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How Does Accenture Make its Money?
Accenture is one of the world’s largest professional services companies, providing consulting, technology, and managed services to clients across more than 120 countries. The company employs approximately 774,000 people worldwide, making it one of the largest private employers in the professional services industry. Accenture helps companies digitally transform their businesses through strategy consulting, technology implementation, and ongoing operations. The company has been investing heavily in generative AI capabilities, booking billions in AI-related deals.
Accenture (ACN) Business Model
Accenture operates in the it services sector. Below is a summary of Accenture’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Accenture’s 2024 fiscal year filings with the SEC.
Accenture Competitors
Accenture’s key competitors and comparable public companies in the technology sector include IBM, Microsoft, and Salesforce. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Accenture stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
Accenture’s total revenue in 2024 grew 1.6% year-over-year. Here is how their revenue breaks down by segment:
| Revenue Stream | 2024 | 2023 |
|---|---|---|
| Consulting | $33,900 | $33,600 |
| Managed Services | $31,300 | $30,400 |
| Total | $65,100 | $64,100 |
All values in millions USD unless otherwise stated.
Income Statement Breakdown
Here is a summary of Accenture’s income statement comparing 2024 to 2023:
| Item | 2024 | 2023 |
|---|---|---|
| Total Revenue | $65,100 | $64,100 |
| Cost of Revenue | $44,700 | $44,200 |
| Gross Profit | $20,400 | $19,900 |
| Operating Expenses | $10,900 | $10,800 |
| Operating Income | $9,500 | $9,100 |
| Net Income | $7,300 | $7,000 |
All values in millions USD.
Key Financial Metrics
Gross Margin: 31.3% — This tells us how much profit Accenture keeps after direct costs of delivering their product or service.
Operating Margin: 14.6% — After accounting for all operating expenses like R&D, sales, and administration, this is the profit margin from core operations.
Revenue Growth: 1.6% — Year-over-year revenue growth from 2023 to 2024.
Is Accenture Profitable?
Yes, Accenture is profitable. The company reported net income of $7,300 on total revenue of $65,100.
Accenture (ACN) Financial Summary
Accenture (ACN) is an it services company that generated $65,100 in total revenue in fiscal year 2024. The company earned $7,300 in net income, making it profitable. For a deeper look at Accenture’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.