News » Accenture revenue grows 3% to $44.3 bn in fiscal year

Accenture revenue grows 3% to $44.3 bn in fiscal year

Accenture revenue grows 3% to $44.3 bn in fiscal year

Business process outsourcing (BPO) firm Accenture reported revenues of $44.3 billion for the full fiscal year, which is an increase of three per cent compared with fiscal 2019

However, the firm reported a decline in earnings and revenue for its fiscal fourth quarter that ended on August 31, down approximately 2 percentage points owing to a decline in revenues from the reimbursable travel costs.

The company registered $10.8 billion in revenue in its fourth quarter, compared with $11.06 billion for the fourth quarter of fiscal 2019. The Q4 net income was $1.12 billion, compared with $1.15 billion for the fourth quarter last year.

However, revenue growth for the year was reduced approximately 1 percentage point, again by a decline in revenues from reimbursable travel costs.

“Our ability to pivot rapidly to meet the needs of clients and new ways of operating is reflected in our record new bookings of $50 billion for fiscal 2020… As we turn the page to fiscal 2021, we are better positioned than ever to continue gaining market share and delivering tangible value for our clients and shared success for all our stakeholders,” said Accenture CEO Julie Sweet.

Read more here. 

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