-- For the fourth quarter, revenues increase
15% in U.S. dollars and 22.4% in local currency, to $15.4 billion;
operating margin expands 10 basis points to 14.7%; EPS increase 18%
to $2.60 --
-- For full fiscal year, revenues are $61.6
billion, a record increase of 22% in U.S. dollars and 26% in local
currency; operating margin expands 10 basis points to 15.2 --
-- For full fiscal year, EPS are $10.71, a 17%
increase from $9.16 for fiscal 2021 and a 22% increase from
adjusted fiscal 2021 EPS of $8.80, which excluded $0.36 in gains on
an investment --
-- Free cash flow is $3.6 billion for fourth
quarter and a record $8.8 billion for full year --
-- New bookings are $18.4 billion for fourth
quarter and a record $71.7 billion for full year, a 21% increase in
U.S. dollars and 25% increase in local currency over full-year
fiscal 2021 new bookings --
-- 15% increase in quarterly dividend to $1.12
per share; Board of Directors approves $3.0 billion of additional
share repurchase authority --
-- For fiscal year 2023, Accenture expects
revenue growth of 8% to 11% in local currency and diluted EPS of
$11.09 to $11.41 --
Accenture (NYSE: ACN) reported financial results for the fourth
quarter and full fiscal year ended Aug. 31, 2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220922005199/en/
Accenture Q4 Earnings Infographic
(Graphic: Business Wire)
For the fourth quarter, revenues
were $15.4 billion, an increase of 15% in U.S. dollars and 22.4% in
local currency compared with the fourth quarter of fiscal 2021.
Diluted earnings per share were $2.60, an 18% increase from $2.20
last year. Operating margin for the fourth quarter of fiscal 2022
was 14.7%, an expansion of 10 basis points from the fourth quarter
of fiscal 2021. Operating cash flow was $3.8 billion and free cash
flow was $3.6 billion. New bookings were $18.4 billion.
For the full fiscal year, revenues
were $61.6 billion, a record increase of 22% in U.S. dollars and
26% in local currency compared with fiscal 2021. Diluted earnings
per share increased 17% to $10.71 from $9.16 last year, which
included gains on an investment of $0.36. Excluding these pre-tax
gains, EPS increased 22% from adjusted EPS of $8.80 in fiscal 2021.
Operating margin for fiscal 2022 was 15.2%, an expansion of 10
basis points. Operating cash flow for fiscal 2022 was $9.5 billion
and free cash flow was a record $8.8 billion. New bookings were a
record $71.7 billion.
Julie Sweet, chair and CEO, Accenture, said, “Our exceptional
performance in fiscal 2022 is a testament to our ability to create
enduring 360° Value for all our stakeholders: clients, people,
shareholders, partners and communities. The depth, breadth and
relevance of our services uniquely position us to help our clients
achieve resilience, agility and growth across every part of the
enterprise. Records across all financial metrics - new bookings,
revenues, EPS and cash flow, reflect the continued successful
execution of our growth strategy. We delivered these results while
proudly making progress on our sustainability goals, including
advancing inclusion and diversity; exceeding 85% renewable
electricity use in our offices and centers globally; and continuing
to make a positive impact on the communities where we work and
live. I want to thank our 721,000 incredibly talented people, whose
dedication and passion make us a trusted partner to our clients as
we help them embrace today’s accelerated pace of change.”
Financial Review
Fourth Quarter Fiscal 2022
Revenues for the fourth quarter of fiscal 2022 were $15.4
billion, compared with $13.4 billion for the fourth quarter of
fiscal 2021, an increase of 15% in U.S. dollars and 22.4% in local
currency and at the upper end of the company's guided range of
$15.0 billion to $15.5 billion. The foreign-exchange impact for the
quarter was approximately negative 7.5%, compared with the
assumption of a negative 8% impact provided in the company’s
third-quarter earnings release.
- Consulting revenues were $8.33 billion, an increase of 14% in
U.S. dollars and 22% in local currency compared with the fourth
quarter of fiscal 2021.
