Accenture has reported financial results for the first quarter of fiscal 2023, which ended November 30, 2022, with revenues of $15.7 billion, an increase of 5% in U.S. dollars and 15% in local currency over the same period last year.
Julie Sweet, chair and CEO, Accenture, said, “Our strong first quarter results reflect our laser focus on creating value for our clients, as well as the significant investments in our business and capabilities we make year in and year out to meet the evolving needs of our clients.”
“Today, all strategies lead to technology, and Accenture’s depth and breadth, leading ecosystem relationships and continuous innovation are enabling clients to digitize faster, build greater resiliency and optimize costs. Thanks to our extraordinary people, we continue to deliver 360° value for all our stakeholders, and are pleased to share our goals, progress and performance in our newly enhanced 360° Value Reporting Experience.” She added.
Let’s have look at the Company’s Key Progress in FY22 in the context of People:
Accenture invested $1.1B in the Training and Development of its people. The firm endures 360-degree value for its people and the community. Accenture delivered revenue of $62 billion which reveals a massive 26% growth in local currency.
The firm has been able to create tangible value in the market due to its people and continuous upskilling of its knowledge base. The global brand enriched its employee base in 2022 and added 100,000 people onboard globally. The firm employs a total of 7,21,000 talented people across 120 countries.
Accenture also promoted 1,57,000 people in 2022. The firm was recognized as Top 10 best places to work in nine countries i.e. Argentina, Brazil, France, India, Japan, Mexico, Philippines, UK, and USA. Accenture provided 40 million training hours, an increase of 27% compared to the fiscal year 2021.
Another progress in the Fiscal year 2022 is the use of digital tools such as Calm and Wysa (digital mental health ally program). Post-Covid, Accenture has been thriving high to lower stress, enhance well-being, and build resilience among its people.
By 2025, Accenture pledges to have a Gender Parity of 50% male and 50% female workforce. Currently, the firm includes 47% women workforce and is among the top 100 most valuable Brand Lists.
Accenture has been on the Bloomberg Gender-Equality Index as High Scoring company in 2022 and being present for 5 consecutive years on the list. The firm employs 28% Women Managing Directors on track to achieve 30% by 2025.
Accenture has dollar-for-dollar 100% pay equity for women compared to men in each country where the firm operates.
Accenture has consistently leveraged its expertise in Digital Learning and Collaboration. The firm has partnered with UNICEF Generation Unlimited on the new Passport to Earning platform program to equip 10 Million young people between 15-24 years of age. The program has been launched across 10 countries to prepare young talents with digital skills.
Metaverse Continuum
Accenture has been moving seamlessly during digital disruption times. The Metaverse continuum has helped the organization to evolve with rich innovation. The tech giant runs an enterprise-wide digital transformation drive wherein a Metaverse-based ecosystem is strongly being built.
The firm is moving its clients, people, and stakeholders to Cloud, leveraging data and Artificial Intelligence. In the post-pandemic market conditions in the current year 2022, Accenture deployed 38 acquisitions that are balanced across markets, services, and strategic dynamics.
Key highlights for the year 2022:
- The Metaverse continuum has enabled the organization to evolve with a rich innovation. Accenture has consistently leveraged its expertise in Digital Learning and Collaboration
- Accenture has dollar-for-dollar 100% pay equity for women compared to men in each country where the firm operates.
- Accenture also promoted 1,57,000 people in 2022.
- The firm was recognized as Top 10 best places to work in nine countries.
- Accenture invested $1.1B in the Training and Development of its people
- Accenture employs 28% Women Managing Directors on track to achieve 30% by 2025.
- Accenture has been thriving high to lower stress, enhance well-being, and build resilience among its people through mental health programs and digital apps.
