Accenture

Accenture is a global company, one of the leaders in the global market for professional services and digital technologies. Accenture provides a wide range of services and solutions in the fields of strategies, consulting, digital services (digital), technology and optimization of the company's operations.

Performance indicators

The company's fiscal year is recorded from September 01 to August 31.

2021: Revenue growth 14%, to $50.53 billion

Accenture ended fiscal 2021 with revenue of $50.53 billion, up 14% from a year earlier. Excluding currency fluctuations, the indicator grew by 11%.

Most of the annual turnover - $27.3 billion - came from consulting services, the company's income from which increased by 13% on an annualized basis. In the outsourcing direction, a 15 percent increase in revenue was registered, to $23.2 billion.

Accenture's revenues for the 12-month reporting period, which ended on August 31, 2021, amounted to $23.7 billion, an increase of 13% compared to the same period a year earlier. In Europe, revenue increased by 16% (to $16.75 billion), in the so-called growing markets - by 13% (to $10.06 billion).

Accenture's largest division in terms of markets that include customers remains Communications, Media & Technology. Here, revenue at the end of the 2021 financial year increased by 16% compared to the previous year and reached $10.29 billion. In the direction of Financial Services, turnover rose by 17%, to $9.93 billion. In the Health & Public Service division, revenue increased by 18%, to $9.5 billion.

Accenture's net profit at the end of the 2021 financial year reached $5.99 billion, which exceeds the profit a year ago of $5.19 billion. Accenture CEO Juli Sweet noted that the company has achieved such profit growth despite large investments that did not exist before.

The company's annual order volume reached a record $59.3 billion, which exceeded the result of a year ago by 20%. 72 clients signed contracts with Accenture worth from $100 million to 53 in 2020.

In 2021, Accenture spent a total of $4.2 billion on purchases of companies, and the number of patents and patent applications exceeded 8,200.Accenture Report 2021 Fingod

Acquisitions and divestment

Main item: Acquisitions and sale of Accenture assets

Business in Russia

Main article: Accenture (business in Russia)

On March 7, 2022, it became known about the sale of the Russian division of Accenture to its local leadership. On April 12, 2022, the Russian office of Accenture officially confirmed the transfer of the company to Russian top business managers in Russia. Read more here.

History

2023: Plan to cut 19,000 of 738,000 employees

On March 23, 2023, Accenture announced 19,000 job cuts in the next 18 months, the largest series of cuts in the consulting sector, as companies grapple with rising costs and uncertain economic prospects.

The group, whose shares are listed in New York, said it expects to incur the total cost of laying off staff in the amount of $1.2 billion and another $300 million from the "consolidation of office space."

Accenture employs 738,000 people worldwide and sells consulting and outsourcing services to large companies.

2021

LockBit ransomware virus started blocking Accenture client systems

At the end of August 2021, it became known that the LockBit hacker group used the credentials that were accessed during a cyber attack on Accenture and began blocking the company's customer systems.

According to BleepingComputer, the Accenture software used at airports was blocked. LockBit representatives themselves refused to name specific organizations that were hacked through Accenture.

In a statement to CRN, Accenture denied reports of systems being blocked and noted:

We have completed a thorough forensic examination of the attacked Accenture systems. This claim is false. As we stated, this did not affect the operation of Accenture or the systems of our customers. As soon as we discovered the presence of this attacker, we isolated the affected servers.

Following the attack programs extortioners on Accenture, which was publicly revealed on August 11, 2021, LockBit said it had gathered enough data to hack some of the company's customers. So, after the hack, Accenture LockBit reported that it encrypted the systems and published the stolen data from Bangkok Airways and. Ethiopian Airlines The Thai airline said hackers could have accessed personal data such as full name, nationality, gender, phone number, email and physical addresses, passport details, historical travel details, partial credit card information and special nutrition information. Bangkok Airways added that its operating or aviation security systems were not affected by the attack.

There is no real evidence of a data breach. Emsisoft analyst Brett Callow notes:

It's unclear what's going on. It may be that minimal or no data has been extracted in incidents, and LockBit's claims are simply a bluff.

The VX-Underground service, which claims to have the largest collection of malware source code on the Internet, reported that the LockBit group briefly published 2,384 Accenture files on August 11.^[1]

Database theft as a result of a hacker attack

In early August 2021, Accenture fell victim to attacks virus extortioner Lockbit. Company officials claim the incident had little impact on its operations.

