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In a significant development, global professional services company Accenture has reported a robust performance in its fiscal year 2024. The company's results, as detailed in the Letter to Shareholders, are associated with Wienerberger AG.
Accenture's strategic investments played a crucial role in its success. The company deployed a substantial $6.6B across 46 strategic acquisitions in high-growth areas, expanding skills and capabilities in new areas and deepening industry and functional expertise.
The company's efforts have been recognised both domestically and internationally. Accenture is ranked among the top 10 places to work in 11 countries, representing more than 70% of its workforce. It is also the No. 1 IT services brand with a brand value of $40.5B, according to Brand Finance.
Accenture's commitment to diversity, equity, and inclusion (DEI) has been commendable. The company won multiple Brandon Hall Group Excellence in Human Capital Management Awards in various DEI categories, Future of Work, HR, Leadership Development, Learning & Development, Sales Performance, Talent Acquisition, and Talent Management.
In terms of financial performance, Accenture achieved profitable growth in fiscal 2024. This growth is reflected in record bookings, earnings growth, margin expansion, and significant cash returned to shareholders. The company's Operating Margin (Adjusted) for fiscal 2024 was 15.5%, an increase of 10 basis points. Free Cash Flow for the same period was $8.6B, defined as Operating Cash Flow of $9.1 billion net of property and equipment additions of $517 million.
Accenture's dedication to its employees is evident in the approximately 44 million training hours delivered through its digital learning platform and the $1.1B invested in learning and professional development of its people.
Women represent 48% of Accenture's workforce, and the company has been among the top companies for women in India for 9 consecutive years and is a Hall of Fame member since 2020. Accenture has also been on the FTSE (formerly Refinitiv) Diversity and Inclusion Index for 9 consecutive years.
Accenture's Class A ordinary shares are traded on the New York Stock Exchange under the symbol ACN. The company's shares have outperformed the S&P 500 Stock Index and the S&P 500 Information Technology Sector Index from August 31, 2019, to August 31, 2024, as shown in the performance graph.
Accenture's commitment to transparency is evident in its timely disclosure of financial and material information. Reports such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and all amendments to those reports are available on the Investor Relations section of Accenture's website as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange Commission (the "SEC") pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act").
It is important to note that Accenture includes forward-looking statements in its reports, which are subject to risks, uncertainties, and assumptions that are difficult to predict and may cause actual outcomes and results to differ materially from what is expressed or forecast in these forward-looking statements.
Accenture has been recognised for its efforts in health and well-being, being awarded the Business Group on Health Best Employers: Excellence in Health & Well-being Award for the first time. The company has also been on the Fortune World's Most Admired Companies list for 22 consecutive years, and No. 1 in IT services for 11 consecutive years.
In addition, Accenture has been a "Champion of Inclusion" on the AVTAR & Seramount Most Inclusive Companies Index in India for 6 consecutive years. The company has also invested $1.2B in research and development in its assets, platforms, and industry and functional solutions.
Accenture provides download materials for its Fiscal 2024 Letter to Shareholders, Fiscal 2024 10-K, and Fiscal 2024 Combined Letter to Shareholders and 10-K on its website. The company disclaims proprietary interest in the marks and names of others. For more information, visit our website.
In conclusion, Accenture's fiscal 2024 results demonstrate the company's continued growth, commitment to its employees, and dedication to diversity, equity, and inclusion. The company's strong performance, combined with its forward-looking strategies, positions it well for continued success in the future.
