0001467373false00014673732024-12-192024-12-19

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 19, 2024

AccentureLogo.jpg
Accenture plc
(Exact name of Registrant as specified in its charter)
Ireland001-3444898-0627530
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(I.R.S. Employer
Identification No.)
1 Grand Canal Square
Grand Canal Harbour
Dublin 2, Ireland
(Address of principal executive offices)
Registrant’s telephone number, including area code: (353) (1) 646-2000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A ordinary shares, par value $0.0000225 per shareACNNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02 Results of Operations and Financial Condition
On December 19, 2024, Accenture plc (“Accenture”) issued a news release announcing financial results for its first quarter of fiscal 2025, which ended on November 30, 2024.
A copy of the news release is attached hereto as Exhibit 99. All information in the news release is furnished but not filed.
Non-GAAP Financial Information
In the attached news release Accenture discloses the following non-GAAP financial measures:
•Free cash flow (defined as operating cash flow net of property and equipment additions). Accenture’s management believes that this information provides meaningful additional information regarding the company’s liquidity.
•Percentage changes in revenues and bookings on a local currency basis. Financial results in local currency are calculated by restating current period activity into U.S. dollars using the comparable prior year period’s foreign currency exchange rates. This approach is used for all results where the functional currency is not the U.S. dollar. Accenture’s management believes that information regarding changes in its revenues and bookings that excludes the effect of fluctuations in foreign currency exchange rates facilitates meaningful comparison of its revenues.
•Adjusted financial measures excluding the impact of business optimization costs in fiscal 2024. Accenture’s management believes that information regarding the effect of the business optimization costs facilitates an understanding as to the impact of this item and the company’s performance in comparison to the prior period.
Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are included in the news release. While Accenture’s management believes that this non-GAAP financial information is useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.

Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.Description
99
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL


Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Date: December 19, 2024ACCENTURE PLC
By:/s/ Joel Unruch
Name:  Joel Unruch
Title:General Counsel & Corporate Secretary




acnlogo.jpg
Accenture Reports First-Quarter Fiscal 2025 Results

Accenture’s strong Q1 FY25 results reflect broad-based revenue growth across all markets and industry groups; Company raises fiscal 2025 revenue outlook

New bookings of $18.7 billion, an increase of 1% in both U.S. dollars and local currency
Generative AI new bookings of $1.2 billion
Revenues of $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency, with consulting revenues of $9.0 billion and managed services revenues of $8.6 billion
GAAP operating margin of 16.7%, an increase of 90 basis points, and flat compared to adjusted operating margin1 reported in first quarter fiscal 2024
GAAP EPS of $3.59, an increase of 16%, and an increase of 10% over adjusted EPS reported in first quarter fiscal 2024
Quarterly cash dividend of $1.48 per share, an increase of 15%
Accenture updates its business outlook for fiscal 2025; raises full-year revenue growth to 4% to 7% in local currency; now expects foreign exchange impact of negative 0.5%; updates outlook for GAAP EPS to be in the range of $12.43 to $12.79, reflecting its increased revenue outlook and revised foreign-exchange assumption
NEW YORK; December 19, 2024 — Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2025 ended November 30, 2024.
Julie Sweet, chair and CEO, Accenture, said, “Our strategy to lead reinvention for clients while continuing to invest in our business has given us a strong start to fiscal 2025. We delivered broad-based revenue growth across both consulting and managed services, and across each market and industry group, gaining market share. First quarter new bookings were $18.7 billion, including 30 quarterly client bookings of more than $100 million, and we continued to lead in helping our clients realize value with generative AI, with new bookings of $1.2 billion. On behalf of our leadership team, I want to thank our nearly 799,000 Accenture people whose commitment to our clients' success makes these results possible.”
Revenues were $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency compared to the first quarter of fiscal 2024.     
GAAP operating income was $2.95 billion, a 15% increase compared to $2.56 billion for the first quarter of fiscal 2024, and an increase of 9% compared to adjusted operating income of $2.70 billion for the first quarter last year. Operating margin was 16.7%, an increase of 90 basis points compared to operating margin of 15.8% for the first quarter of fiscal 2024, and flat compared to adjusted operating margin of 16.7% for the first quarter last year.