The name of the company appeared on the website of a group of hackers next to the timer. The ransomware group added a note from which it follows that, thanks to insiders, confidential materials from Accenture databases were in their hands.

With our security controls and protocols, we identified irregular activity in one of our environments, immediately localized the problem, and isolated the affected servers. We have completely restored all the affected files thanks to the backup, - said a company representative. - The hacker attack has not affected Accenture or our customers' system.

The amount of data obtained during the ransomware attack is also questioned online. Many noted the improbability of receiving information from an Accenture insider, given how easy it would be to track down an attack of this kind. Accenture did not respond to questions about whether it was an insider attack or when it might have happened.

However, cybercrime intelligence firm Hudson Rock said on Twitter that about 2,500 computers from Accenture employees and partners were compromised in the attack. Another research firm Cyble announced a ransom demand of $50 million for 6 TB of stolen data.

The Australia Centre cyber security also issued an information report that after a slight slump in activity, the Lockbit ransomware group has resumed operations. Members of the group are actively exploiting existing vulnerabilities Fortinet in FortiOS and FortiProxy products to gain access to victims' networks, the report said.^[2]

2020

Revenue growth 3% to $ US44.3 billion

Accenture on September 25, 2020 reported to TAdviser its results of operations for the fiscal year 2020 ended August 31. Accenture's annual revenue was $44.3 billion, up 3% on last year's figure in U.S. dollars and 4% in national currency. Revenue growth for the quarter was down about 1 percentage point due to lower revenue from travel reimbursement.

Photo source: inobr.misis.ru]]

Diluted earnings per share came in dollar at 7.89, up 7% from last year (including $0.43 from earnings earned from investments).

Operating margin reached 14.7%, 10 basis points higher than in 2019. Operating income was $8.72 billion. Free cash flow was $7.6 billion. The company received orders worth US $49.6 billion.

Accenture's 2020 financial performance demonstrates the relevance of our growth strategy, the sustainability of our business and workforce competencies, organized business management, and strong relationships with leading global companies and ecosystem partners. Our ability to grow rapidly to meet customer needs and business practices has been reflected in strong performance - with orders approaching $50 billion. We also continued to deliver market-leading revenue growth, high profitability and better-than-expected free cash flow. We are in a favorable position, allowing us to continue to expand market share, benefit customers, share success with all interested parties. -reflected Julie Sweet, CEO (CEO) of Accenture.

Revenue by line of business:

• Communications, media and technology: $8.88 billion, an increase of 1% in US dollars and 3% in national currency (compared to fiscal year 2019).
• Services for organizations: financial sector$8.52 billion, at the same level in US dollars and an increase of 2% in national currency.
• Health and public services: $8.02 billion An increase of 12% in US dollars and 13% in national currency.
• Product area: $12.27 billion An increase of 2% in US dollars and 3% in national currency.
• Natural resources: $6.61 billion Reduction of 2% in US dollars and maintaining revenue at the same level in national currency.

Revenue by Region:

• North America: $20.98 billion, up 5% in US dollars and local currency compared to fiscal 2019.
• Europe: $14.4 billion, a 2% reduction in US dollars and the preservation of volume in national currency.
• Emerging markets: $8.94 billion, an increase of 5% in US dollars and 8% in national currency.

Cloud First Unit Launch

On September 24, 2020, Accenture announced the launch of the Cloud First division to accelerate digital transformation of customers and the transition to cloud technologies. Cloud First's goal is to help customers quickly rebuild to work in the cloud and accelerate digital transformation. Karthik Narain will lead Accenture Cloud First from October 1, 2020.

COVID-19 was a turning point that requires companies to accelerate their transition to cloud technologies in order to increase business sustainability, trust and speed, as well as reduce costs. narrated by Julie Sweet, Accenture Chief Executive Officer

According to the company, Accenture Cloud First - as of September 2020, it is a multi-service group of 70,000 cloud computing specialists with knowledge of industry solutions and technologies, a wide ecosystem of partners who are used to train and improve the skills of customer employees - all this allows companies to solve problems to achieve business value from using clouds.

