revenues less cost of services, as a percentage of net revenues) was 30.8 percent, compared with 33.0 percent for the second quarter of fiscal 2004.

Selling, general and administrative costs were $738 million, or 19.4 percent of net revenues, compared with $675 million, or 20.4 percent of net revenues, for the second quarter last year.

Accenture recorded net reorganization benefits of $36 million in the second quarter of fiscal 2005. In the second quarter last fiscal year, the company incurred a $107 million restructuring charge as a result of a global real estate consolidation.

Operating income was $472 million, or 12.4 percent of net revenues, for the second quarter of fiscal 2005, compared with $307 million, or 9.3 percent of net revenues, for the second quarter last year. Excluding reorganization benefits and restructuring costs, operating income for the second quarter of fiscal 2005 was $436 million, or 11.4 percent of net revenues, compared with $415 million, or 12.6 percent of net revenues, for the second quarter of fiscal 2004.

The decrease in operating margin was due primarily to three factors: (1) temporary delays in deploying systems under the company’s contracts with a large client; (2) incurred and expected cost-overruns associated with developing reusable assets, in connection with certain client engagements, that will be used to create offerings to support multiple clients; and, to a lesser extent, (3) delivery inefficiencies, including staffing issues that the company identified in the first quarter of fiscal 2005. The company did not accrue variable compensation expense in the second quarter, which partially offset this decline in operating margin.

The company’s effective tax rate for the second quarter of fiscal 2005 was 30.6 percent, compared with 34.8 percent for the same period last year. The 30.6 percent effective tax rate includes the effect of the reduction in the year-to-date tax rate from 34.0 percent to 32.3 percent as a result of changes in the company’s forecasted mix of geographic income and the reduction in reorganization liabilities.

Income before minority interest was $341 million, compared with $220 million for the same period last year.

Accenture’s total cash balance at Feb. 28, 2005 was $3.06 billion, compared with $2.55 billion at Aug. 31, 2004 and $2.27 billion at Nov. 30, 2004. Cash combined with $702 million of fixed-income securities classified as investments on the company’s balance sheet was $3.76 billion at Feb. 28, 2005, compared with $3.15 billion at Aug. 31, 2004 and $3.21 billion at Nov. 30, 2004. For the three months ended Feb. 28, 2005, operating cash flow was $787 million and property and equipment additions were $61 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $726 million. Total debt at Feb. 28, 2005 was $82 million.

For the six months ended Feb. 28, 2005, operating cash flow was $726 million and property and equipment additions were $116 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $610 million. For the six months ended Feb. 29, 2004, operating cash flow was $993 million, property and equipment additions were $101 million and free cash flow was $892 million.

Consulting and Outsourcing Net Revenues

	•	Consulting net revenues were $2.30 billion, or 60 percent of total net revenues, an increase of 14 percent in U.S. dollars and 8 percent in local currency over the second quarter of fiscal 2004.
	•	Outsourcing accounted for $1.51 billion, or 40 percent of total net revenues, an increase of 18 percent in U.S. dollars and 13 percent in local currency over the same period last year.

Net Revenues by Operating Group

Net revenues for Accenture’s five operating groups were as follows:

	•	Communications & High Tech: $982 million, compared with $931 million for the second quarter of fiscal 2004, an increase of 6 percent in U.S. dollars and 1 percent in local currency.
	•	Financial Services: $859 million, compared with $648 million for the same period last year, an increase of 33 percent in U.S. dollars and 25 percent in local currency.
	•	Government: $521 million, compared with $468 million for the year-ago period, an increase of 11 percent in U.S. dollars and 7 percent in local currency.
	•	Products: $851 million, compared with $715 million for the year-ago period, an increase of 19 percent in U.S. dollars and 14 percent in local currency.
	•	Resources: $596 million, compared with $538 million for the same period last year, an increase of 11 percent in U.S. dollars and 5 percent in local currency.

