Summary
Accenture plc reported strong performance for the fiscal year ended August 31, 2022, with revenues growing 22% in U.S. dollars and 26% in local currency to $61.6 billion. This growth was driven by robust demand across all geographic markets and service lines, particularly in digital transformation initiatives such as cloud adoption, security, and AI. The company also saw significant new bookings, reaching $71.7 billion, indicating continued client engagement and future revenue potential. While the company experienced elevated voluntary attrition (19%) due to a competitive labor market, it significantly invested in its workforce, with $1.1 billion allocated to learning and professional development. Accenture also strategically invested $3.4 billion in 38 acquisitions to scale its business and acquire new capabilities. The company maintained a strong operational margin of 15.2% and returned $6.6 billion to shareholders through share purchases and dividends, demonstrating a commitment to shareholder value alongside strategic investments in growth and talent.
Financial Highlights
57 data points| Revenue | $61.59B |
| Cost of Revenue | $41.89B |
| Gross Profit | $19.70B |
| R&D Expenses | $1.12B |
| Operating Expenses | $52.23B |
| Operating Income | $9.37B |
| Interest Expense | $47.32M |
| Net Income | $6.88B |
| EPS (Basic) | $10.87 |
| EPS (Diluted) | $10.71 |
| Shares Outstanding (Basic) | 632.76M |
| Shares Outstanding (Diluted) | 642.84M |
Key Highlights
- 1Revenue grew 22% year-over-year to $61.6 billion in FY2022, with strong 26% growth in local currency, indicating broad-based demand.
- 2New bookings reached $71.7 billion, a 21% increase in U.S. dollars, signaling robust future revenue potential.
- 3Operating margin remained strong at 15.2%, showing effective cost management despite increased labor costs and inflationary pressures.
- 4Significant investments were made in strategic growth initiatives, with $3.4 billion deployed in 38 acquisitions and $1.1 billion in research and development.
- 5The company returned $6.6 billion to shareholders through $4.1 billion in share repurchases and $2.5 billion in dividends.
- 6Workforce grew to over 721,000 employees, with a substantial $1.1 billion invested in learning and professional development to retain and upskill talent.
- 7Accenture is actively pursuing environmental sustainability goals, aiming for net-zero emissions by 2025 and achieving over 85% renewable electricity usage in fiscal year 2022.