This division has experience in the field of modernization and operation of large IT infrastructures and key business processes in the field of finance, HR, marketing, supply chains in specific industries. Edge computing integrated with the cloud will also be one of the key areas of activity.

Accenture Cloud First will combine expertise in change management and cloud operating models to create a sustainable customer business, taking into account security issues, personal data preservation, responsible use of AI, ethics and compliance.

Investments in the development of the division will be directed to joint projects with partners:

• development of roadmaps, data models and solutions in the field of cloud AI solutions and architectures;
• Create an integrated full-stack infrastructure and applications
• Develop cloud tools, assets, and automation tools to reduce unit costs for innovation
• for research and development in cloud computing and related technologies.

Accenture Cloud First chief Kartik Narain is a tech industry executive living in Silicon Valley. He took over Accenture Technology's North American division.

Cloud is a valuable technology of our time for September. As of September 2020, most companies are only 20% in the cloud. An 80% transition is a scale change that requires another model to be created. stated Paul Daughter, CEO of Accenture Technology Group

Global demand for cloud computing has grown sharply due to the COVID-19 pandemic. According to Gartner, the global public cloud services market will grow by 6.3% in 2020 and amount to $257.9 billion, compared to $242.7 billion in 2019.

The active use of cloud technologies did not bypass Russian companies. The pandemic situation has increased demand for clouds. Significant gains were received by those players who were able to quickly transfer employees to remote work mode, using cloud services for online interaction. The large demand for cloud technologies, constrained by limited access to the clouds of global providers, is beginning to be satisfied with the growing capabilities of local Russian providers. For September 2020, companies that previously used clouds only as a minor addition to their own IT infrastructure are beginning to actively transfer an increasing amount of their IT systems to local providers. At the same time, they gain the capabilities of cloud technologies, complying with all legal requirements and internal interests noted Evgeny Filatov, Head of Intelligent Cloud & Infrastructure at Accenture in Russia

Dismissal of 25,000 employees worldwide

On August 25, 2020, it became known that Accenture intends to reduce 25 thousand employees around the world. As of the end of August, the company employs about 500 thousand people. Thus, layoffs will affect 5% of the state. Some of the employees were fired in early August 2020.

In addition, Accenture is considering cutting another 250 employees in Australia (about 5% of the local staff, which is 5 thousand people). These are those employees that the company clearly does not need, those who do not bring tangible benefits to the company.

Accenture management intends to assess the benefits of these employees. And if it is proved that they do not carry it, they will also fall under the reduction.

The head of the company, Juli Sweet, admitted in her video message to employees that they would like to avoid staff reductions, but the measures taken to reduce costs, including reducing the number of subcontractors, refusing to hire new employees and reducing travel costs, did not lead to the required results.

Accenture, which provides consulting services to enterprises, fully felt the consequences of the COVID-19 pandemic, which led to a drop in demand for its services.

Sweet said demand for Accenture consultants, expressed in the number of working hours, had fallen below 90% of the nominal.

In a typical year, we replace about 5% of our staff: this share of consultants is leaving, and new ones are coming in their place. This happens when there is demand. But now we are not in this position. And these 5% just have to leave the company, without hiring new employees in their place. So we will be able to continue our work and keep the required number of people in the state for the time when demand returns, "said Sweet.

As of mid-August 2020, three of the four largest consulting firms have announced massive staff cuts. Deloitte has cut more than 7,000 jobs in the United States, Australia and India, KPMG - 200 people, PwC - about 250 positions.

Consulting companies faced a drop in demand from private sector clients due to the transfer of large projects. This was partially offset by rising demand from the public sector.^[3]

Opening of an international innovation center for the analysis of the operational situation in Singapore

Accenture has opened an international innovation center for operational analysis in Singapore to help organizations responsible for public safety develop solutions to predict and eliminate public threats. This became known on January 29, 2020. The center will be a point of joint development of advanced solutions to help organizations in the Asia-Pacific region and other countries of the world protect citizens.

This is the first Accenture innovation center to develop technologies for analyzing the operational environment, allowing customers to responsibly use modern technologies (AI, the Internet of Things, blockchain, augmented and virtual reality).

During the work, Accenture will cooperate with leading technology companies, including the center's strategic partner, an analytical supplier. software SAS Together, companies will develop situation-oriented solutions that support the activities of public safety organizations.