1Adjusted financial measures presented in this release are non-GAAP financial measures that exclude business optimization costs recorded in fiscal 2024 as further described in this release.


GAAP diluted earnings per share were $3.59, a 16% increase compared to $3.10 for the first quarter of fiscal 2024, and an increase of 10% over adjusted EPS of $3.27 for the first quarter last year.
New bookings for the quarter were $18.7 billion, with consulting bookings of $9.2 billion and managed services bookings of $9.5 billion.
Financial Review

Revenues for the first quarter of fiscal 2025 were $17.69 billion, compared with $16.22 billion for the first quarter of fiscal 2024, an increase of 9% in U.S. dollars and 8% in local currency. Revenues were approximately $240 million above the top end of the company’s guided range of $16.85 billion to $17.45 billion. The foreign-exchange impact for the quarter was approximately positive 1%, compared with the positive 1.5% assumption provided in the company's fourth-quarter earnings release.
▪Consulting revenues for the quarter were $9.05 billion, an increase of 7% in U.S. dollars and 6% in local currency compared with the first quarter of fiscal 2024.
▪Managed Services revenues for the quarter were $8.64 billion, an increase of 11% in both U.S. dollars and local currency compared with the first quarter of fiscal 2024.
GAAP diluted EPS for the quarter were $3.59, a 16% increase over $3.10 for the first quarter last year, which included a $0.17 decrease for business optimization costs. Excluding these costs, GAAP diluted EPS increased 10% for the first quarter of fiscal 2025 over adjusted EPS of $3.27 for the first quarter of fiscal 2024. The $0.32 increase in GAAP diluted EPS compared to adjusted diluted EPS reflects:
▪a $0.29 increase from higher revenue and operating results;
▪a $0.07 increase from a lower effective tax rate; and
▪a $0.01 increase from lower share count;
partially offset by
▪a $0.05 decrease from lower non-operating income.
Gross margin (gross profit as a percentage of revenues) for the quarter was 32.9% compared to 33.6% in the first quarter of fiscal 2024. Selling, general and administrative (SG&A) expenses for the quarter were $2.87 billion, or 16.2% of revenues, compared with $2.74 billion, or 16.9% of revenues, for the first quarter of fiscal 2024.
GAAP operating income for the quarter increased 15%, to $2.95 billion, or 16.7% of revenues, compared with $2.56 billion, or 15.8% of revenues, for the first quarter of fiscal 2024. For the first quarter of fiscal 2024, adjusted operating income was $2.70 billion, or 16.7% of revenues.
The company’s GAAP effective tax rate for the quarter was 21.6%, compared with 23.2% for the first quarter of fiscal 2024.
GAAP net income for the quarter was $2.32 billion, compared with $2.01 billion for the first quarter of fiscal 2024. For the first quarter of fiscal 2024, adjusted net income was $2.12 billion.
Operating cash flow for the quarter was $1.02 billion, and property and equipment additions were $152 million. Free cash flow, defined as operating cash flow net of property and equipment additions, was $870 million. For the same period last year, operating cash flow was $499 million; property and equipment additions were $69 million; and free cash flow was $430 million.