Net Revenues by Geographic Region

Net revenues by geographic region were as follows:

	•	Americas: $1.54 billion, compared with $1.50 billion for the year-ago period, an increase of 3 percent in U.S. dollars and 2 percent in local currency.
	•	Europe, Middle East and Africa (EMEA): $2.00 billion, compared with $1.58 billion for the second quarter of fiscal 2004, an increase of 27 percent in U.S. dollars and 17 percent in local currency.
	•	Asia Pacific: $275 million, compared with $225 million for the year-ago period, an increase of 22 percent in U.S. dollars and 15 percent in local currency.

Share Repurchase Activity

During the second quarter of fiscal 2005 Accenture repurchased $207 million of its shares, as planned. This included $121 million for purchases of 4.7 million Accenture Ltd Class A common shares and $86 million for 3.5 million Accenture SCA Class I common shares repurchased from partners, retired partners and their permitted transferees. At Feb. 28, 2005, Accenture had $3.05 billion of share repurchase authority remaining, of which $913 million remained for use in connection with the company’s open-market share purchase program. The balance was available for redemptions and purchases from Accenture’s partners, former partners, their permitted transferees and employees.

On March 7, 2005, Accenture closed a tender offer initiated during the second quarter of the fiscal year and purchased 18.7 million Accenture SCA Class I common shares for $501 million. In addition, Accenture expects to purchase or redeem between $600 million and $1.1 billion worth of its shares during the remainder of fiscal year 2005, through both open-market share purchases and its ongoing Share Management Plan transactions.

Business Outlook

Third Quarter Fiscal 2005

For the third quarter of fiscal 2005, Accenture expects net revenues to be in the range of $4.0 billion to $4.2 billion and GAAP diluted earnings per share to be in the range of $0.48 to $0.50. GAAP diluted earnings per share for the third quarter will include a benefit of $0.06 per share from a $69 million reduction in reorganization liabilities that were established in connection with Accenture’s transition to corporate structure in 2001. This reduction was recognized in March 2005.

Full Fiscal Year 2005

For the full fiscal year 2005, Accenture continues to expect net revenue growth to be in the range of 13 percent to 16 percent in U.S. dollars and 9 percent to 12 percent in local currency. The company has revised its guidance for GAAP diluted earnings per share upward to the range of $1.49 to $1.53. For the full fiscal year, reductions in reorganization liabilities are expected to contribute $0.11 per share to diluted earnings per share.

Also for the full fiscal year 2005, Accenture continues to expect operating cash flow to be $1.85 billion to $2.05 billion; property and equipment additions to be $400 million; and free cash flow to be in the range of $1.45 billion to $1.65 billion, although the company currently expects to be at the low end of this range. The company now expects the annual effective tax rate to be in the range of 31 percent to 33 percent. The company reiterated that it is targeting new bookings for fiscal year 2005 in the range of $18 billion to $20 billion.

Conference Call and Webcast Details

Accenture will host a conference call at 4:30 p.m. EDT today to discuss its second-quarter 2005 financial results. To participate, please dial +1 (888) 276-9998 [+1 (612) 332-0335 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 and via telephone by dialing +1 (800) 475-6701 [+1 (320) 365-3844 outside the United States, Puerto Rico and Canada] and entering access code 775402 from 9:45 p.m. EDT Thursday, April 7 through 11:59 p.m. EDT Thursday, April 21.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 110,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com.

Forward-Looking Statements

This news release contains forward-looking statements relating to our operations and results of operations, the accuracy of which is necessarily subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed under the “Risk Factors” heading in the Business section of our most recent annual report on Form 10-K filed with the Securities and Exchange Commission. 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.

Non-GAAP Financial Information

This press 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. Accenture discloses free cash flow (defined as operating cash flow net of property and equipment additions) as well as operating income excluding reorganization benefits and costs and restructuring costs because Accenture’s management believes doing so provides investors with additional information regarding Accenture’s results of operations. While Accenture’s management believes that these non-GAAP financial measures 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.

