Accenture has achieved thirteen consecutive years of growth. Global consulting and technology companies know this increasing turnover to $64.1 billion in the last financial year.
Last year, Accenture’s revenue was $61.6 billion. With this year’s upgrade, the tech giant continues its impressive growth rate.
Since the global financial crisis of 2008 to 2010, Accenture has continued to grow and expand its services and workforce across its core business units – consulting, technology, creative & digital, business process outsourcing, and managed services.
“I am very proud that we delivered another strong financial year in fiscal 2023,” said Julie Sweet, chairman and CEO of Accenture. “I would like to thank all our special people around the world for the results they have achieved and for their commitment every day to create value for all our stakeholders.”
The Strategy & Consulting division recorded revenue of $14 billion, while Operations contributed $10 billion to total revenue. The turnover of the Technology branch reached $41 billion.
From a geographic perspective, North America accounted for the largest share of total revenue at $30.3 billion. This region shows the slowest growth. In Europe, revenue grew 11% in local currencies to $21.3 billion, with the Growth Markets division the fastest growing practice (12%).
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As is often the case, acquisitions played a key role in the strong growth Accenture experienced in the last financial year. The company spent a total of $2.5 billion on acquisitions in the last financial year, including Sentia in our country.
Read more: Accenture and Sentia unite cloud and business: ‘We unlock the future’.
The biggest deals in the past year were the acquisitions of Anser Advisory in the United States, German technology consultancy SKS Group, and UK-based Objectivity.
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For the current financial year, Sweet expects growth of between 2% and 5% in local currency terms. He pointed out that there is still “significant demand in high-growth sectors”.
“While the pace of spending has changed, the fundamentals have not,” explains the CEO. “All strategies remain focused on technology and companies have to transform their organizations with the help of technology, data and artificial intelligence. This way they can optimize business operations and accelerate growth.”
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