Days services outstanding, or DSOs, were 50 days at November 30, 2024, compared with 46 days at August 31, 2024 and 49 days at November 30, 2023.
Accenture’s total cash balance at November 30, 2024 was $8.3 billion, compared with $5.0 billion at August 31, 2024.
New Bookings
New bookings for the first quarter of fiscal 2025 were $18.70 billion, a 1% increase in both U.S. dollars and local currency over the first quarter of fiscal 2024.
▪Consulting new bookings were $9.22 billion, or 49% of total new bookings.
▪Managed Services new bookings were $9.48 billion, or 51% of total new bookings.
Revenues by Geographic Market2
Revenues by geographic market were as follows:
▪Americas: $8.73 billion, an increase of 9% in U.S. dollars and 11% in local currency compared with the first quarter of fiscal 2024.
▪EMEA: $6.41 billion, an increase of 10% in U.S. dollars and 6% in local currency compared with the first quarter of fiscal 2024.
▪Asia Pacific: $2.54 billion, an increase of 6% in U.S. dollars and 4% in local currency compared with the first quarter of fiscal 2024.
Revenues by Industry Group
Revenues by industry group were as follows:
▪Communications, Media & Technology: $2.86 billion, an increase of 7% in both U.S. dollars and local currency compared with the first quarter of fiscal 2024.
▪Financial Services: $3.17 billion, an increase of 4% in both U.S. dollars and local currency compared with the first quarter of fiscal 2024.
▪Health & Public Service: $3.81 billion, an increase of 13% in U.S. dollars and 12% in local currency compared with the first quarter of fiscal 2024.
▪Products: $5.43 billion, an increase of 12% in U.S. dollars and 10% in local currency compared with the first quarter of fiscal 2024.
▪Resources: $2.42 billion, an increase of 6% in both U.S. dollars and local currency compared with the first quarter of fiscal 2024.
Returning Cash to Shareholders
Accenture continues to return cash to shareholders through cash dividends and share repurchases.
Dividend
On November 15, 2024, a quarterly cash dividend of $1.48 per share was paid to shareholders of record at the close of business on October 10, 2024. These cash dividend payments totaled $926 million.
2During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.


Accenture plc has declared another quarterly cash dividend of $1.48 per share for shareholders of record at the close of business on January 16, 2025. This dividend, which is payable on February 14, 2025, represents a 15% increase over the quarterly dividend rate of $1.29 per share in fiscal 2024.
Share Repurchase Activity
During the first quarter of fiscal 2025, Accenture repurchased or redeemed 2.5 million shares for a total of $898 million, including approximately 2.2 million shares repurchased in the open market.
Accenture’s total remaining share repurchase authority at November 30, 2024 was approximately $5.9 billion.
At November 30, 2024, Accenture had approximately 626 million total shares outstanding.
Business Outlook
Second Quarter Fiscal 2025
Accenture expects revenues for the second quarter of fiscal 2025 to be in the range of $16.2 billion to $16.8 billion, or 5% to 9% growth in local currency, reflecting the company’s assumption of an approximately negative 2.5% foreign-exchange impact compared with the second quarter of fiscal 2024.
Fiscal Year 2025
Accenture’s business outlook for fiscal 2025 now assumes that the foreign-exchange impact on its results in U.S. dollars will be approximately negative 0.5% compared with fiscal 2024; the company previously expected the impact to be positive 1.5%.
For fiscal 2025, the company raises revenue growth to be in the range of 4% to 7% in local currency, compared to 3% to 6% previously.
Accenture continues to expect GAAP operating margin for fiscal 2025 to be in the range of 15.6% to 15.8%, an expansion of 80 to 100 basis points from fiscal 2024 GAAP operating margin, and an expansion of 10 to 30 basis points from fiscal 2024 adjusted operating margin, which excludes $438 million for business optimization costs.
The company continues to expect its annual effective tax rate to be in the range of 22.5% to 24.5%.
Reflecting its increased revenue outlook and revised foreign-exchange assumption, the company now expects GAAP diluted EPS for fiscal 2025 to be in the range of $12.43 to $12.79, compared to $12.55 to $12.91 previously, an increase of 9% to 12% over fiscal 2024 GAAP diluted EPS of $11.44, and an increase of 4% to 7% over adjusted EPS of $11.95, which excludes $0.51 for business optimization costs.
For fiscal 2025, the company continues to expect operating cash flow to be in the range of $9.4 billion to $10.1 billion; property and equipment additions to be $600 million; and free cash flow to be in the range of $8.8 billion to $9.5 billion.
The company continues to expect to return at least $8.3 billion in cash to shareholders through dividends and share repurchases.



