Accenture PLC Stock

Accenture plc (Accenture) operates as a global professional services company.

The company helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services-creating tangible value at speed and scale.

The company is a talent- and innovation-led company with approximately 733,000 people serving clients in more than 120 countries. The company combines its strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. The company is uniquely able to deliver tangible outcomes because of the company's broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with the company's culture of shared success and commitment to creating 360° value, enable the company to help its clients reinvent and build trusted, lasting relationships. The company measures its success by the 360° value the company creates for its clients, each other, the company's shareholders, partners and communities.

The company serves clients and manages its business through three geographic markets: North America, Europe and Growth Markets (the Asia Pacific, Latin America, Africa and the Middle East). These markets bring together all of the company's capabilities across the company's services, industries and functions to deliver value to the company's clients.

In the first quarter of fiscal 2024, the company's Middle East and Africa market units will move from Growth Markets to Europe, and the Europe market will be referred to as the company's Europe, the Middle East and Africa (EMEA) geographic market.

The company goes to market by industry, leveraging the company's deep expertise across the company's five industry groups-Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The company's integrated service teams meet client needs rapidly and at scale, leveraging the company's network of more than 100 innovation hubs, the company's technology expertise and ecosystem relationships, and the company's global delivery capabilities.

During the year ended August 31, 2023 (fiscal 2023), the company continued to make significant investments-in strategic acquisitions, in research and development (R&D) in the company's assets, platforms and industry and functional solutions, in patents and pending patents and in attracting, retaining and developing people.

Strategy

The core of the company's growth strategy is delivering 360° value to the company's clients, people, shareholders, partners and communities by helping them continuously reinvent. The company's strategy defines the areas in which the company will drive growth, build differentiation via 360° value and enable the company's clients to transform their organizations through technology, data and AI to create value every day. The company aspires to be at the center of the company's clients' business and help them reach new levels of performance and to set themselves apart as leaders in their industries.

The company defines 360° value as delivering the financial business case and unique value a client may be seeking, and striving to partner with the company's clients to achieve greater progress on inclusion and diversity, reskill and upskill the company's clients' employees, help its clients achieve their sustainability goals, and create meaningful experiences, both with Accenture and for the customers and employees of the company's clients.

The company brings industry specific solutions and services, as well as cross industry expertise and leverage the company's scale and global footprint, innovation capabilities, and strong ecosystem partnerships together with the company's assets and platforms, including myWizard, myNav, SynOps and AI Navigator for Enterprise to deliver tangible value for the company's clients.

The company helps its clients use technology to drive enterprise-wide transformation, which includes:

Building their digital core-such as moving them to the cloud, leveraging data and AI, and embedding security across the enterprise;

Optimizing their operations-such as helping the company's clients digitize faster, access digital talent and reduce costs as well as through digitizing engineering and manufacturing; and

Accelerating their revenue growth-such as through using technology and creativity to create personalized connections, experiences and targeted sales at scale, leveraging data and AI, transforming content supply chains and marketing and commerce models and helping create new digital services and business models.

The company's managed services are strategic for the company's clients as companies seek to move faster and leverage the company's digital platforms and talent.

The company's strategy to deliver 360° value makes the company an attractive destination for top talent, a trusted partner to the company's clients and ecosystem, and a respected member of the company's communities.

Geographic Markets

The company's geographic markets-North America, Europe and Growth Markets-bring together integrated service teams, which typically consist of industry and functional experts, technology and capability specialists and professionals with local market knowledge and experience, to meet client needs.

While the company serves clients in locally relevant ways, the company's global footprint and scale in every major country give the company the ability to leverage the company's experience and people from around the world to accelerate outcomes for the company's clients. The company's three geographic markets are the company's reporting segments.

Services

The company brings together skills, capabilities, industry experience and functional expertise to help the company's clients achieve tangible outcomes and create 360° value.

Strategy & Consulting

The company works with C-suite executives, leaders and boards of the world's leading organizations, helping them reinvent every part of their enterprise to drive greater growth, enhance competitiveness, implement operational improvements, reduce cost, deliver sustainable 360° stakeholder value, and set a new performance frontier for themselves and the industry in which they operate. The company's deep industry and functional expertise is supported by proprietary assets and solutions that help organizations transform faster and become more resilient. Underpinned by technology, data, analytics, AI, change management, talent and sustainability capabilities, the company's Strategy & Consulting services help architect and accelerate all aspects of an organization's total enterprise reinvention.

Technology

The company provides innovative and comprehensive services and solutions that span cloud; systems integration and application management; security; intelligent platform services; infrastructure services; software engineering services; data and AI; automation; and global delivery through the company's Advanced Technology Centers. The company continuously innovates its services, capabilities and platforms through early adoption of new technologies, such as generative AI, blockchain, robotics, 5G, edge computing, metaverse and quantum computing. The company provides a range of capabilities that addresses the challenges faced by organizations today, including how to achieve total enterprise reinvention, manage change and develop new growth opportunities.

The company is continuously innovating and investing in R&D for both existing and new forms of technology. The company's focus in its Labs includes furthering innovation beyond traditional boundaries, such as science and space technologies. The company's innovation hubs around the world help clients innovate at unmatched speed, scope and scale. The company has strong relationships with the world's leading technology companies, as well as emerging start-ups, which enable the company to enhance its service offerings, augment the company's capabilities and deliver distinctive business value to the company's clients.