To solve the problems faced by public safety agencies, the specialists of the innovation center will use the design thinking methodology. Systems for analyzing the operational situation based on modern analytics and artificial intelligence technologies will allow you to convert data collected by state-of-the-art and public organizations into valuable information in real time.

Raising awareness of the environment is crucial for organizations responsible for public safety. This allows you to better anticipate threats and risks, respond faster to incidents related to public safety. Using technology responsibly, organizations will be able to better anticipate incidents related to public safety and more effectively provide services to citizens, commented on the news James Slessor, global director of Accenture Public Safety

The Accenture Innovation Centre is supported by the Singapore Economic Development Council (EDB).

Accenture and Singapore have forged strong partnerships to develop systems, infrastructure and services critical to public safety. We are pleased that Accenture has chosen Singapore as the location for its first innovation hub dedicated to situational awareness technologies and we look forward to working with other like-minded companies to accelerate innovation and commercialisation of public safety systems, noted Don Lim, Director of Commercial and Professional Services, Economic Development Council of Singapore.

{{quote 'author = summed up by Wee Wei Ng, Director of Accenture Health & Public Service in Singapore' As Singapore's Smart Nation Initiative changes public service delivery, digitalization is becoming more relevant to our customers' core activities. Our centre provides government agencies with the opportunity to collaborate with both each other and the private sector. And apply innovations that will increase situational awareness and accelerate the process of digital transformation, }}

2019

Revenue growth by 5% to $43.2 billion, net profit - $4.85 billion

In fiscal 2019, which ended on August 31, 2019, Accenture's revenue reached $43.2 billion, which is 5% higher than a year ago. If we do not take into account fluctuations in exchange rates, then the company's sales rose by a record 8.5%, which was facilitated by cloud, digital and information security solutions.

Accenture's annual consulting business was $24.2 billion, an increase of 5% compared to the previous year.

The division responsible for outsourcing services completed the 2019 fiscal with a turnover of $19 billion, which is 6% more than a year earlier.

Accenture still earns the most in North America. In fiscal 2019, the company's revenue in the region reached $19.99 billion, an increase of 8% on an annualized basis.

In Europe, a 5 percent increase was registered, to $14.68 billion, and the so-called "emerging markets" brought the company $14.63 billion, which is approximately the same as a year ago.

Accenture's revenues in the technology, telecommunications and media sectors amounted to $8.76 billion, an increase of 6% compared to the 2018 reporting year.

In the financial services market, the company received $8.49 billion in revenue, which is 1% more than the previous year.

In the public sector and healthcare, Accenture provided services worth $7.16 billion, beating the 2018 fiscal year by 4%.

In the product direction, revenue from year to year increased by 6% and amounted to $12 billion. In the field of natural resources, Accenture earned $6.77 billion against $5.94 billion in fiscal 2018, an increase of 14%.

At a conference on quarterly results, Accenture Key Si Makklyur Chief Financial Officer (KC McClure) said revenues from digital, cloud and information security services have grown at double-digit rates.

For at least 10 years, the company's revenue has been steadily increasing. Net profit is also growing: in 2019, it amounted to $4.85 billion against $4.21 billion in 2018.^[4]

Accenture capitalization - about $100 billion. USA More than 482,000 Accenture employees work in 120 countries.

Global leaders, among them more than ¾ of the 500 largest companies in the world (by Fortune Global 500 rating), work with Accenture in more than 40 industries.

Opening of permanent office in Kazakhstan

Accenture on December 6, 2019 announced the opening of a permanent office in Kazakhstan. Thus, the company, which has been implementing projects in the Kazakhstan market for more than 10 years, plans to ensure easy availability of its technologies and services for local customers in the region and confirms long-term plans to expand its business in Central Asia.

Over the 10 years of its presence in the Kazakh market, the company has implemented more than 30 projects, including the concept of a financial marketplace, developed jointly with the Astana International Financial Center and a number of IT solutions for the financial and mining sector. Working with clients in these sectors of the economy will become the main focus of the newly opened office.

The growing prospects of Kazakhstan, both geographical - one of the largest transport and logistics hubs in Eurasia, and economic - a gradual transformation into a post-industrial digital economy - allow us to highly assess the growth potential of Kazakhstani business in various sectors of the economy, - said Vartan Dilanyan, Accenture CEO in Russia and Kazakhstan. - Our customers expect support from us on the path of digital transformation to promote economic growth. Opening an office in Kazakhstan, we provide the opportunity to closely cooperate with them in a number of areas, combining our industry know-how with the latest technological achievements.