###

Contact:
Roxanne Taylor
Accenture
+1 (917) 452-5106
roxanne.taylor@accenture.com

ACCENTURE LTD

CONSOLIDATED INCOME STATEMENTS

For the Three Months Ended February 28, 2005 and February 29, 2004
(In thousands of U.S. dollars, except share and per share data)
(Unaudited)

		2005								2004
						% of Net								% of Net
						Revenues								Revenues
REVENUES:
Revenues before reimbursements (Net revenues)		$	3,813,522				100	%		$	3,302,209				100	%
Reimbursements			402,862				11	%			380,095				12	%
Revenues			4,216,384				111	%			3,682,304				112	%
OPERATING EXPENSES:
Cost of services:
Cost of services before reimbursable expenses			2,638,950				69	%			2,212,547				67	%
Reimbursable expenses			402,862				11	%			380,095				12	%
Cost of services			3,041,812				80	%			2,592,642				79	%
Sales and marketing			376,919				10	%			358,662				11	%
General and administrative costs			361,478				9	%			316,133				10	%
Reorganization (benefits) costs and restructuring costs			(35,777	)			(1	%)			107,438				3	%
Total operating expenses			3,744,432				98	%			3,374,875				102	%
OPERATING INCOME			471,952				12	%			307,429				9	%
Gain on investments, net			93				0	%			3,332				0	%
Interest income			28,063				1	%			15,187				0	%
Interest expense			(6,300	)			0	%			(5,816	)			0	%
Other income (expense)			(2,846	)			0	%			17,765				1	%
Equity in losses of affiliates			—				0	%			(516	)			0	%
INCOME BEFORE INCOME TAXES			490,962				13	%			337,381				10	%
Provision for income taxes			150,350				4	%			117,408				4	%
INCOME BEFORE MINORITY INTEREST			340,612				9	%			219,973				7	%
Minority interest – Accenture SCA and Accenture Canada Holdings Inc.			(128,688	)			(3	%)			(96,987	)			(3	%)
Minority interest – other (1)			(2,138	)			0	%			103				0	%
NET INCOME		$	209,786				6	%		$	123,089				4	%
CALCULATION OF EARNINGS PER SHARE:
Net income		$	209,786							$	123,089
Minority interest – Accenture SCA and Accenture Canada Holdings Inc. (2)			128,688								96,987
Net income for diluted earnings per share calculation		$	338,474							$	220,076
EARNINGS PER SHARE:
- Basic		$	0.35							$	0.23
- Diluted		$	0.35							$	0.22
WEIGHTED AVERAGE SHARES:
- Basic			591,694,862								544,052,062
- Diluted			979,750,161								998,003,396

(1)		Minority interest – other is comprised primarily of minority interest attributable to the minority shareholders of Avanade, Inc.
(2)		Diluted earnings per share assumes the redemption and exchange of all Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares, respectively, for Accenture Ltd Class A common shares, on a one-for-one basis.

ACCENTURE LTD

CONSOLIDATED INCOME STATEMENTS

For the Six Months Ended February 28, 2005 and February 29, 2004
(In thousands of U.S. dollars, except share and per share data)
(Unaudited)

