Accenture Surpasses $50 Billion Annual Revenue, Posts Robust Q4 FY21 Results

Information Technology & Services major, Accenture, has reported robust revenue growth for the fourth quarter and full fiscal year ended 31 August 2021. The company crossed the milestone of $50 billion in annual revenue for FY21.

For the full fiscal year, revenues were $50.5 billion, an increase of 14% in U.S. dollars and 11% in local currency compared with fiscal 2020, said the company in its report.

“We are very proud of our outstanding fiscal 2021 financial performance, reflecting growth significantly above the market and strong momentum heading into fiscal 2022. Our results reflect the dedication and hard work of our 624,000 incredible people, who are laser-focused on creating tangible value for our clients, innovating with our ecosystem, and being the trusted partner of choice on our clients’ transformation journeys,” said Julie Sweet, Accenture’s Chair & CEO.

She further added: “We delivered these results while investing in our people and in the capabilities our clients need, now and in the future, and at the same time making progress on our sustainability goals — from progress in inclusion and diversity, to the use of renewable energy now at 50% across the globe, to supporting our communities during these challenging times. We measure our success by this 360° value creation.”

With 6,24,000 employees, the company has over 2 lakh employees in India.

Revenues for the fourth quarter of fiscal 2021 were $13.42 billion, compared with $10.84 billion for the fourth quarter of fiscal 2020, an increase of 24% in U.S. dollars and 21% in local currency. Revenues for the quarter reflect approximately a positive 3% foreign exchange impact, compared with the positive 4% impact previously assumed. Adjusting for the actual foreign exchange impact, the company’s guided range for quarterly revenues was approximately $13.0 billion to $13.4 billion.