Accenture revenue grows 5% to $11.1 billion in Q4

Accenture reported revenues of $11.1 billion (+5 percent) in the fourth quarter in fiscal year ended Aug. 31, 2019.
Accenture digital strategyOperating margin for the fourth quarter of fiscal 2019 was 14.2 percent, an expansion of 20 basis points.

Accenture’s consulting revenues were $6.19 billion (+5 percent), while outsourcing revenues were $4.87 billion (+6 percent) in Q4.

Accenture’s revenue from Communications, Media & Technology was $2.22 billion (+4 percent).

Accenture’s revenue from Financial Services was $2.12 billion (+2 percent).

Accenture’s revenue from Health & Public Service was $1.88 billion (+7 percent).

Accenture’s revenue from Products was $3.09 billion (+6 percent).

Accenture’s revenue from Resources was $1.73 billion (+9 percent).

Accenture has generated Q4 revenue of $5.23 billion (+8 percent) from North America, $3.57 billion (flat in U.S. dollars) from Europe and $2.26 billion (+9 percent) from Growth Markets including China and India.

Accenture has reported revenues of $43.2 billion (+5 percent) for the full fiscal year. The company’s operating margin for fiscal 2019 was 14.6 percent, an expansion of 20 basis points.

Accenture spent $1.2 billion in FY2019 to acquire 33 companies. Twenty acquisitions were in areas of digital and security. Accenture acquired four companies in financial services to increase industry expertise. Inorganic revenues contributed 2 percent in FY2019. Accenture has guided for 2 percent growth from acquisitions in FY2020.

Accenture has 200 diamond clients. The company had 16 deal bookings of over $100 million in 4QFY19.

Accenture indicated that clients are embarking on enterprise-wide transformation initiatives. These require scale, depth and breadth of capabilities, which only a few large companies can deliver. Accenture is well-positioned in such large and strategic programs since it can bring together an entire set of capabilities from strategy to operations.

Accenture reported that all verticals have potential to grow in mid-to-high single-digit range in FY2020.

Related News

Latest News

Latest News