Accenture's expertise in digital transformation and optimization business processes in industries such as the financial sector, mining and processing, is in industry retail demand in Kazakhstan, for whose economy these industries are key, said Anton Mussin Accenture Managing Director for Russia and Kazakhstan. - Key players of the Kazakh market understand the importance of digitalization and are open to changes that will help them become highly competitive at the regional and world levels. The opening of the office will allow Accenture to plan operations in Kazakhstan in the long term and establish strong partnerships with Kazakh companies.

Julie Sweet is Accenture's new CEO

On July 11, 2019, Juli Sweet was named Accenture's new CEO to replace Pierre Nanterme, who had died a few months earlier. Read more here.

Create Accenture Microsoft Business Group

In early February 2019, Accenture, Microsoft and Avanade announced the creation of a joint company Accenture Microsoft Business Group, which will promote Microsoft corporate products. This project was Microsoft's largest investment in the partner business. Read more here.

CEO resignation due to cancer

On January 11, 2019 , Accenture announced the resignation of CEO Pierre Nanterme. It is noted that the head quit for health reasons. In 2016, doctors diagnosed Pierre Nanterme with colon cancer. Then he underwent surgery to remove the tumor. Read more here.

2018: Revenue growth 14% to $39.6 billion

In the 2018 fiscal year, which ended on August 31, 2018 calendar, Accenture received revenue of $39.6 billion, which is 14% more than a year earlier. Excluding currency fluctuations, incomes rose 10.5%.

The consulting division registered sales at $21.6 billion, which is 15% higher than a year ago. The volume of outsourcing business during this time jumped by 12%, reaching $18 billion.

If we divide Accenture's business depending on the markets that the company's customers represent, then the Communications, Media & Technology division showed the largest increase in revenues - by 17% to $8.03 billion. However, the largest share of revenue still comes from the financial sector: in 2018, the company earned $8.24 billion on such customers, which is 11% more than a year earlier.

The public sector and healthcare provided Accenture with about $6.7 billion in revenue against $6.18 billion in 2017. In the areas of Products and Resources, revenues amounted to $10.9 billion and $5.7 billion, respectively.

From a regional point of view, North America is the leader in revenue, where the company received 10% more in 2018 ($17.85 billion) than a year earlier. In Europe, sales increased by 18%, reaching $14.1 billion.

In the direction of The New, which, among other things, covers information security  (information security) services, digital and cloud services, revenue amounted to $23 billion (an increase of 25% compared to fiscal 2017). Here the company began to generate about 60% of its income.

Accenture's annual net profit increased from $3.63 billion to $4.21 billion. It could have been higher if not for the update of American tax legislation, due to which the company was forced to write off about $258 million at a time. True, in the 2017 fiscal year there were large one-time expenses - the company spent $312 million on paying taxes related to pension contributions.^[5]

2017

Revenue growth thanks to digital and cloud services

Accenture saw a 6% increase in revenue in fiscal 2017, driven by its fast-growing cloud and digital businesses. However, the company's profits shrank due to the tax burden.

For the 12-month reporting period, which ended on August 31, 2017, Accenture's revenue amounted to $34.9 billion against $32.9 billion a year earlier.

Net profit during this time fell to $3.6 billion from $4.3 billion. The payment of $312 million in taxes related to pension contributions affected here.

The main stimulant of the company's financial recovery is The New, which, among other things, covers  the markets for information security (IS), digital and cloud services. Annual revenue here jumped 30%, reaching $18 billion. The New accounted for more than half of the company's turnover for the year.

Over the reporting year, Accenture spent about $1.8 billion on acquisitions of companies related to IB-, cloud and digital services. As the Reuters news agency notes, the company is increasingly taking market shares from competitors such as Cognizant Technology Solutions and IBM, due to the earlier development of the digital environment.^[6]

In fiscal 2017, the consulting business brought Accenture $18.8 billion in revenue, which is 5% more than a year ago. Revenues in the outsourcing direction increased by 7% to $16.1 billion.

