At the same time, in fiscal 2019, we invested $1.2 billion across 33 acquisitions to acquire critical skills and capabilities in strategic, high-growth areas of the market. The vast majority of that capital was deployed in “the New”—digital, cloud and security services.
An important strategic acquisition this year was creative agency Droga5, which brings unparalleled brand expertise, creativity and strategic rigor to help clients reinvent their customer experiences and forge meaningful connections. Droga5 further strengthens our market-leading business in Accenture Interactive, which reached a key milestone in fiscal 2019 by surpassing $10 billion in annual revenue.
The New is our core—accounting for about 65 percent of total revenues—and we still have huge growth opportunities across all of these businesses. Accenture Industry X.0, which we launched last year, is among the most exciting as we look ahead.
Industry X.0 is focused on the digital reinvention of industries through advanced technologies including the Internet of Things, connected devices and digital platforms. For example, we have been working with Magneti Marelli (now MARELLI), a leading automotive supplier, to deploy sensors and artificial intelligence to monitor critical production equipment and anticipate possible breakdowns, improving operating efficiency.
Collaboration is fundamental to how we work with our clients. That’s why we continue to invest in our Innovation Architecture, which combines research, ventures, labs, studios, innovation centers and delivery centers. Across this network of more than 100 world-class facilities, innovation and industry come together, and ideas become solutions. The design thinking and strategic working sessions hosted in our innovation hubs have become integral to our clients’ understanding of their own businesses in the context of their peers and global best practices—as CEOs increasingly benchmark themselves against the best companies, regardless of industry.
Leading by example
Our purpose is to deliver value to all our stakeholders—and includes being a responsible business in how we serve our clients, creating value in our communities and for our people, and driving strong shareholder returns.
Our people and our culture are, and will continue to be, our biggest competitive advantage. We strive to be a magnet for the best people, who understand how helping our clients succeed has an impact on the millions they employ and the communities where we all work and live.
Our unwavering commitment to inclusion and diversity enables us to recruit and retain the most talented people in our markets. It creates an environment that unleashes innovation and allows our people to perform at their very best, and underpins a culture in which everyone feels they have an equal opportunity to belong and build a career.
I am extremely pleased that for the second year in a row, we have been ranked No. 1 on Refinitiv’s Diversity & Inclusion Index, which was previously produced by Thomson Reuters. I am also proud that we achieved another milestone on our path to gender equality by 2025. With nearly half a million people around the world, and as a technology powerhouse, we are now 44 percent women.
We continue to build the best possible leadership team. During fiscal 2019, we promoted 700 new managing directors and hired more than 400 from outside Accenture, adding highly specialized skills, industry expertise and fresh perspectives.
To stay on top of technology trends and remain relevant to our clients’ needs, we invested $973 million in learning and professional development in fiscal 2019, applying our continuous learning approach and focusing on emerging technologies, Agile development and intelligent platforms.
Through Skills to Succeed, we have joined with our external network of strategic partners to equip more than 2.8 million people to date around the world with the skills to get a job or build a business in the digital age.
Whether at work or in our communities, we believe our conduct counts. We strive to lead in critical areas and recently announced our commitment to using 100 percent renewable energy across our global operations by 2023. We were also very pleased to be ranked No. 1 on Barron’s new list of the Most Sustainable International Companies.
At Accenture, one of our greatest strengths is that we are always striving to be better. We know our clients need us to continue developing new solutions and helping them navigate the complex world in which we work and live. I am confident we will continue raising the bar, redefining what is possible and leading by example.
I want to thank David Rowland and our entire Global Management Committee, which came together under David’s inspiring leadership as interim CEO to ensure that we delivered on our commitments for fiscal 2019. This was the ultimate way to honor Pierre Nanterme, who passed away in January, for his incredible contributions over eight years as Accenture’s CEO.
In closing, I thank all Accenture people around the world for their dedication and commitment to our clients and our business. Based on our fiscal 2019 performance, the momentum in the business and our continued discipline in executing our growth strategy, I am very confident in our ability to continue creating value for all our stakeholders.