Sector: Technology|Industry: Information Technology Services|Market Cap: $227.35B|Employees: 774K
Accenture is a global professional services company that helps organizations build their digital core, optimize operations, and accelerate revenue growth. They combine technology and leadership in cloud, data, and AI with industry experience and global delivery capabilities. Accenture serves clients in over 120 countries and has long-term relationships with many of the world's leading companies.
Accenture is a leading global professional services company assisting organizations with digital transformation, operations optimization, revenue acceleration, and service enhancement. They specialize in technology, cloud, data, and AI solutions, serving clients in over 120 countries. Accenture operates through three geographic markets: North America, EMEA, and Growth Markets (soon to be Asia Pacific, with Latin America moving to North America to form the Americas market). They go to market through five industry groups: Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Accenture emphasizes long-term client relationships and creating 360° value, encompassing financial outcomes, inclusion and diversity, employee upskilling, sustainability, and meaningful experiences.
Accenture provides a wide range of services and solutions categorized into five service areas:
Accenture operates through three geographic segments: North America, EMEA (Europe, Middle East, and Africa), and Growth Markets (Asia Pacific and Latin America, with Latin America transitioning to North America in Q1 FY2025). Revenue breakdown for FY2024: North America (47%), EMEA (35%), Growth Markets (17%).
Accenture's core strategy is to be the leading reinvention partner for clients, delivering 360° value. This involves focusing on digital transformation, operational optimization, and revenue growth acceleration. Key initiatives include building clients' digital core, optimizing operations through digitization, accelerating revenue growth through technology, and focusing on talent acquisition and development. Accenture invests heavily in strategic acquisitions, R&D, and employee training to maintain its competitive advantage and drive innovation, particularly in areas like AI and emerging technologies. Sustainability is a key element of the company's strategy and operations.
Accenture operates in a highly competitive and rapidly evolving global professional services market. Competitors include large multinational IT service providers, offshore IT firms, consulting and accounting firms, niche solution providers, and in-house IT departments. Accenture believes its competitive advantages lie in its focus on 360° value creation, long-term client partnerships, broad range of services, technology expertise, industry knowledge, innovation capabilities, and talent development.
(Generated from latest 10-K filing)