The largest market for Accenture remains North America, where the company earned $16.29 billion in fiscal 2017 against $15.65 billion in 2016. In Europe, turnover increased by 4% and amounted to $11.93 billion.

In emerging markets, to which Accenture includes Russia, there was a rise of 15% to $6.63 billion.

After the financial statements were released, the company's shares fell 1.3% in price, although Accenture's revenue was above Wall Street expectations.

About Merging with Oracle

At the end of March 2017, information appeared about the merger of Oracle and Accenture. It's about a deal worth tens of billions of dollars. True, Oracle categorically denies rumors.

According to The Register, citing its own informants, Oracle has turned to world-class specialists to study the possibility of buying Accenture. The hired experts are considering not only the financial aspects of the potential deal, but also the "synergy that could be created" if Oracle and Accenture were merged.

The companies have been working closely since 2015. They have created a business group that helps customers move their local IT infrastructure to the cloud.

In recent years, Oracle has been actively developing the cloud business. If Accenture is purchased, the software corporation could provide customers with all kinds of consulting and professional services they need to migrate to cloud computing without the help of system integrators, notes The Register.

At the same time, as the interlocutor of the portal clarifies, negotiations on the merger of Oracle and Accenture by the end of March 2017 are underway only at the intelligence level. If we compare the process of concluding an agreement on the acquisition of Accenture with a 100-meter race, then Oracle ran only 10-15 meters, the source added.

If companies do come together, then this deal will be the largest in the IT industry. Accenture's market capitalization at the time of publication of The Register was $77.5 billion. At the same time, Oracle has only $68.4 billion of its own funds.^[7]

Business Insider contacted Oracle for comment on the emerging Accenture takeover data. Oracle spokeswoman Deborah Hellinger made the following statement:

Accenture hearing is completely untrue. It's never even been considered. This is an absolute fiction.[8]

$1 billion investment in IT retraining

In March 2017, Accenture announced an investment of almost $1 billion in retraining all of its IT employees. The company wants its staff to better understand and work with cloud computing, artificial intelligence and robotic systems.

By the end of March 2017, Accenture employs more than 400 thousand people. Half of this staff is information technology-related employees.

According to the CRN edition with reference to the CEO and Chairman of the Board of Directors of Accenture Pierre Nanterme (Pierre Nanterme), in 2016 more than 70 thousand. IT employees have been trained in new architectures, intelligent platforms, and automation. The remaining 130 thousand people are planned to be retrained over the next two years. The total costs for these purposes will amount to $900 million, said the head of Accenture.

The large-scale transformation of our business requires a very large investment in our people, who should have the most suitable skills to work with clients today and tomorrow, "Pierre Nanterm told analysts at a conference convened in connection with the publication of Accenture's quarterly reporting.

According to the head, Accenture develops all educational and educational initiatives in the digital space, which allows you to achieve maximum cost savings. Due to highly qualified training, the company will also be able to attract the best specialists in the market, Nanterm added.

CRN notes that the investment in staff training is part of Accenture's massive strategy to develop digital and cloud services, as well as services in the information security market. This business brought the company 45% of revenue (about $8 billion) in the first half of fiscal 2017 (this reporting period ended on February 28, 2017).^[9]

Creating 15,000 jobs in the United States

In February 2017, Accenture reported a third increase USA in headcount over three years. Thus, the company responded to the calls of the American president to develop Donald Trump (Donald Trump) the labor force in the country by business.

According to Accenture, by the end of 2020, the company will create about 15 thousand new jobs in the United States - up to more than 65 thousand. In addition, it is planned to spend $1.4 billion on training employees in the country.

Accenture's plans also include opening 10 innovation centers in various American cities to help the company attract and work with new customers as part of business transformation using new technologies such as advanced analytics, IoT solutions and robotics.

I am very happy that we are providing our people with more opportunities to participate in the development of one of the most dynamic parts of the American economy. Today is a key moment for Accenture to help our customers play an even more important role in the country's growth and innovation, "said Julie Sweet, head of Accenture's North American representative office.

The American market is very important to Accenture as it generates nearly half of the company's revenue. As of February 2017, Accenture employs more than 394 thousand employees worldwide.

Accenture and other US IT companies have come under pressure from Donald Trump's policies to create new US jobs. The President stated that in 10 years he will be able to create about 25 million new jobs in the country. In 2016, they were created in the amount of 2.2 million.

