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2017 Letter to our shareholders - Accenture


"Accenture’s very strong financial performance in fiscal 2017 reflects the continued successful execution of our growth strategy—in particular, the rapid rotation of our business to new, high-growth areas."

Pierre Nanterme

Chairman & CEO

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OUR FINANCIAL REPORT

We delivered a durable and balanced performance in fiscal 2017 as we continued rotating to “the New“—digital, cloud and security services.

Twelve months ended August 31, 2017

NET REVENUES


$34.9B


An increase of 7 percent in local currency and 6 percent in US dollars from fiscal 2016. Includes $18 billion from “the New”— an increase of about 30 percent in local currency

NET REVENUES


$34.9B


An increase of 7 percent in local currency and 6 percent in US dollars from fiscal 2016. Includes $18 billion from “the New”— an increase of about 30 percent in local currency

NEW BOOKINGS


$37.4B


An increase of 6 percent in local currency and in US dollars from fiscal 2016


NEW BOOKINGS


$37.4B


An increase of 6 percent in local currency and in US dollars from fiscal 2016


DILUTED EARNINGS PER SHARE


$5.44

GAAP


After excluding a $0.47 pension settlement charge in fiscal 2017 and $1.11 in gains on the sale of businesses in fiscal 2016, adjusted EPS of $5.91 increased 11 percent from $5.34 in fiscal 2016

DILUTED EARNINGS PER SHARE


$5.44

GAAP


After excluding a $0.47 pension settlement charge in fiscal 2017 and $1.11 in gains on the sale of businesses in fiscal 2016, adjusted EPS of $5.91 increased 11 percent from $5.34 in fiscal 2016

OPERATING MARGIN


13.3%

GAAP


After excluding a 150 basis-point impact from a pension settlement charge, adjusted operating margin was 14.8 percent, an expansion of 20 basis points from fiscal 2016


OPERATING MARGIN


13.3%

GAAP


After excluding a 150 basis-point impact from a pension settlement charge, adjusted operating margin was 14.8 percent, an expansion of 20 basis points from fiscal 2016


FREE CASH FLOW


$4.5B


Defined as operating cash flow of $5.0 billion net of property and equipment additions of $516 million

FREE CASH FLOW


$4.5B


Defined as operating cash flow of $5.0 billion net of property and equipment additions of $516 million

CASH RETURNED TO SHAREHOLDERS


$4.2B


Defined as cash dividends of $1.57 billion plus share repurchases of $2.65 billion

CASH RETURNED TO SHAREHOLDERS


$4.2B


Defined as cash dividends of $1.57 billion plus share repurchases of $2.65 billion

COMPARISON OF CUMULATIVE TOTAL RETURN

August 31, 2012 – August 31, 2017
Accenture vs. S&P 500 Stock Index and S&P 500 Information Technology Sector Index

The performance graph to the right shows the cumulative total shareholder return on our Class A shares for the period starting on August 31, 2012, and ending on August 31, 2017, which was the end of fiscal 2017. This is compared with the cumulative total returns over the same period of the S&P 500 Stock Index and the S&P 500 Information Technology Sector Index. The graph assumes that, on August 31, 2012, $100 was invested in our Class A shares and $100 was invested in each of the other two indices, with dividends reinvested on the ex-dividend date without payment of any commissions. The performance shown in the graph represents past performance and should not be considered an indication of future performance.

Index Prices as
of August 31

AWARDS AND RECOGNITION


RECOGNIZED AMONG

FORTUNE’s World’s Most
Admired Companies

for 15 consecutive years;
ranked No. 1 in IT Services
category for four years

RANKED NO. 24 ON

Barron’s 500

marking 15 consecutive years
and two as the top-ranked
company in industry sector

RANKED NO. 272 ON

Forbes’ Global 2000

marking 14 consecutive years


RANKED NO. 305 ON

FORTUNE’s Global 500

marking 16 consecutive years

RANKED NO. 37 ON

Interbrand's Best
Global Brands

marking 16 consecutive years

RECOGNIZED IN

CDP's Climate Change Report

as a leading company for
reducing emissions and mitigating
climate change


INCLUDED ON

Dow Jones Sustainability
Index North America and
FTSE4GOOD Global Index

for 13 consecutive years

INCLUDED ON

FORTUNE’s
Change the World list

of the 50 best companies
putting purpose at the center
of their business strategies

DEBUTED AT NO. 53 ON

Barron’s 100 Most Respected
American Companies


RECOGNIZED AMONG

Ethisphere's World's Most
Ethical Companies

for 10 consecutive years

INCLUDED ON

FORTUNE’s 100 Best
Companies to Work For

for nine consecutive years

RANKED NO. 12 ON THE

Thomson Reuters
Diversity & Inclusion Index

marking two consecutive years


RECOGNIZED ON

DiversityInc's Top 50
Companies for Diversity

for 11 consecutive years
and six in the top 15

JOINED

Working Mother's
100 Best Companies
Hall of Fame

recognizing 15
consecutive years

RECEIVED A PERFECT SCORE ON

Human Rights Campaign's
Corporate Equality Index

each year since 2008

ADDITIONAL INFORMATION

Stock listing

Accenture plc Class A ordinary shares are traded on the New York Stock Exchange under the symbol ACN.

Available information

Our website address is www.accenture.com. We use our website as a channel of distribution for company information. We make available, free of charge, on the Investor Relations section of our website (investor.accenture.com) our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports 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”). We also make available through our website other reports filed with or furnished to the SEC under the Exchange Act, including our proxy statements and reports filed by officers and directors under Section 16(a) of the Exchange Act, as well as our Code of Business Ethics. Financial and other material information regarding Accenture is routinely posted on and accessible at investor.accenture.com. We do not intend for information contained in this letter or on our website to be part of the Annual Report on Form 10-K. This letter and our Annual Report on Form 10-K for the fiscal year ended August 31, 2017, together constitute Accenture’s annual report to security holders for purposes of Rule 14a-3(b) of the Exchange Act.

Accenture discloses information about "the New"—digital, cloud and security services—to provide additional insights into the company's business. Net revenues for the New are approximate, require judgment to allocate revenues for arrangements with multiple offerings and may be modified to reflect periodic changes to the definition of the New.


Trademark references

Rights to trademarks referenced herein, other than Accenture trademarks, belong to their respective owners. We disclaim proprietary interest in the marks and names of others.

Forward-looking statements and certain factors that may affect our business

We have included in this letter “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “will,” “expect,” “believe” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to, the factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q (available through the Investor Relations section of our website at investor.accenture.com) under the sections entitled “Risk Factors.” Our forward-looking statements speak only as of the date of this letter or as of the date they are made, and we undertake no obligation to update them.

Reconciliation of non-GAAP measures

This letter contains certain non-GAAP (Generally Accepted Accounting Principles) measures that our management believes provide our shareholders with additional insights into Accenture’s results of operations. The non-GAAP measures in this letter are supplemental in nature. They should not be considered in isolation or as alternatives to net income as indicators of company performance, to cash flows from operating activities as measures of liquidity, or to other financial information prepared in accordance with GAAP. Reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under GAAP are included in this letter.



Download materials

2017 LETTER TO SHAREHOLDERS

10-K FOR FISCAL YEAR 2017

CEO LETTER AND 10-K FOR FISCAL YEAR 2017