- Outsourcing revenues were $7.09 billion, an increase of 16% in
U.S. dollars and 23% in local currency compared with the fourth
quarter of fiscal 2021.
Diluted EPS for the fourth quarter were $2.60, an increase of
$0.40 or 18% from $2.20 for the fourth quarter last year. The $0.40
increase in EPS reflects:
- a $0.36 increase from higher revenue and operating
results;
- a $0.02 increase from lower non-operating expense;
- a $0.02 increase from a lower share count; and
- a $0.01 increase from a lower effective tax rate;
partially offset by
- a $0.01 decrease from higher non-controlling interests.
Gross margin (gross profit as a percentage of revenues) for the
fourth quarter was 32.1%, compared with 33.3% for the fourth
quarter of fiscal 2021. Selling, general and administrative
(SG&A) expenses for the fourth quarter were $2.68 billion, or
17.4% of revenues, compared with $2.51 billion, or 18.7% of
revenues, for the fourth quarter of fiscal 2021.
Operating income for the fourth quarter of fiscal 2022 was $2.27
billion, or 14.7% of revenues, compared with $1.96 billion, or
14.6% of revenues, for the fourth quarter of fiscal 2021. Operating
margin for the fourth quarter of fiscal 2022 expanded 10 basis
points.
The company’s effective tax rate for the fourth quarter was
24.6%, compared with 25.0% for the fourth quarter of fiscal 2021.
Net income for the quarter was $1.69 billion, compared with $1.44
billion for the fourth quarter of fiscal 2021. Operating cash flow
for the fourth quarter was $3.79 billion, and property and
equipment additions were $177 million. Free cash flow, defined as
operating cash flow net of property and equipment additions, was
$3.61 billion. For the same period of fiscal 2021, operating cash
flow was $2.44 billion, property and equipment additions were $236
million, and free cash flow was $2.20 billion.
Days services outstanding, or DSOs, were 43 days at Aug. 31,
2022, compared with 38 days at Aug. 31, 2021.
Accenture’s total cash balance at Aug. 31, 2022 was $7.9
billion, compared with $8.2 billion at Aug. 31, 2021.
New Bookings
New bookings for the fourth quarter were $18.4 billion, an
increase of 22% in U.S. dollars and 31% in local currency from the
fourth quarter last year.
- Consulting new bookings were $8.4 billion, or 46% of total new
bookings.
- Outsourcing new bookings were $9.9 billion, or 54% of total new
bookings.
Revenues by Geographic Market
Revenues by geographic market for the fourth quarter were as
follows:
- North America: $7.52 billion, an increase of 18% in both U.S.
dollars and local currency compared with the fourth quarter of
fiscal 2021.
- Europe: $4.80 billion, an increase of 12% in U.S. dollars and
26% in local currency compared with the fourth quarter of fiscal
2021.
- Growth Markets: $3.10 billion, an increase of 13% in U.S.
dollars and 26% in local currency compared with the fourth quarter
of fiscal 2021.
Revenues by Industry Group
Revenues by industry group for the fourth quarter were as
follows:
- Communications, Media & Technology: $3.08 billion, an
increase of 16% in U.S. dollars and 23% in local currency compared
with the fourth quarter of fiscal 2021.
- Financial Services: $2.94 billion, an increase of 13% in U.S.
dollars and 22% in local currency compared with the fourth quarter
of fiscal 2021.
- Health & Public Service: $2.89 billion, an increase of 15%
in U.S. dollars and 19% in local currency compared with the fourth
quarter of fiscal 2021.
- Products: $4.48 billion, an increase of 16% in U.S. dollars and
25% in local currency compared with the fourth quarter of fiscal
2021.
- Resources: $2.03 billion, an increase of 13% in U.S. dollars
and 21% in local currency compared with the fourth quarter of
fiscal 2021.
Full Year Fiscal 2022
Revenues for the full 2022 fiscal year were $61.6 billion,
compared with $50.5 billion for fiscal 2021, an increase of 22% in
U.S. dollars and 26% in local currency. Revenues for fiscal 2022
reflect a foreign-exchange impact of approximately negative 4%
compared with fiscal 2021.
