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Accenture delivered FY20 (to end August) revenues of $44.3b, an increase of 4% year on year in local currency; growth would have been 1% higher had it not been for a reduction in revenues from reimbursable travel costs. The executive team pointed to the resilience of the business due to the diversity in its operations and the discipline throughout the organisation. The operating margin improved from 14.6% to 14.7%. Having pursued redundancies (see Accenture to make 900 UK staff redundant), the utilisation rate in Q4 stood at 90%.
The benefit of having a diversified business is seen most starkly in the Q4 performance – a period when the impact of the pandemic would have been felt throughout. TechMarketView subscribers – including those with a UKHotViews Premium subscription – can read more in UKHotViewsExtra: Accenture Q4 & FY20: Continuing UK declines.
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Posted by Georgina O'Toole at '19:23' - Tagged: results consulting itservices operations Solutions