The US Congress plans to oblige companies to double the salaries of employees who are invited from abroad on H-1B work visas. Such an initiative will make attracting foreign specialists less attractive. Accenture has about 140 thousand employees in India, the company is actively transferring them to the United States.^[10]

2016: Revenue growth 6% to $32.9 billion

On September 29, 2016, Accenture published its Fiscal Year 2016 Performance Report. According to Reuters, the company's revenues were higher than market expectations due to the return on investment in digital and cloud services.

For the 12-month reporting period, which ended on August 31, 2016, Accenture's revenue amounted to $32.9 billion, which is 6% more than a year earlier. Excluding currency fluctuations, turnover jumped 10.5%.

The company's net profit increased from $3.27 billion in 2015 to $4.35 billion a year later. Operating profit reached $4.81 billion, and operating profit margin - 14.6%. The volume of new orders was measured at $35.4 billion.

In June-September 2016, Accenture received $8.49 billion in revenue and $1.31 per share in profit, while analysts surveyed by Thomson Reuters I/B/E/S expected indicators of $8.43 billion and $1.32 per share, respectively. Results above Wall Street forecasts contributed to Accenture's 5.4% higher quotations on September 29, 2016.

In the structure of annual revenue, revenues from consulting services Accenture amounted to $17.9 billion, an increase of 10% on an annualized basis. In constant currencies, there was a 15 percent increase.

The outsourcing division Accenture recorded revenue of $15 billion, which is 1% more than a year ago (growth in constant currencies - by 6%).

The Accenture report said The New's direction, which covers the information security, digital and cloud services markets among other things, brought the company 40% of revenue in 2016 fiscal, up from 30% a year earlier. Over the year, Accenture made acquisitions totaling $930 million, of which 70% of the money was spent on the purchase of companies whose activities belong to The New areas.

Accenture's most profitable market remains North American. In fiscal 2016, the company earned $15.65 billion there, which is 10% more than the previous year. In Europe, revenues rose 5% to $11.45 billion.

The so-called growing markets, to which Accenture includes Russia, brought the company revenue of $5.8 billion - 2% less than in fiscal year 2015. The company's revenues on the Russian market were not specified.^[11]

2015: Accenture Oracle Business Group established

In May 2015, Accenture and Oracle created a business group to work together to help customers master cloud technologies to achieve the goals of transforming their business and applying the digital model. Within the group, Accenture and Oracle will deliver Oracle Cloud-based industry solutions to help customers accelerate cloud benefits and minimize risk. Accenture Oracle Business Group will combine the technologies, skills and expertise of both companies to provide customers with the ability to deploy and leverage cloud solutions faster and more easily than ever before.

Accenture Oracle Business Group simplifies and makes attractive the process of acquiring Accenture solutions based on Oracle Cloud technologies. As a result, customers will be able to respond more dynamically to changes in business conditions and the economic environment using complete industry solutions designed to meet specific business needs. The new group will bring to market innovative solutions for different industries, starting with the financial and public sectors, as well as the restaurant and hotel business.

The group's solutions will be based on delivering Oracle SaaS and PaaS technologies through the Accenture Foundation Platform for Oracle - a multi-component development and integration template in Oracle Cloud. These solutions include:

• Integrated enterprise-class cloud products and a catalog of trusted services to simplify cloud migration and accelerate innovation.
• Accenture and Oracle resources, including 52,000 qualified Oracle technology consultants worldwide and 20,000 technology professionals. Java These resources fully support the provision and technical support of hardware, binder ON , and software products to make it easier for customers to enter the cloud.
• Templates such as cloud readiness assessment tools and tools for data migration, testing, and training that will reduce the time and risk associated with implementing solutions and shifting the focus to innovation and growth.
• Vertical solutions and enhancements designed to reduce customization by meeting industry and customer needs.

The Accenture Oracle Business Group will include industry experts and top solution development and delivery professionals, as well as a team of marketing, sales, and maintenance professionals. Accenture and Oracle will work together to identify business needs, develop solutions, implement market acquisition strategies, and assist customers in implementing new cloud solutions to achieve business-to-digital transformation goals.

2012

2012 fiscal year (September 01, 2011 - August 31, 2012).