The company is a key partner of a broad range of technology providers, including Adobe, Alibaba, Amazon Web Services, Blue Yonder, Cisco, Databricks, Dell, Google, HPE, IBM RedHat, Microsoft, Oracle, Pegasystems, Salesforce, SAP, ServiceNow, Snowflake, VMware, Workday and many others. In addition to the company's mature partners, the company invests in emerging technologies through Accenture Ventures.

Operations

The company operates business processes on behalf of clients for specific enterprise functions, including finance and accounting, sourcing and procurement, supply chain, marketing and sales, and human resources, as well as industry-specific services, such as platform trust and safety, banking, insurance, network and health services. The company helps organizations to reinvent themselves through intelligent operations, enabled by SynOps, the company's cloud enabled platform that empowers people with data, processes, automation, generative AI and a broad ecosystem of technology partners to transform enterprise operations at speed and scale.

Industry X

The company combines its digital capabilities with deep engineering and manufacturing expertise. By using the combined power of digital and data the company helps its clients to reinvent and reimagine the products they make and how they make them. This includes helping the company's clients to digitally transform how their capital projects are planned, managed and executed, from plant and asset construction to public infrastructure, power grids and data centers. The company collaborates with its platform and software partners to help the company's clients achieve compressed transformations by redefining how their products are designed and engineered, tested, sourced and supplied, manufactured, and serviced, returned and renewed.

The company also designs, manufactures, and assembles its own advanced automation equipment, robotics and other specialized commercial hardware to support the company's clients' operations. Through the use of data and transformative technologies such as AI, Internet of Things, artificial reality/virtual reality, advanced robotics, digital twins and metaverse the company helps its clients reinvent to achieve greater resilience, productivity and sustainability in their core operations and design and engineer intelligent products faster and more cost effectively. And in doing so, the company helps them create new, hyper-personalized experiences and intelligent products and services.

Song

The company strives to accelerate growth and value for the company's clients across industries through sustained customer relevance with emerging channels, technologies, including generative AI, and models tied to the ever-changing needs and preferences of business-to-business and business-to-consumer customers. The company's capabilities span ideation to execution: growth, product and experience design; technology and experience platforms; creative, media and marketing strategy; and campaign, content and channel orchestration. With strong client relationships and deep industry expertise, the company helps its clients operate at speed through the potential of imagination, technology and intelligence.

Industry Groups

The company's industry focus gives the company an understanding of industry evolution, business issues and trends, industry operating models, capabilities and processes and new and emerging technologies. The company goes to market through the following five industry groups within the company's geographic markets.

Communications, Media & Technology

Communications & Media: Includes wireline, wireless/mobile, broadcast, entertainment, gaming, print, online publishing; television networks, streaming services, and content; sports, including online, in-person, platform and associated infrastructure; and cable and satellite communications and media infrastructure providers.

High Tech: Includes enterprise and consumer technology, network and equipment manufacturers; silicon design, semiconductor design and foundries; data centers; AI computing manufacturers; and high-tech/electronic manufacturing, including battery, engineering design automation and medical equipment companies.

Software & Platforms: Includes cloud-based enterprise and consumer software companies, large language model owners; both subscription and ad-driven consumer platforms spanning ecommerce, social, media, advertising and gaming.

Financial Services

Banking & Capital Markets: Includes retail and commercial banks, mortgage lenders, payment providers, corporate and investment banks, private equity firms, market infrastructure providers, wealth and asset management firms, broker/dealers, depositories, exchanges, clearing and settlement organizations, retirement services providers and other diversified financial enterprises.

Insurance: Includes property and casualty, life and annuities and group benefits insurers, reinsurance firms and insurance brokers.

Health & Public Service

Health: Includes healthcare providers, such as hospitals, public health systems, policy-making authorities, health insurers (payers), and industry organizations and associations.

Public Service: Includes defense departments and military forces; public safety authorities; justice departments; human and social services agencies; educational institutions; non-profit organizations; cities; and postal, customs, revenue and tax agencies.

The company's work with clients in the U.S. federal government is delivered through Accenture Federal Services, a U.S. company and a wholly owned subsidiary of Accenture LLP, and represented approximately 37% of the company's Health & Public Service industry group's revenues and 15% of the company's North America revenues in fiscal 2023.

Products

Consumer Goods, Retail & Travel Services: Includes food and beverage, household goods, personal care, tobacco, fashion/apparel, agribusiness and consumer health companies; supermarkets, hardline retailers, mass-merchandise discounters, department, quickserve and convenience stores and specialty retailers; aviation; and hospitality and travel services companies.

Industrial: Includes industrial and electrical equipment manufacturers and industrial suppliers; and construction, heavy equipment, consumer durables, engineering services, real estate, freight and logistics, aerospace and defense and automotive and public transportation companies.

Life Sciences: Includes biopharmaceutical, medical technology, and biotechnology companies and distributors.

Resources

Chemicals & Natural Resources: Includes petrochemicals, specialty chemicals, polymers and plastics, gases and agricultural chemicals companies, as well as the metals, mining, forest products and building materials industries.

Energy: Includes companies in the oil and gas industry, including upstream, midstream, downstream, oilfield services, clean energy and energy trading companies.

Utilities: Includes power generators and developers, electric and gas transmission and distribution operators, energy and energy service retailers; water, waste and recycling service providers.

Research and Development

For the year ended August 31, 2023, the company's research and development included $1.3 billion.

History

Accenture plc was founded in 1951. The company was incorporated in Ireland in 2009.