- Consulting revenues were $34.1 billion, an increase of 25% in
U.S. dollars and 29% in local currency compared with fiscal
2021.
- Outsourcing revenues were $27.5 billion, an increase of 19% in
U.S. dollars and 22% in local currency compared with fiscal
2021.
Diluted EPS for the full 2022 fiscal year were $10.71, an
increase of 17% from $9.16 for fiscal 2021. Excluding pre-tax gains
on an investment of $271 million, or $0.36 per share in fiscal
2021, diluted EPS increased 22% in fiscal 2022, from adjusted EPS
of $8.80 in fiscal 2021. The $1.91 increase in EPS reflects:
- a $2.08 increase from higher revenue and operating
results;
- a $0.06 increase from lower other non-operating expense ;
and
- a $0.05 increase from a lower share count;
partially offset by
- a $0.15 decrease from the loss on the disposition of the
company’s business in Russia;
- a $0.10 decrease from a higher effective tax rate; and
- a $0.03 decrease from higher non-controlling interests.
Gross margin (gross profit as a percentage of revenues) for
fiscal 2022 was 32.0%, compared with 32.4% for fiscal 2021.
Selling, general and administrative (SG&A) expenses for the
full fiscal year were $10.33 billion, or 16.8% of revenues,
compared with $8.74 billion, or 17.3% of revenues, for fiscal
2021.
Operating income for the full fiscal year was $9.37 billion, or
15.2% of revenues, compared with $7.62 billion, or 15.1% of
revenues, in fiscal 2021.
Accenture’s annual effective tax rate for fiscal 2022 was 24.0%,
compared with 22.8% in fiscal 2021. Excluding the investment gains
of $271 million and the related tax expense of $41.4 million, the
effective tax rate for fiscal 2021 was 23.1%.
Net income for the full fiscal year was $6.99 billion, compared
with $5.99 billion in fiscal 2021.
For the full 2022 fiscal year, operating cash flow was $9.54
billion, and property and equipment additions were $718 million.
Free cash flow, defined as operating cash flow net of property and
equipment additions, was $8.82 billion. For fiscal 2021, operating
cash flow was $8.98 billion, property and equipment additions were
$580 million, and free cash flow was $8.40 billion.
New Bookings
New bookings for the full fiscal year were $71.7 billion, an
increase of 21% in U.S. dollars and 25% in local currency from
fiscal 2021.
- Consulting new bookings were $37.9 billion, or 53% of total new
bookings.
- Outsourcing new bookings were $33.9 billion, or 47% of total
new bookings.
Revenues by Geographic Market
Revenues by geographic market for the full fiscal year were as
follows:
- North America: $29.12 billion, an increase of 23% in both U.S.
dollars and local currency compared with fiscal 2021.
- Europe: $20.26 billion, an increase of 21% in U.S. dollars and
29% in local currency compared with fiscal 2021.
- Growth Markets: $12.21 billion, an increase of 21% in U.S.
dollars and 29% in local currency compared with fiscal 2021.
Revenues by Industry Group
Revenues by industry group for the full fiscal year were as
follows:
- Communications, Media & Technology: $12.20 billion, an
increase of 24% in U.S. dollars and 28% in local currency compared
with fiscal 2021.
- Financial Services: $11.81 billion, an increase of 19% in U.S.
dollars and 24% in local currency compared with fiscal 2021.
- Health & Public Service: $11.23 billion, an increase of 18%
in U.S. dollars and 20% in local currency compared with fiscal
2021.
- Products: $18.28 billion, an increase of 27% in U.S. dollars
and 32% in local currency compared with fiscal 2021.
- Resources: $8.08 billion, an increase of 18% in U.S. dollars
and 22% in local currency compared with fiscal 2021.
Returning Cash to
Shareholders
Accenture continues to return cash to shareholders through cash
dividends and share repurchases. In fiscal 2022, the company
returned $6.57 billion to shareholders, including $2.46 billion in
cash dividends and $4.12 billion in share repurchases.