360° Value Reporting
Accenture’s goal is to create 360° value for our clients, people, shareholders, partners and communities. Our reporting captures how we deliver unique value across six vital dimensions and offers a comprehensive view of our financial and environmental, social and governance (ESG) measures, and our goals, progress and performance for each. Our full 360° Value Report and online 360° Value Reporting Experience provide customizable reporting. To access, please visit the Accenture 360° Value Reporting Experience at accenture.com/reportingexperience.
Conference Call and Webcast Details
Accenture will host a conference call at 8:00 a.m. EST today to discuss its first quarter of fiscal 2025 financial results. To participate in the teleconference, please dial +1 (877) 883-0383 [+1 (412) 317-6061 outside the U.S., Puerto Rico and Canada] and enter access code 4670148 approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible live via webcast on the Investor Relations section of the Accenture website at accenture.com.
A replay of the conference call will be available at accenture.com and at +1 (877) 344-7529 [+1 (412) 317-0088 outside the U.S., Puerto Rico and Canada] with access code 9624330, from 11:00 a.m. EST today, through Wednesday, March 19, 2025.
About Accenture
Accenture is a leading global professional services company that 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. We are a talent- and innovation-led company with approximately 799,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.
Non-GAAP Financial Information
This news release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP) are included in this press release. Financial results “in local currency” are calculated by restating current-period activity into U.S. dollars using the comparable prior-year period’s foreign-currency exchange rates. Accenture’s management believes providing investors with this information gives additional insights into Accenture’s results of operations. While Accenture’s management believes that the non-GAAP financial measures herein are useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP. Accenture provides full-year revenue guidance on a local-currency basis and not in U.S. dollars because the impact of foreign exchange rate fluctuations could vary significantly from the company’s stated assumptions.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” and similar expressions are used to identify these forward-looking statements.


These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect our business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and our strategy to continue to grow in our key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
# # #
Contacts:
Rachel Frey
Accenture Media Relations
+1 917 452 4421
rachel.frey@accenture.com
Katie O’Conor
Accenture Investor Relations
+1 973 301 3275
catherine.m.oconor@accenture.com



Accenture plc
Consolidated Income Statements
(In thousands of U.S. dollars, except share and per share amounts)
(Unaudited)
Three Months Ended
November 30, 2024% of RevenuesNovember 30, 2023% of Revenues
REVENUES:
Revenues $17,689,545 100.0 %$16,224,303 100.0 %
OPERATING EXPENSES:
Cost of services 11,866,716 67.1 %10,776,362 66.4 %
Sales and marketing 1,811,109 10.2 %1,709,891 10.5 %
General and administrative costs 1,063,243 6.0 %1,033,499 6.4 %
Business optimization costs— — %139,664 0.9 %
Total operating expenses14,741,068 13,659,416 
OPERATING INCOME2,948,477 16.7 %2,564,887 15.8 %
Interest income76,027 101,980 
Interest expense(30,042)(14,495)
Other income (expense), net (39,217)(35,719)
INCOME BEFORE INCOME TAXES2,955,245 16.7 %2,616,653 16.1 %
Income tax expense639,055 606,672 
NET INCOME2,316,190 13.1 %2,009,981 12.4 %
Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc.(2,170)(2,016)
Net income attributable to noncontrolling interests – other (1)(35,126)(34,521)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC$2,278,894 12.9 %$1,973,444 12.2 %
CALCULATION OF EARNINGS PER SHARE:
Net income attributable to Accenture plc$2,278,894 $1,973,444 
Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc. (2)2,170 2,016 
Net income for diluted earnings per share calculation$2,281,064 $1,975,460 
WEIGHTED AVERAGE SHARES:
Basic625,676,922 627,996,111 
Diluted634,656,410 637,398,361 
EARNINGS PER SHARE:
Basic$3.64 $3.14 
Diluted$3.59 $3.10 
Cash dividends per share$1.48 $1.29 
(1)Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc.
(2)Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.