		2005								2004
						% of Net								% of Net
						Revenues								Revenues
REVENUES:
Revenues before reimbursements (Net revenues)		$	7,543,877				100	%		$	6,563,794				100	%
Reimbursements			743,879				10	%			692,998				11	%
Revenues			8,287,756				110	%			7,256,792				111	%
OPERATING EXPENSES:
Cost of services:
Cost of services before reimbursable expenses			5,154,389				68	%			4,363,437				66	%
Reimbursable expenses			743,879				10	%			692,998				11	%
Cost of services			5,898,268				78	%			5,056,435				77	%
Sales and marketing			735,862				10	%			709,259				11	%
General and administrative costs			752,293				10	%			655,489				10	%
Reorganization (benefits) and restructuring costs			(28,769	)			0	%			21,040				0	%
Total operating expenses			7,357,654				98	%			6,442,223				98	%
OPERATING INCOME			930,102				12	%			814,569				12	%
Gain on investments, net			14,633				0	%			3,830				0	%
Interest income			48,184				1	%			25,610				0	%
Interest expense			(12,616	)			0	%			(11,567	)			0	%
Other income (expense)			(5,173	)			0	%			19,291				0	%
Equity in losses of affiliates			—				0	%			(1,202	)			0	%
INCOME BEFORE INCOME TAXES			975,130				13	%			850,531				13	%
Provision for income taxes			314,967				4	%			295,984				5	%
INCOME BEFORE MINORITY INTEREST			660,163				9	%			554,547				8	%
Minority interest in Accenture SCA and Accenture Canada Holdings Inc.			(250,369	)			(3	%)			(257,145	)			(4	%)
Minority interest – other (1)			(3,735	)			0	%			27				0	%
NET INCOME		$	406,059				5	%		$	297,429				5	%
CALCULATION OF EARNINGS PER SHARE:
Net income		$	406,059							$	297,429
Minority interest in Accenture SCA and Accenture Canada Holdings Inc. (2)			250,369								257,145
Net income for diluted earnings per share calculation		$	656,428							$	554,574
EARNINGS PER SHARE:
- Basic		$	0.69							$	0.56
- Diluted		$	0.67							$	0.55
WEIGHTED AVERAGE SHARES:
- Basic			590,746,753								531,738,351
- Diluted			979,880,579								1,009,403,593

(1)		Minority interest – other is comprised primarily of minority interest attributable to the minority shareholders of Avanade, Inc.
(2)		Diluted earnings per share assumes the redemption and exchange of all Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares, respectively, for Accenture Ltd Class A common shares, on a one-for-one basis.

ACCENTURE LTD

SUMMARY OF REVENUES

For the Three and Six Months Ended February 28, 2005 and February 29, 2004
(In thousands of U.S. dollars)
(Unaudited)

														Percent
		Three Months Ended								Percent				Increase/				Percent of
		February 28,				February 29,				Increase				(Decrease)				Total 2005
		2005				2004				US $				Local Currency				Net Revenues
OPERATING GROUPS
Communications & High Tech		$	982,088			$	930,812				6	%			1	%			26	%
Financial Services			859,336				647,531				33	%			25	%			22	%
Government			521,111				467,926				11	%			7	%			14	%
Products			851,394				715,386				19	%			14	%			22	%
Resources			596,493				538,268				11	%			5	%			16	%
Other			3,100				2,286				n/m				n/m				0	%
TOTAL Net Revenues			3,813,522				3,302,209				15	%			10	%			100	%
Reimbursements			402,862				380,095				6	%
TOTAL REVENUES		$	4,216,384			$	3,682,304				15	%
GEOGRAPHY
Americas		$	1,542,031			$	1,501,120				3	%			2	%			41	%
EMEA			1,996,181				1,575,653				27	%			17	%			52	%
Asia Pacific			275,310				225,436				22	%			15	%			7	%
TOTAL Net Revenues			3,813,522				3,302,209				15	%			10	%			100	%
Reimbursements			402,862				380,095				6	%
TOTAL REVENUES		$	4,216,384			$	3,682,304				15	%