Dividend
On Aug. 15, 2022, a quarterly cash dividend of $0.97 per share
was paid to shareholders of record at the close of business on July
14, 2022. These cash dividend payments totaled $614 million,
bringing dividend payments for the full year to $2.46 billion,
compared with $2.24 billion in fiscal 2021.
Accenture plc has declared a quarterly cash dividend of $1.12
per share, for shareholders of record at the close of business on
Oct. 13, 2022. This dividend, which is payable on Nov. 15, 2022,
represents a 15% increase over the company’s previous quarterly
dividend.
Share Repurchase Activity
During the fourth quarter of fiscal 2022, Accenture repurchased
or redeemed 2.1 million shares, including 2.0 million shares
repurchased in the open market, for a total of $605 million. This
brought total share repurchases and redemptions for the full fiscal
year to 12.2 million shares, including 9.6 million shares
repurchased in the open market, for a total of $4.12 billion.
The company’s Board of Directors has approved $3.0 billion in
additional share repurchase authority, bringing Accenture’s total
outstanding authority to approximately $6.1 billion.
At Aug. 31, 2022, Accenture had approximately 632 million total
shares outstanding.
Business Outlook
First Quarter Fiscal 2023
Accenture expects revenues for the first quarter of fiscal 2023
to be in the range of $15.2 billion to $15.75 billion, an increase
of 10% to 14% in local currency, reflecting the company’s
assumption of an approximately negative 8.5% foreign-exchange
impact compared with the first quarter of fiscal 2022.
Fiscal Year 2023
Accenture’s business outlook for the full 2023 fiscal year
assumes that the foreign-exchange impact on its results in U.S.
dollars will be approximately negative 6% compared with fiscal
2022.
For fiscal 2023, the company expects revenue growth to be in the
range of 8% to 11% in local currency.
Accenture expects operating margin for the full fiscal year to
be in the range of 15.3% to 15.5%, an expansion of 10 to 30 basis
points from fiscal 2022.
The company expects its annual effective tax rate to be in the
range of 23% to 25%.
The company expects diluted EPS to be in the range of $11.09 to
$11.41, an increase of 4% to 7% over FY22 diluted EPS.
For fiscal 2023, the company expects operating cash flow to be
in the range of $8.5 billion to $9.0 billion; property and
equipment additions to be $800 million; and free cash flow to be in
the range of $7.7 billion to $8.2 billion.
The company expects to return at least $7.1 billion in cash to
shareholders through dividends and share repurchases.
360° Value Reporting
Accenture’s goal is to create 360° value for our clients,
people, shareholders, partners, and communities. To enhance
transparency and provide a comprehensive view for all stakeholders,
we have combined our financial and environmental, social and
governance (ESG) reporting into a digital-first experience. To
access our goals, progress and performance, please visit the
Accenture 360° Value Reporting Experience
(www.accenture.com/reportingexperience).
Conference Call and Webcast
Details
Accenture will host a conference call at 8:00 a.m. EDT today to
discuss its fourth-quarter and fiscal year 2022 financial results.
To participate, please dial +1 (877) 692-8955 [+1 (234) 720-6979
outside the United States, Puerto Rico and Canada] and enter access
code 9024690 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 at
www.accenture.com beginning at 11:00 a.m. EDT today, Sept. 22, and
continuing through Friday, Dec. 16, 2022. The replay will also be
available via telephone by dialing +1 (866) 207-1041 [+1 (402)
970-0847 outside the United States, Puerto Rico and Canada] and
entering access code 4002764 from 11:00 a.m. EDT today, Sept. 22,
through Friday, Dec. 16, 2022.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Technology and Operations
services and Accenture Song — all powered by the world’s largest
network of Advanced Technology and Intelligent Operations centers.
Our 721,000 people deliver on the promise of technology and human
ingenuity every day, serving clients in more than 120 countries. We
embrace the power of change to create value and shared success for
our clients, people, shareholders, partners and communities. Visit
us at www.accenture.com.
Non-GAAP Financial
Information
This news 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. Financial results “in local currency” are calculated by
restating current-period activity into U.S. dollars using the
comparable prior-year period’s foreign-currency exchange rates.
