Communication from our Lead Executive Officer
Accenture Achieves Significant Growth and Recognition in 2024
Accenture, the global professional services company, has announced its financial results for the year, showcasing a robust performance and a commitment to innovation.
The company reported revenues of $65 billion for the year, marking a 2% growth in local currency. This growth was underpinned by a strong performance across various sectors and regions.
Julie Sweet, Accenture's Chair and CEO, expressed her gratitude to clients, shareholders, partners, and communities for their ongoing support. She acknowledged the dedication and commitment of the 774,000 employees worldwide, who have been instrumental in the company's success.
Accenture's Leadership Essentials, a set of eight principles, played a key role in fostering client trust and enabling long-term resilience and growth. These principles include always doing the right thing, leading with excellence, exemplifying client-centricity, and actively innovating, among others.
The company also completed business optimization actions to reduce structural costs and create greater resilience. These actions have contributed to an expanded adjusted operating margin by 10 basis points and delivered adjusted EPS growth of 2%.
Accenture's focus on Data & AI has also paid off, with the number of Data & AI workforce increasing to approximately 57,000 skilled practitioners at the end of the fiscal year. The company aims to double this workforce to 80,000 by the end of fiscal 2026.
AI is emerging as the new digital, and Accenture believes it will be used in every part of the enterprise. The company's investment in training reflects this belief, with approximately 44 million training hours invested in Accenture employees in fiscal 2024, primarily focused on generative AI.
Accenture's efforts towards diversity and inclusion have also been recognised, with the company earning the No. 1 spot on the FTSE (formerly Refinitiv) Diversity and Inclusion Index for the fifth time in seven years.
The company's brand value also saw an 11% increase, earning Accenture the No. 20 position on Kantar BrandZ's Top 100 Most Valuable Global Brands list.
Accenture's client base has also expanded, with the company now having 310 Diamond clients, an increase of 10 from the previous year. The company also secured 125 quarterly client bookings of more than $100 million for the year, 19 more than the previous year.
Accenture's strong performance was also reflected in its financial metrics, with the company generating free cash flow of $8.6 billion in the year.
Over 81,000 Accenture employees participated in the inaugural Season of Impact, contributing 75,000 hours of service to social and environmental causes.
Julie Sweet, who was appointed as CEO in 2019, continues to lead Accenture through major digital and AI-driven transformations. Her leadership has been recognised, with Accenture earning the top spot on the World's Best Management Consulting Firms list by Forbes.
In a significant move towards sustainability, Accenture received SBTi approval for new net-zero greenhouse gas emissions targets aligned with SBTi's Corporate Net-Zero Standard during fiscal 2024.
With these achievements, Accenture is poised for continued growth and success in the coming years. Local currency bookings for the fiscal year 2024 were $81 billion, representing a 14% growth. The company looks forward to continuing its commitment to innovation, sustainability, and excellence.
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