Driving reinvention, delivering 360° value
2023 Letter to Shareholders
From our Chair and CEO
"Our strong results for fiscal 2023 reflect our constant focus on the needs of our clients, the uniqueness and breadth of our services and industry expertise, and the commitment and dedication of our 733,000 talented people."
Our financial results
Revenues
$64.1B
An increase of 8% in local currency and 4% in U.S. dollars
New bookings
$72.2B
A 5% increase in local currency and 1% in U.S. dollars, with a book-to-bill of 1.1
Diluted earnings per share (Adjusted)
$11.67
A 9% increase, after adjusting fiscal 2023 GAAP EPS to $10.77 to exclude the impact of business optimization costs of $1.28 per share and an investment gain of $0.38 per share. On a GAAP basis, full-year FY23 EPS increased 1%
Operating margin (Adjusted)
15.4%
An expansion of 20 basis points, after adjusting fiscal 2023 GAAP operating margin of 13.7% to exclude business optimization costs of 170 basis points. On a GAAP basis, full-year FY23 operating margin decreased 150 bps
Free cash flow
$9.0B
Defined as operating cash flow of $9.5 billion net of property and equipment additions of $528 million
Cash returned to shareholders
$7.2B
Defined as cash dividends of $2.8 billion plus share repurchases of $4.3 billion
Other highlights
$2.5B
Deployed across 25 strategic acquisitions to scale our business in high-growth areas, add skills and capabilities in new areas and deepen our industry and functional expertise
$1.3B
Invested in research and development in our assets, platforms and industry and functional solutions
$1.1B
Invested in learning and professional development
123,000
We celebrated 123,000 promotions, demonstrating our continued commitment to creating vibrant careers and opportunities for our people
48%
We are now 48% women compared to our goal of 50% by 2025
40M
Delivered approximately 40 million training hours with our digital learning platform
21
Consecutive years on the FORTUNE World’s Most Admired Companies list and 10th consecutive year as No. 1 in IT services
70%
Accenture is recognized as a top 10 place to work in eight countries, representing 70% of our people
No. 1
on the Refinitiv Global Diversity & Inclusion Index for the 4th time in 6 years