Accenture’s management believes providing investors with this
information gives additional insights into Accenture’s results of
operations. While Accenture’s management believes that the non-GAAP
financial measures herein 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. Accenture provides
full-year revenue guidance on a local-currency basis and not in
U.S. dollars because the impact of foreign exchange rate
fluctuations could vary significantly from the company’s stated
assumptions.
Forward-Looking
Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these
forward-looking statements. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied. These
risks include, without limitation, risks that: Accenture’s results
of operations have been, and may in the future be, adversely
affected by volatile, negative or uncertain economic and political
conditions, including the invasion of Ukraine by Russia, the
related sanctions and other measures that have been and continue to
be imposed in response to this conflict, as well as the current
inflationary environment, and the effects of these conditions on
the company’s clients’ businesses and levels of business activity;
Accenture faces legal, reputational and financial risks from any
failure to protect client and/or company data from security
incidents or cyberattacks; Accenture’s business depends on
generating and maintaining ongoing, profitable client demand for
the company’s services and solutions including through the
adaptation and expansion of its services and solutions in response
to ongoing changes in technology and offerings, and a significant
reduction in such demand or an inability to respond to the evolving
technological environment could materially affect the company’s
results of operations; if Accenture is unable to match people and
skills with client demand around the world and attract and retain
professionals with strong leadership skills, the company’s
business, the utilization rate of the company’s professionals and
the company’s results of operations may be materially adversely
affected; the COVID-19 pandemic has impacted Accenture’s business
and operations, and the extent to which it will continue to do so
and its impact on the company’s future financial results are
uncertain; the markets in which Accenture operates are highly
competitive, and Accenture might not be able to compete
effectively; Accenture’s ability to attract and retain business and
employees may depend on its reputation in the marketplace; if
Accenture does not successfully manage and develop its
relationships with key alliance partners or fails to anticipate and
establish new alliances in new technologies, the company’s results
of operations could be adversely affected; Accenture’s
profitability could materially suffer if the company is unable to
obtain favorable pricing for its services and solutions, if the
company is unable to remain competitive, if its cost-management
strategies are unsuccessful or if it experiences delivery
inefficiencies or fail to satisfy certain agreed-upon targets or
specific service levels; changes in Accenture’s level of taxes, as
well as audits, investigations and tax proceedings, or changes in
tax laws or in their interpretation or enforcement, could have a
material adverse effect on the company’s effective tax rate,
results of operations, cash flows and financial condition;
Accenture’s results of operations could be materially adversely
affected by fluctuations in foreign currency exchange rates;
changes to accounting standards or in the estimates and assumptions
Accenture makes in connection with the preparation of its
consolidated financial statements could adversely affect its
financial results; Accenture might be unable to access additional
capital on favorable terms or at all and if the company raises
equity capital, it may dilute its shareholders’ ownership interest
in the company; as a result of Accenture’s geographically diverse
operations and its growth strategy to continue to expand in its key
markets around the world, the company is more susceptible to
certain risks; if Accenture is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture might not be successful
at acquiring, investing in or integrating businesses, entering into
joint ventures or divesting businesses; Accenture’s business could
be materially adversely affected if the company incurs legal
liability; Accenture’s global operations expose the company to
numerous and sometimes conflicting legal and regulatory
requirements; Accenture’s work with government clients exposes the
company to additional risks inherent in the government contracting
environment; if Accenture is unable to protect or enforce its
intellectual property rights or if Accenture’s services or
solutions infringe upon the intellectual property rights of others
or the company loses its ability to utilize the intellectual
property of others, its business could be adversely affected;
Accenture’s results of operations and share price could be
adversely affected if it is unable to maintain effective internal
controls; Accenture may be subject to criticism and negative
publicity related to its incorporation in Ireland; as well as the
risks, uncertainties and other factors discussed under the “Risk
Factors” heading in Accenture plc’s most recent Annual Report on
Form 10-K and other documents filed with or furnished to the
Securities and Exchange Commission. Statements in this news release
speak only as of the date they were made, and 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.