Accenture plc
Summary of Revenues
(In thousands of U.S. dollars)
(Unaudited)
Three Months EndedPercent
Increase
U.S.
Dollars		Percent
Increase
Local
Currency
November 30, 2024November 30, 2023
GEOGRAPHIC MARKETS
Americas (1)$8,733,095 $8,026,972 9 %11 %
EMEA6,411,952 5,803,642 10 6 
Asia Pacific (1)2,544,498 2,393,689 6 4 
Total Revenues$17,689,545 $16,224,303 9 %8 %
INDUSTRY GROUPS
Communications, Media & Technology $2,857,885 $2,669,448 7 %7 %
Financial Services3,168,835 3,033,578 4 4 
Health & Public Service3,812,609 3,377,466 13 12 
Products5,425,317 4,859,987 12 10 
Resources 2,424,899 2,283,824 6 6 
Total Revenues$17,689,545 $16,224,303 9 %8 %
TYPE OF WORK
Consulting$9,045,228 $8,456,506 7 %6 %
Managed Services8,644,317 7,767,797 11 11 
Total Revenues$17,689,545 $16,224,303 9 %8 %
(1)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.


Accenture plc
Operating Income by Geographic Market
(In thousands of U.S. dollars)
(Unaudited)
Three Months Ended
  November 30, 2024November 30, 2023
Operating
Income		Operating
Margin		Operating
Income		Operating
Margin		Increase
Americas (1)$1,377,234 16 %$1,292,981 16 %$84,253 
EMEA 1,035,977 16 823,601 14 212,376 
Asia Pacific (1) 535,266 21 448,305 19 86,961 
Total Operating Income$2,948,477 16.7 %$2,564,887 15.8 %$383,590 
(1)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.








Accenture plc
Reconciliation of Operating Income, as Reported (GAAP) to Operating Income as Adjusted (Non-GAAP)
(In thousands of U.S. dollars)
(Unaudited)
Three Months Ended
  November 30, 2024November 30, 2023
As Reported (GAAP)Operating
Margin (GAAP)		As Reported
(GAAP)		Business Optimization (1)Adjusted (Non-GAAP)Operating
Margin (Non-GAAP)		Increase (Non-GAAP)
Americas (2)$1,377,234 16 %$1,292,981 $50,055 $1,343,036 17 %$34,198 
EMEA1,035,977 16 823,601 70,804 894,405 15 141,572 
Asia Pacific (2)535,266 21 448,305 18,805 467,110 20 68,156 
Total Operating Income$2,948,477 16.7 %$2,564,887 $139,664 $2,704,551 16.7 %$243,926 
(1)Costs recorded in connection with our business optimization initiatives, primarily for employee severance.
(2)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.


Accenture plc
Reconciliation of Net Income and Diluted Earnings Per Share, as Reported (GAAP), to Net Income and Diluted Earnings Per Share, as Adjusted (Non-GAAP)
(In thousands of U.S. dollars, except per share amounts)
(Unaudited)
Three Months Ended
November 30, 2024November 30, 2023
As Reported (GAAP)As Reported (GAAP)Business Optimization (1)Adjusted (Non-GAAP)
Operating Income$2,948,477 $2,564,887 $139,664 $2,704,551 
Operating Margin16.7 %15.8 %0.9 %16.7 %
Income before income taxes2,955,245 2,616,653 139,664 2,756,317 
Income tax expense639,055 606,672 33,978 640,650 
Net Income$2,316,190 $2,009,981 $105,686 $2,115,667 
Effective tax rate21.6 %23.2 %24.3 %23.2 %
Diluted earnings per share (2)$3.59 $3.10 $0.17 $3.27 
(1)Costs recorded in connection with our business optimization initiatives, primarily for employee severance.
(2)The impact of the business optimization costs on diluted earnings per share are presented net of related taxes. The income tax effect was negative $0.05 for the three months ended November 30, 2023. This includes both the current and deferred income tax impact and was calculated by using the relevant tax rate of the country where the costs were recorded.