• As of June 2012, the total staff of the organization is 246 thousand, of which 5 thousand are top management.

In December 2011, Accenture announced the results of the first quarter of fiscal year 2012:

• Revenue rose 17% in US dollars and 14% in national currency to $7.1 billion;
• Operating profit rose 19% to $981 million, with an operating margin of 13.9%;
• The volume of new orders amounted to $7.8 billion, of which consulting orders - $4.2 billion, outsourcing orders - $3.6 billion;
• Accenture expected a 7-10% increase in revenue in national currency for the 2012 fiscal year.

The Accenture Software Authority is developing differentiated products at this time. The division offers software solutions.

Commenting on financial performance, Accenture CEO Pierre Nanterme noted:

"We are pleased with the results achieved in the first quarter - we received a record revenue in the history of the company with double-digit growth in national currency in five operating groups of the company and all three geographical regions of presence in the world. Earnings per share and operating profitability increased, and a serious volume of new orders was received.

2011

Revenue record $25.5 billion

According to the results of the full 2011 financial year (September 01, 2010 - August 31, 2011), the company's net revenue amounted to a record $25.5 billion, increasing by 18% in US dollars and by 15% in local currency in relation to the results of the 2010 financial year. The company's operating profit was 13.6%, an absolute record. The operating cash flow increased to $3.4 billion, and the free cash flow to $3.0 billion, which exceeded the company's expectations by more than $300 million. The portfolio of new orders reached $28.8 billion.

Accenture Managing Director Pierre Nanterme noted:

"We are

very pleased with the growth dynamics that are observed across all divisions of the company. In addition, over the year, we increased the free flow of funds to $3 billion, which made it possible to pay our shareholders more than $2.8 billion in dividends, as well as by repurchasing shares. At the same time, we ended this year with an exceptionally strong balance sheet. Analyzing the existing economic environment, we see that demand for our services remains very high. "

As of October 2011, about 236,000 Accenture employees work in more than 120 countries worldwide.

By this time, Accenture has industry experience in all key business areas: strategic planning, optimization, business processes customer relationship management, logistics process management, human resources management, financial management, implementation and information technology - outsourcing processes.

Accenture provides services in the following industries:

• financial services sector,
• telecommunications and high technology,
• chemical industry,
• oil and gas industry,
• natural resources,
• electric power industry,
• automotive industry,
• consumer goods and services,
• the pharmaceutical industry and the manufacturing of medicinal products,
• retail,
• transportation and tourism services.

The company develops the latest business technologies in specialized business integration centers created in the USA, Europe, Japan and Australia.

The company has its corporate training center in Chicago.

Outsourcing Symbian OS development and including 3,000 Nokia employees

In April 2011, Accenture and the world's largest mobile phone manufacturer Nokia announced a strategic partnership. As part of the Accenture agreement, tasks for working with the Symbian operating system were outsourced, while 3,000 Nokia employees were transferred to Accenture. Accenture also took over the development of software for Nokia smartphones.

The final stage of agreement agreement took place in the summer of 2011, the process of transferring Nokia employees to Accenture was completed before the end of 2011. Initially, Nokia employees from China, Finland, India, the United Kingdom and the United States to be transferred will be involved in working on the Symbian project for Nokia. In the future, Accenture and Nokia plan to retrain and redistribute the transferred specialists.

The agreement also provides for plans to involve Accenture in the development of software for the Windows Phone platform, as well as further work on operational support for the project in the interests of Nokia and other participants. As part of the agreement, Accenture became Nokia's preferred smartphone development partner as well as a privileged service provider. Accenture and Nokia have collaborated since 1994.

2010: Pierre Nanterme - new CEO

On December 15, 2010, Accenture announced the board's decision to appoint Pierre Nanterme as chief executive officer. He took office on January 1, 2011. Pierre Nanterme joined the board of directors of the company since the announcement of the appointment.

William D. Green, currently combining the post of Accenture chief executive officer with the duties of chairman of the board of directors, continued his work as chairman.

2008: Revenue - $23.39 billion and 186 thousand employees

• Revenue - $23.39 billion
• Net income - $1.69 billion

The company's staff of over 186 thousand people is distributed among 120 countries of the world.

1989: Arthur Andersen natives start company

In 1989, Accenture was founded by immigrants from the audit company Arthur Andersen.

Notes