Accenture plc
Consolidated Income Statements
(In thousands of U.S. dollars, except
share and per share amounts)
(Unaudited)
Three Months Ended
Year Ended
August 31, 2022
% of Revenues
August 31, 2021
% of Revenues
August 31, 2022
% of Revenues
August 31, 2021
% of Revenues
REVENUES:
Revenues
$
15,423,656
100.0
%
$
13,419,284
100.0
%
$
61,594,305
100.0
%
$
50,533,389
100.0
%
OPERATING EXPENSES:
Cost of services
10,477,599
67.9
%
8,953,068
66.7
%
41,892,766
68.0
%
34,169,261
67.6
%
Sales and marketing
1,578,243
10.2
%
1,514,969
11.3
%
6,108,401
9.9
%
5,288,237
10.5
%
General and administrative costs
1,099,625
7.1
%
992,558
7.4
%
4,225,957
6.9
%
3,454,362
6.8
%
Total operating expenses
13,155,467
11,460,595
52,227,124
42,911,860
OPERATING INCOME
2,268,189
14.7
%
1,958,689
14.6
%
9,367,181
15.2
%
7,621,529
15.1
%
Interest income
23,087
9,722
45,133
33,365
Interest expense
(12,871
)
(12,977
)
(47,320
)
(59,492
)
Other (expense) income, net
(33,444
)
(37,629
)
(72,533
)
165,714
Loss on disposition of Russia business
—
—
(96,294
)
—
INCOME BEFORE INCOME TAXES
2,244,961
14.6
%
1,917,805
14.3
%
9,196,167
14.9
%
7,761,116
15.4
%
Income tax expense
552,576
480,382
2,207,207
1,770,571
NET INCOME
1,692,385
11.0
%
1,437,423
10.7
%
6,988,960
11.3
%
5,990,545
11.9
%
Net income attributable to noncontrolling
interest in Accenture Canada Holdings Inc.
(1,770
)
(1,538
)
(7,348
)
(6,539
)
Net income attributable to noncontrolling
interests – other (1)
(25,487
)
(19,637
)
(104,443
)
(77,197
)
NET INCOME ATTRIBUTABLE TO ACCENTURE
PLC
$
1,665,128
10.8
%
$
1,416,248
10.6
%
$
6,877,169
11.2
%
$
5,906,809
11.7
%
CALCULATION OF EARNINGS PER
SHARE:
Net income attributable to Accenture
plc
$
1,665,128
$
1,416,248
$
6,877,169
$
5,906,809
Net income attributable to noncontrolling
interest in Accenture Canada Holdings Inc. (2)
1,770
1,538
7,348
6,539
Net income for diluted earnings per
share calculation
$
1,666,898
$
1,417,786
$
6,884,517
$
5,913,348
EARNINGS PER SHARE:
Basic
$
2.63
$
2.24
$
10.87
$
9.31
Diluted
$
2.60
$
2.20
$
10.71
$
9.16
WEIGHTED AVERAGE SHARES:
Basic
632,095,422
633,546,144
632,762,710
634,745,073
Diluted
640,914,760
645,287,973
642,839,181
645,909,042
Cash dividends per share
$
0.97
$
0.88
$
3.88
$
3.52
(1)
Comprised primarily of
noncontrolling interest attributable to the noncontrolling
shareholders of Avanade, Inc.
(2)
Diluted earnings per share
assumes the exchange of all Accenture Canada Holdings Inc.
exchangeable shares for Accenture plc Class A ordinary shares on a
one-for-one basis. The income effect does not take into account
“Net income attributable to noncontrolling interests — other,”
since those shares are not redeemable or exchangeable for Accenture
plc Class A ordinary shares.
Accenture plc
Summary of Revenues
(In thousands of U.S.
dollars)
(Unaudited)
Percent
Percent
Increase
Increase
Three Months Ended
U.S.
