Summary
Accenture plc's 2014 10-K filing reveals a company with consistent revenue growth, reaching $30.0 billion in net revenues for fiscal year 2014. This growth was driven by both its consulting and outsourcing segments, with outsourcing showing particularly strong double-digit percentage increases in the fourth quarter of fiscal 2014. The company's diversified operating groups across various industries and geographies contributed to this performance. Accenture continues to emphasize its global delivery model, strategic growth platforms (Strategy, Digital, Technology, Operations), and commitment to innovation through research and development spending. Key financial highlights include stable operating income and a healthy cash position, though margins experienced some pressure due to pricing challenges and increased payroll costs in the first half of fiscal 2014. The company also actively engaged in share repurchases, returning value to shareholders. Accenture faces a competitive market and various risks, including economic volatility, cybersecurity threats, and the need to adapt to technological changes, all of which are detailed in the risk factors section.
Financial Highlights
56 data points| Revenue | $31.87B |
| Cost of Revenue | $22.19B |
| Gross Profit | $9.68B |
| R&D Expenses | $639.51M |
| Operating Expenses | $27.57B |
| Operating Income | $4.30B |
| Interest Expense | $17.62M |
| Net Income | $2.94B |
| EPS (Basic) | $4.64 |
| EPS (Diluted) | $4.52 |
| Shares Outstanding (Basic) | 634.22M |
| Shares Outstanding (Diluted) | 692.39M |
Key Highlights
- 1Accenture reported net revenues of $30.0 billion for fiscal year 2014, representing a 5% increase in U.S. dollars and local currency compared to fiscal year 2013.
- 2The outsourcing business demonstrated strong growth, with net revenues increasing by 8% in both U.S. dollars and local currency year-over-year, and showing a 15% increase in the fourth quarter of fiscal 2014.
- 3The company's five operating groups (Communications, Media & Technology; Financial Services; Health & Public Service; Products; Resources) collectively served a broad range of industries globally.
- 4Accenture maintained a strong global delivery model, leveraging over 205,000 professionals in its network, which is a key differentiator.
- 5The company invested $640 million in research and development in fiscal year 2014 to drive innovation and develop new business and technology solutions.
- 6Accenture's effective tax rate for fiscal 2014 was 26.1%, compared to 18.1% in fiscal 2013, with the prior year benefiting from reorganization and tax audit settlements.
- 7The company continued its share repurchase program, authorizing $4.7 billion for share purchases and redemptions as of August 31, 2014, indicating a commitment to returning capital to shareholders.