Accenture plc
Consolidated Balance Sheets
(In thousands of U.S. dollars)

 November 30, 2024August 31, 2024
ASSETS(Unaudited) 
CURRENT ASSETS:
Cash and cash equivalents$8,306,055 $5,004,469 
Short-term investments5,150 5,396 
Receivables and contract assets14,574,637 13,664,847 
Other current assets2,312,495 2,183,069 
Total current assets25,198,337 20,857,781 
NON-CURRENT ASSETS:
Contract assets128,981 120,260 
Investments371,507 334,664 
Property and equipment, net1,507,460 1,521,119 
Lease assets2,669,480 2,757,396 
Goodwill20,868,911 21,120,179 
Other non-current assets9,123,394 9,220,964 
Total non-current assets34,669,733 35,074,582 
TOTAL ASSETS$59,868,070 $55,932,363 
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings$114,321 $946,229 
Accounts payable2,579,165 2,743,807 
Deferred revenues4,711,553 5,174,923 
Accrued payroll and related benefits6,602,324 7,050,833 
Lease liabilities709,964 726,202 
Other accrued liabilities2,469,641 2,334,133 
Total current liabilities17,186,968 18,976,127 
NON-CURRENT LIABILITIES:
Long-term debt5,039,460 78,628 
Lease liabilities2,282,652 2,369,490 
Other non-current liabilities5,256,567 5,339,870 
Total non-current liabilities12,578,679 7,787,988 
Total Accenture plc shareholders’ equity29,190,495 28,288,646 
Noncontrolling interest911,928 879,602 
Total shareholders’ equity30,102,423 29,168,248 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$59,868,070 $55,932,363 




Accenture plc
Consolidated Cash Flows Statements
(In thousands of U.S. dollars)
(Unaudited)
Three Months Ended
November 30, 2024November 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$2,316,190 $2,009,981 
Depreciation, amortization and other569,340 521,400 
Share-based compensation expense470,425 423,000 
Change in assets and liabilities/other, net(2,333,469)(2,455,830)
Net cash provided by (used in) operating activities1,022,486 498,551 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment(152,205)(68,933)
Purchases of businesses and investments, net of cash acquired(241,560)(788,025)
Proceeds from the sale of businesses and investments, net of cash transferred5,270 — 
Other investing, net2,971 1,528 
Net cash provided by (used in) investing activities(385,524)(855,430)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of ordinary shares477,367 477,434 
Purchases of shares(898,264)(1,191,128)
Proceeds from (repayments of) debt, net4,129,200 — 
Cash dividends paid(925,558)(810,056)
Other financing, net(30,997)(28,163)
Net cash provided by (used in) financing activities2,751,748 (1,551,913)
Effect of exchange rate changes on cash and cash equivalents(87,124)4,601 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS3,301,586 (1,904,191)
CASH AND CASH EQUIVALENTS, beginning of period
5,004,469 9,045,032 
CASH AND CASH EQUIVALENTS, end of period
$8,306,055 $7,140,841 


v3.24.4
Cover
Dec. 19, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Dec. 19, 2024
Entity Registrant Name Accenture plc
Entity Incorporation, State or Country Code L2
Entity File Number 001-34448
Entity Tax Identification Number 98-0627530
Entity Address, Address Line One 1 Grand Canal Square
Entity Address, Address Line Two Grand Canal Harbour
Entity Address, City or Town Dublin
Entity Address, Postal Zip Code 2
Entity Address, Country IE
Country Region 353
City Area Code 1
Local Phone Number 646-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A ordinary shares, par value $0.0000225 per share
Trading Symbol ACN
Security Exchange Name NYSE
Entity Central Index Key 0001467373
Amendment Flag false
Entity Emerging Growth Company false
Accenture (NYSE:ACN)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Accenture Charts.
Accenture (NYSE:ACN)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Accenture Charts.