Local
August 31, 2022
August 31, 2021
Dollars
Currency
GEOGRAPHIC MARKETS
North America
$
7,523,505
$
6,388,827
18
%
18
%
Europe
4,803,237
4,299,673
12
26
Growth Markets
3,096,914
2,730,784
13
26
Total Revenues
$
15,423,656
$
13,419,284
15
%
22
%
INDUSTRY GROUPS (1)
Communications, Media & Technology
$
3,081,007
$
2,645,930
16
%
23
%
Financial Services
2,941,286
2,611,145
13
22
Health & Public Service
2,892,549
2,504,853
15
19
Products
4,478,375
3,854,900
16
25
Resources
2,030,439
1,802,456
13
21
Total Revenues
$
15,423,656
$
13,419,284
15
%
22
%
TYPE OF WORK
Consulting
$
8,328,761
$
7,305,307
14
%
22
%
Outsourcing
7,094,895
6,113,977
16
23
Total Revenues
$
15,423,656
$
13,419,284
15
%
22
%
Percent
Percent
Increase
Increase
Year Ended
U.S.
Local
August 31, 2022
August 31, 2021
Dollars
Currency
GEOGRAPHIC MARKETS
North America
$
29,121,385
$
23,701,341
23
%
23
%
Europe
20,263,550
16,749,484
21
29
Growth Markets
12,209,370
10,082,564
21
29
Total Revenues
$
61,594,305
$
50,533,389
22
%
26
%
INDUSTRY GROUPS (1)
Communications, Media & Technology
$
12,199,797
$
9,801,349
24
%
28
%
Financial Services
11,810,582
9,932,523
19
24
Health & Public Service
11,226,464
9,498,234
18
20
Products
18,275,419
14,438,537
27
32
Resources
8,082,043
6,862,746
18
22
Total Revenues
$
61,594,305
$
50,533,389
22
%
26
%
TYPE OF WORK
Consulting
$
34,075,856
$
27,337,699
25
%
29
%
Outsourcing
27,518,449
23,195,690
19
22
Total Revenues
$
61,594,305
$
50,533,389
22
%
26
%
(1)
Effective June 1, 2022, we
revised the reporting of our industry groups for the movement of
Aerospace & Defense from Communications, Media & Technology
to Products. Prior period amounts have been reclassified to conform
with the current period presentation.
Accenture plc
Operating Income by Geographic
Market
(In thousands of U.S.
dollars)
(Unaudited)
Three Months Ended
August 31, 2022
August 31, 2021
Operating
Income
Operating
Margin
Operating
Income
Operating
Margin
Increase
(Decrease)
North America
$
1,261,735
17
%
$
1,118,578
18
%
$
143,157
Europe
467,316
10
496,241
12
(28,925
)
Growth Markets
539,138
17
343,870
13
195,268
Total Operating Income
$
2,268,189
14.7
%
$
1,958,689
14.6
%
$
309,500
Year Ended
August 31, 2022
August 31, 2021
Operating
Income
Operating
Margin
Operating
Income
Operating
Margin
Increase
North America
$
4,976,890
17
%
$
3,907,883
16
%
$
1,069,007
Europe
2,437,313
12
2,236,462
13
200,851
Growth Markets
1,952,978
16
1,477,184
15
475,794
Total Operating Income
$
9,367,181
15.2
%
$
7,621,529
15.1
%
$
1,745,652
Accenture plc
Reconciliation of Net Income
and Diluted Earnings Per Share, as Reported (GAAP), to Net Income
and Diluted Earnings Per Share, as Adjusted (Non-GAAP)
(In thousands of U.S. dollars,
except per share amounts)
(Unaudited)
Year Ended
August 31, 2022
August 31, 2021
As Reported (GAAP)
As Reported (GAAP)
Investment Gains (1)
Adjusted (Non-GAAP)
Income before income taxes
$
9,196,167
$
7,761,116
$
(271,009
)
$
7,490,107
Income tax expense
2,207,207
1,770,571
(41,440
)
1,729,131
Net income
$
6,988,960
$
5,990,545
$
(229,569
)
$
5,760,976
Effective tax rate
24.0
%
22.8
%
23.1
%
Diluted earnings per share
$
10.71
$
9.16
$
(0.36
)
$
8.80
(1)
Represents gains related to our
investment in Duck Creek Technologies.
