01—Abstract
Summary
Summary of the 10-K filed October 15, 2021. Cited figures are marked; the original filing is the authoritative source.
Accenture plc's (ACN) 2021 10-K filing highlights a strong fiscal year ending August 31, 2021, with revenues reaching $50.5 billiona, a 14% increase in U.S. dollars and 11% in local currency, driven by robust demand for digital transformation services.
The company demonstrated significant growth in new bookings, up 20% to $59.3 billionb, and expanded its operating margin to 15.1%. Accenture continued to invest heavily in strategic acquisitions ($4.2 billion), R&D ($1.1 billion), and talent development ($900 million). Key to Accenture's strategy is delivering "360° value" to clients, people, shareholders, partners, and communities, with a focus on leveraging technology and human ingenuity.
The company's workforce grew to over 624,000 employees, with a continued commitment to inclusion and diversity, including achieving 100%c pay equity for women compared to men. Accenture also made significant progress on environmental sustainability goals, aiming for net-zero emissions by 2025.
02—Key points
Key Highlights
- Revenue growth of 14% year-over-year, reaching $50.5 billion, driven by strong demand for digital transformation services.
- New bookings surged by 20% to $59.3 billion, indicating robust future revenue potential.
- Operating margin expanded by 40 basis points to 15.1%, demonstrating improved profitability.
- Significant investments were made in strategic acquisitions ($4.2 billion), R&D ($1.1 billion), and employee development ($900 million).
- Workforce expanded to over 624,000 employees, with a continued focus on inclusion and diversity goals.
- Accenture achieved 100% pay equity for women compared to men across all operating countries.
- Commitment to environmental sustainability with a goal of net-zero emissions by 2025.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2021, Accenture plc kept $0.12.
- Revenue$50.53B100.0%
- Cost of revenue−$34.17B67.6%
- Gross profit$16.36B32.4%
- Operating costs−$8.74B17.3%
- Operating income$7.62B15.1%
- Interest, other & tax−$1.71B3.4%
- Net income$5.91B11.7%
Where FY2021 revenue went
$50.53B- Cost of revenue: $34.17B, 68% of revenue
- Other operating costs: $7.62B, 15% of revenue
- Net income: $5.91B, 12% of revenue
- R&D: $1.12B, 2.2% of revenue
- Interest, other & tax: $1.71B, 3.4% of revenue
Kept 12% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2021filed October 15, 2021Financial Statements
FY2021 against FY2020
| Line item | FY2021FY2020 | Change |
|---|---|---|
| Revenue | $50.53B$44.33B | +14.0% |
| Cost of Revenue | $34.17B$30.35B | +12.6% |
| Gross Profit | $16.36B$13.98B | +17.1% |
| R&D Expenses | $1.12B$870.61M | +28.5% |
| Operating Expenses | $42.91B$37.81B | +13.5% |
| Operating Income | $7.62B$6.51B | +17.0% |
| Interest Expense | $59.49M$33.07M | +79.9% |
| Net Income | $5.91B$5.11B | +15.6% |
| EPS (Basic) | $9.31$8.03 | +15.9% |
| EPS (Diluted) | $9.16$7.89 | +16.1% |
| Shares Outstanding (Basic) | 634.75M636.30M | −0.2% |
| Shares Outstanding (Diluted) | 645.91M647.80M | −0.3% |
05—Questions
Frequently Asked Questions
What was Accenture's overall revenue growth in fiscal year 2021?
Accenture reported a revenue growth of 14% in U.S. dollars and 11% in local currency for fiscal year 2021, reaching $50.5 billion. This growth was driven by strong client demand for digital transformation and other strategic services.
How did Accenture manage its workforce and talent in fiscal year 2021?
Accenture's workforce grew to over 624,000 employees by August 31, 2021. The company invested $900 million in learning and development, delivering over 31 million training hours. They also highlighted a commitment to inclusion and diversity, noting progress towards gender goals and achieving 100% pay equity for women compared to men.
What are Accenture's key investment priorities?
Accenture made substantial investments in fiscal year 2021, including $4.2 billion across 46 strategic acquisitions, $1.1 billion in research and development, and $900 million in learning and professional development for its people.
What is Accenture's stance on environmental sustainability?
Accenture is committed to environmental sustainability and has pledged to achieve net-zero emissions by 2025, move to zero waste, and plan for water risk. They aim to meet office energy needs with 100% renewable electricity by 2023 and are investing in nature-based carbon removal solutions.
06—Continue