														Percent
		Six Months Ended								Percent				Increase/				Percent of
		February 28,				February 29,				Increase				(Decrease)				Total 2005
		2005				2004				US $				Local Currency				Net Revenues
OPERATING GROUPS
Communications & High Tech		$	1,955,019			$	1,809,822				8	%			4	%			26	%
Financial Services			1,666,029				1,293,580				29	%			21	%			22	%
Government			1,044,914				946,145				10	%			6	%			14	%
Products			1,713,592				1,416,527				21	%			15	%			23	%
Resources			1,160,885				1,092,895				6	%			0	%			15	%
Other			3,438				4,825				n/m				n/m				0	%
TOTAL Net Revenues			7,543,877				6,563,794				15	%			9	%			100	%
Reimbursements			743,879				692,998				7	%
TOTAL REVENUES		$	8,287,756			$	7,256,792				14	%
GEOGRAPHY
Americas		$	3,084,236			$	2,992,689				3	%			2	%			41	%
EMEA			3,914,367				3,125,783				25	%			15	%			52	%
Asia Pacific			545,274				445,322				22	%			17	%			7	%
TOTAL Net Revenues			7,543,877				6,563,794				15	%			9	%			100	%
Reimbursements			743,879				692,998				7	%
TOTAL REVENUES		$	8,287,756			$	7,256,792				14	%

n/m = not meaningful

ACCENTURE LTD

OPERATING INCOME BY OPERATING GROUP (OG)

For the Three Months Ended February 28, 2005 and February 29, 2004
(In thousands of U.S. dollars)
(Unaudited)

		Operating Income as Reported
		February 28, 2005								February 29, 2004
						Percent of								Percent of
		Operating				OG Net				Operating				OG Net				Increase (Decrease)
		Income				Revenues				Income				Revenues				US$				Percent
Operating Groups
Communications & High Tech		$	138,496				14	%		$	59,488				6	%		$	79,008				133	%
Financial Services			127,053				15	%			62,139				10	%			64,914				104	%
Government			13,343				3	%			43,271				9	%			(29,928	)			(69	%)
Products			97,991				12	%			96,015				13	%			1,976				2	%
Resources			95,069				16	%			46,783				9	%			48,286				103	%
Other			—				n/m				(267	)			n/m				267				100	%
Total Operating Income		$	471,952				12	%		$	307,429				9	%		$	164,523				54	%

		Non-GAAP Operating Income
		(Operating Income Excluding Reorganization Benefits and
		Costs and Restructuring Costs) (1)
		February 28, 2005								February 29, 2004
		Non-GAAP				Percent of				Non-GAAP				Percent of
		Operating				OG Net				Operating				OG Net				Increase (Decrease)
		Income				Revenues				Income				Revenues				US$				Percent
Operating Groups
Communications & High Tech		$	129,598				13	%		$	86,486				9	%		$	43,112				50	%
Financial Services			118,971				14	%			85,758				13	%			33,213				39	%
Government			7,682				1	%			59,072				13	%			(51,390	)			(87	%)
Products			89,921				11	%			119,546				17	%			(29,625	)			(25	%)
Resources			90,003				15	%			64,272				12	%			25,731				40	%
Other			—				n/m				(267	)			n/m				267				100	%
Total Operating Income		$	436,175				11	%		$	414,867				13	%		$	21,308				5	%

n/m = not meaningful
(1)		For the three months ended February 28, 2005, Accenture recorded net reorganization benefits of $35,777 primarily resulting from final determinations of certain reorganization liabilities established in connection with Accenture’s transition to a corporate structure in 2001, allocated to the operating groups in the following amounts: Communications & High Tech $8,898; Financial Services $8,082; Government $5,661; Products $8,070; and Resources $5,066. For the three months ended February 29, 2004, Accenture recorded restructuring costs of $107,256 relating to the Company’s global consolidation of office space and net reorganization costs of $182 related to certain reorganization liabilities established in connection with Accenture’s transition to a corporate structure in 2001, allocated to the operating groups in the following amounts: Communications & High Tech $26,998; Financial Services $23,619; Government $15,801; Products $23,531; and Resources $17,489. These amounts are excluded from the table.