Accenture plc
Consolidated Balance
Sheets
(In thousands of U.S.
dollars)
August 31, 2022
August 31, 2021
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
7,889,833
$
8,168,174
Short-term investments
3,973
4,294
Receivables and contract assets
11,776,775
9,728,212
Other current assets
1,940,290
1,765,831
Total current assets
21,610,871
19,666,511
NON-CURRENT ASSETS:
Contract assets
46,844
38,334
Investments
317,972
329,526
Property and equipment, net
1,659,140
1,639,105
Lease assets
3,018,535
3,182,519
Goodwill
13,133,293
11,125,861
Other non-current assets
7,476,735
7,193,987
Total non-current assets
25,652,519
23,509,332
TOTAL ASSETS
$
47,263,390
$
43,175,843
LIABILITIES AND SHAREHOLDERS’
EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank
borrowings
$
9,175
$
12,080
Accounts payable
2,559,485
2,274,057
Deferred revenues
4,478,048
4,229,177
Accrued payroll and related benefits
7,611,794
6,747,853
Lease liabilities
707,598
744,164
Other accrued liabilities
2,157,396
1,701,536
Total current liabilities
17,523,496
15,708,867
NON-CURRENT LIABILITIES:
Long-term debt
45,893
53,473
Lease liabilities
2,563,090
2,696,917
Other non-current liabilities
4,383,823
4,619,472
Total non-current liabilities
6,992,806
7,369,862
Total Accenture plc shareholders’
equity
22,106,540
19,529,454
Noncontrolling interest
640,548
567,660
Total Shareholders' Equity
22,747,088
20,097,114
TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY
$
47,263,390
$
43,175,843
Accenture plc
Consolidated Cash Flows
Statements
(In thousands of U.S.
dollars)
(Unaudited)
Three Months Ended
Year Ended
August 31, 2022
August 31, 2021
August 31, 2022
August 31, 2021
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income
$
1,692,385
$
1,437,423
$
6,988,960
$
5,990,545
Depreciation, amortization and other
534,905
486,281
2,088,216
1,891,242
Share-based compensation expense
360,234
275,700
1,679,789
1,342,951
Change in assets and liabilities/other,
net
1,202,586
237,028
(1,215,836
)
(249,590
)
Net cash provided by (used in)
operating activities
3,790,110
2,436,432
9,541,129
8,975,148
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchases of property and equipment
(177,051
)
(236,295
)
(717,998
)
(580,132
)
Purchases of businesses and investments,
net of cash acquired
(1,235,164
)
(2,626,711
)
(3,447,552
)
(4,171,123
)
Proceeds from the sale of businesses and
investments, net of cash transferred
440
3,725
(107,659
)
413,553
Other investing, net
3,183
7,965
12,580
27,936
Net cash provided by (used in)
investing activities
(1,408,592
)
(2,851,316
)
(4,260,629
)
(4,309,766
)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from issuance of ordinary
shares
149,213
126,211
1,349,064
1,065,775
Purchases of shares
(605,487
)
(914,648
)
(4,116,378
)
(3,703,124
)
Cash dividends paid
(613,730
)
(557,930
)
(2,457,306
)
(2,236,094
)
Other financing, net
(31,408
)
(21,418
)
(86,406
)
(52,894
)
Net cash provided by (used in)
financing activities
(1,101,412
)
(1,367,785
)
(5,311,026
)
(4,926,337
)
Effect of exchange rate changes on cash
and cash equivalents
(93,841
)
(58,537
)
(247,815
)
13,799
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS
1,186,265
(1,841,206
)
(278,341
)
(247,156
)
CASH AND CASH EQUIVALENTS, beginning of
period
6,703,568
10,009,380
8,168,174
8,415,330
CASH AND CASH EQUIVALENTS, end of
period
$
7,889,833
$
8,168,174
$
7,889,833
$
8,168,174
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220922005199/en/
Stacey Jones Accenture Media Relations +1 (917) 452-6561
stacey.jones@accenture.com
Angie Park Accenture Investor Relations +1 (703) 947-2401
angie.park@accenture.com
Accenture (NYSE:ACN)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Accenture (NYSE:ACN)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024