Summary
Accenture plc's 2013 10-K filing highlights a year of modest revenue growth, with net revenues reaching $28.56 billion, a 3% increase in USD and 4% in local currency compared to fiscal year 2012. The company's strategy continues to focus on industry and technology differentiation, as well as geographic expansion, particularly in emerging markets. While outsourcing services showed stronger growth (9% in local currency), consulting revenues experienced a slight decline (1% in USD, 1% in local currency) due to clients deferring spending and a shift towards longer-term contracts. The filing details Accenture's operational structure across five segments and its three growth platforms: management consulting, technology, and business process outsourcing. The company emphasizes its Global Delivery Model as a key differentiator, leveraging a worldwide network of over 182,000 professionals to deliver cost-effective solutions. Investments in emerging technologies like analytics, cloud computing, and mobility are ongoing. The company also highlights its commitment to research and innovation, with significant R&D spending. Key financial events include a substantial $274 million in reorganization benefits and a $243 million tax benefit related to U.S. federal tax audits, which significantly boosted net income and diluted EPS for fiscal year 2013. The company returned significant capital to shareholders through dividends and share repurchases, with an additional $5.0 billion authorized for repurchases in September 2013. Despite facing a competitive market and economic uncertainties in certain regions like Europe and Brazil, Accenture maintained strong operational discipline, as evidenced by stable gross and operating margins (excluding special items), and a continued focus on talent development.
Financial Highlights
56 data points| Revenue | $30.39B |
| Cost of Revenue | $21.01B |
| Gross Profit | $9.38B |
| R&D Expenses | $715.09M |
| Operating Expenses | $26.06B |
| Operating Income | $4.34B |
| Interest Expense | $14.04M |
| Net Income | $3.28B |
| EPS (Basic) | $5.08 |
| EPS (Diluted) | $4.93 |
| Shares Outstanding (Basic) | 645.54M |
| Shares Outstanding (Diluted) | 713.34M |
Key Highlights
- 1Accenture reported net revenues of $28.56 billion for fiscal year 2013, a 3% increase in U.S. dollars and 4% in local currency compared to fiscal year 2012.
- 2Outsourcing services demonstrated robust growth with a 9% increase in local currency, while consulting services saw a slight decline of 1% in local currency.
- 3The company continued to invest in strategic initiatives such as analytics, cloud computing, mobility, and digital marketing, including acquisitions in the latter.
- 4Accenture's Global Delivery Network is a significant operational asset, comprising over 182,000 professionals across more than 50 delivery centers worldwide.
- 5Fiscal year 2013 financial results were significantly impacted by a $274 million reorganization benefit and a $243 million tax benefit from U.S. federal tax audit settlements.
- 6The company returned substantial capital to shareholders through dividends and share repurchases, with a $5.0 billion share repurchase authorization approved in September 2013.
- 7Accenture operates across five distinct operating groups, serving a diverse range of industries globally, with a strategy focused on industry and technology differentiation.