ACCENTURE LTD

OPERATING INCOME BY OPERATING GROUP (OG)

For the Six Months Ended February 28, 2005 and February 29, 2004
(In thousands of U.S. dollars)
(Unaudited)

		Operating Income as Reported
		February 28, 2005								February 29, 2004
						Percent of								Percent of
		Operating				OG Net				Operating				OG Net				Increase (Decrease)
		Income				Revenues				Income				Revenues				US$				Percent
Operating Groups
Communications & High Tech		$	287,825				15	%		$	134,520				7	%		$	153,305				114	%
Financial Services			222,479				13	%			165,819				13	%			56,660				34	%
Government			59,610				6	%			137,174				14	%			(77,564	)			(57	%)
Products			183,859				11	%			229,852				16	%			(45,993	)			(20	%)
Resources			176,329				15	%			147,204				13	%			29,125				20	%
Other			—				n/m				—				n/m				—				n/m
Total Operating Income		$	930,102				12	%		$	814,569				12	%		$	115,533				14	%

		Non-GAAP Operating Income
		(Operating Income Excluding Reorganization Benefits and
		Costs and Restructuring Costs) (1)
		February 28, 2005								February 29, 2004
		Non-GAAP				Percent of				Non-GAAP				Percent of
		Operating				OG Net				Operating				OG Net				Increase (Decrease)
		Income				Revenues				Income				Revenues				US$				Percent
Operating Groups
Communications & High Tech		$	280,669				14	%		$	139,808				8	%		$	140,861				101	%
Financial Services			215,931				13	%			170,487				13	%			45,444				27	%
Government			55,065				5	%			140,266				15	%			(85,201	)			(61	%)
Products			177,412				10	%			234,449				17	%			(57,037	)			(24	%)
Resources			172,256				15	%			150,599				14	%			21,657				14	%
Other			—				n/m				—				n/m				—				n/m
Total Operating Income		$	901,333				12	%		$	835,609				13	%		$	65,724				8	%

n/m = not meaningful
(1)		For the six months ended February 28, 2005, Accenture recorded net reorganization benefits of $28,769 primarily resulting from final determinations of certain reorganization liabilities established in connection with Accenture’s transition to a corporate structure in 2001, allocated to the operating groups in the following amounts: Communications & High Tech $7,156; Financial Services $6,548; Government $4,545; Products $6,447; and Resources $4,073. For the six months ended February 29, 2004, Accenture recorded restructuring costs of $107,256 relating to the Company’s global consolidation of office space and net reorganization benefits of $86,216 primarily resulting from final determinations of certain reorganization liabilities established in connection with Accenture’s transition to a corporate structure in 2001, allocated to the operating groups in the following amounts: Communications & High Tech $5,288; Financial Services $4,668; Government $3,092; Products $4,597; and Resources $3,395. These amounts are excluded from the table.

ACCENTURE LTD

CONSOLIDATED BALANCE SHEETS

February 28, 2005 and August 31, 2004
(In thousands of U.S. dollars)

		February 28,				August 31,
		2005				2004
		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	3,060,203			$	2,552,958
Short-term investments			406,456				285,288
Receivables from clients, net			1,816,354				1,662,211
Unbilled services			1,459,331				1,049,870
Other current assets			603,704				606,867
Total current assets			7,346,048				6,157,194
NON-CURRENT ASSETS:
Investments			321,823				340,121
Property and equipment, net			657,444				643,946
Other non-current assets			1,017,524				872,223
Total non-current assets			1,996,791				1,856,290
TOTAL ASSETS		$	9,342,839			$	8,013,484
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Short-term debt		$	45,605			$	36,715
Accounts payable			734,995				523,931
Deferred revenues			1,321,505				980,461
Accrued payroll and related benefits			1,429,326				1,508,126
Other accrued liabilities			1,423,138				1,389,556
Total current liabilities			4,954,569				4,438,789
NON-CURRENT LIABILITIES:
Long-term debt			36,736				32,161
Other non-current liabilities			1,264,426				1,129,765
Total non-current liabilities			1,301,162				1,161,926
MINORITY INTEREST			1,200,007				940,963
EQUITY:
Shareholders’ equity			1,887,101				1,471,806
Total equity			1,887,101				1,471,806
TOTAL LIABILITIES AND EQUITY		$	9,342,839			$	8,013,484