Accenture results meet expectations
Sitting at the midpoint of the company’s guided range of $10.6bn to 11bn, Accenture’s revenues for the fourth quarter of fiscal 2020 decreased 2 percent to $10.84bn in comparison with the fourth quarter of fiscal 2019.
Operating income for Q4 was $1.54bn, or 14.3 percent of revenues, compared with $1.57bn for the fourth quarter of fiscal 2019.
Accenture also shared strong full year fiscal 2020 results, with the company reporting revenues of $44.3bn, up 3 percent in comparison to $43.2bn last year. Operating income was $6.51bn, or 14.7 percent of revenues, compared with $6.31bn in fiscal 2019, and the company achieved a record $49.6bn in new bookings for the full year.
Julie Sweet, Accenture’s chief executive officer, said, “Accenture’s fiscal 2020 results demonstrate the relevance of our growth strategy, the resilience of our business and our people, and the power of our relationships with the world’s leading companies and ecosystem partners. 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.”