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Driving reinvention, delivering 360° value

2023 Letter to Shareholders

From our Chair and CEO

"Our strong results for fiscal 2023 reflect our constant focus on the needs of our clients, the uniqueness and breadth of our services and industry expertise, and the commitment and dedication of our 733,000 talented people."

— JULIE SWEET, Chair and Chief Executive Officer

Our financial results



An increase of 8% in local currency and 4% in U.S. dollars

New bookings


A 5% increase in local currency and 1% in U.S. dollars, with a book-to-bill of 1.1

Diluted earnings per share (Adjusted)


A 9% increase, after adjusting fiscal 2023 GAAP EPS to $10.77 to exclude the impact of business optimization costs of $1.28 per share and an investment gain of $0.38 per share. On a GAAP basis, full-year FY23 EPS increased 1%

Operating margin (Adjusted)


An expansion of 20 basis points, after adjusting fiscal 2023 GAAP operating margin of 13.7% to exclude business optimization costs of 170 basis points. On a GAAP basis, full-year FY23 operating margin decreased 150 bps

Free cash flow


Defined as operating cash flow of $9.5 billion net of property and equipment additions of $528 million

Cash returned to shareholders


Defined as cash dividends of $2.8 billion plus share repurchases of $4.3 billion

Other highlights


Deployed across 25 strategic acquisitions to scale our business in high-growth areas, add skills and capabilities in new areas and deepen our industry and functional expertise


Invested in research and development in our assets, platforms and industry and functional solutions


Invested in learning and professional development 


We celebrated 123,000 promotions, demonstrating our continued commitment to creating vibrant careers and opportunities for our people


We are now 48% women compared to our goal of 50% by 2025


Delivered approximately 40 million training hours with our digital learning platform


Consecutive years on the FORTUNE World’s Most Admired Companies list and 10th consecutive year as No. 1 in IT services 


Accenture is recognized as a top 10 place to work in eight countries, representing 70% of our people

No. 1

on the Refinitiv Global Diversity & Inclusion Index for the 4th time in 6 years

Comparison of cumulative total return

Awards and recognition

AVTAR & Seramount Best Companies for Women in India

Top 10 for 8 consecutive years; Hall of Fame since 2020

AVTAR & Seramount Most Inclusive Companies Index in India

“Champions of Inclusion” for 5 consecutive years

Bloomberg Gender-Equality Index

Top scoring company for 2 consecutive years

Brandon Hall Group Excellence in Human Capital Management Awards

Top winner for 8 consecutive years; recognized this year for DEI, Future of Work, HR, Leadership Development, Learning & Development, Sales Performance, Talent Acquisition and Talent Management

BrandZ Most Valuable Global Brands

No. 22 with a brand value of $73.6B; marking 18 consecutive years on list

Brand Finance Most Valuable IT Services Brands

No. 1 for the 5th consecutive year with a brand value of $39.9B

Business Today India’s Best Companies to Work For

No. 2, marking 12 consecutive years among the Top 10

Cannes Lions

Accenture Song won 9 Lions, including the prestigious Titanium Grand Prix

Disability:IN Disability Equality Index

Among top-scoring companies for 7 consecutive years

Ethisphere World’s Most Ethical Companies

16 consecutive years

Fair360 Top 50 Companies for Diversity in the U.S.

Hall of Fame; No. 1 in 2022; 16 consecutive years on list

Forbes Global 2000

No. 160, marking 20 consecutive years on list

FORTUNE Global 500

No. 220, marking 22 consecutive years on list

FORTUNE Most Powerful Women

Chair and CEO Julie Sweet No. 2 for the 2nd consecutive year

FORTUNE World’s Most Admired Companies

No. 1 in our industry for 10 years, No. 32 overall, marking 21 consecutive years on list

Great Place to Work® Best Workplaces™

No. 17 on World’s Best Workplaces™; No. 15 in Asia and Latin America; Top 10 in 7 countries: Argentina, Brazil, Chile, Indonesia, Mexico, Philippines, and U.S.

Human Rights Campaign Corporate Equality Index

Among top-scoring companies in Argentina, Chile, Mexico and U.S.

JUST Capital America’s Most JUST Companies

No. 1 in our industry, No. 4 overall, 7 consecutive years on list

LATINA Style 50 Best Companies for Latinas to Work for in the U.S.

No. 1, marking 10 consecutive years on list

Minshu Top Employers in Japan

No. 1 in our industry, No. 21 overall, 8 consecutive years on list

Refinitiv Global Diversity & Inclusion Index

No. 1 for the 4th time in 6 years, 8 consecutive years on list

The Times Top 50 Employers for Gender Equality in the U.K.

8 consecutive years

Workplace Pride Global Benchmark

Among the highest-scoring companies for 7 consecutive years

Additional information

Stock listing

Available information

Trademark references

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

Reconciliation of non-GAAP measures