Accenture Revenues Reach $10.3 Billion in 2000.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--March 21, 2001 Revenues at Accenture, formerly known as Andersen Consulting, reached $10.3 billion for the year ended December 31, 2000, a 10 percent increase over 1999 results and a 14 percent increase excluding the effects of currency translations. On a geographic basis, the firm's Asia Pacific region accounted for the largest percentage increase in overall revenues, with 21 percent growth in US dollars (22 percent when adjusted for currency translations). Revenues in the Americas grew 11 percent, and the firm's Europe/Middle East/Africa/India (EMEAI EMEAI - Europe, Middle East, Africa, India) region posted 6 percent growth in US dollars and a 19 percent increase when adjusted for currency translations. Accenture's Products global market unit achieved the highest growth rate of the firm's five global market units, increasing its revenues by 21 percent to $2.1 billion. Communications & High Tech, the firm's largest global market unit, reported revenues of $3 billion, an 18 percent increase over 1999. Revenues for the Financial Services and Government global market units increased 3 percent each, to $2.7 billion and $811 million, respectively. Revenues for the Resources global market unit remained relatively unchanged, at $1.7 billion. In addition to a 10 percent increase in revenues, Accenture also increased its workforce in 2000. As of December 31, 2000, Accenture had approximately 71,300 employees and partners worldwide, a 9 percent increase over December 31, 1999. "The year 2000 was marked by growth and accomplishment for Accenture," said managing partner and CEO Joe W. Forehand. "Particularly gratifying was the upward trend in our revenues during the second half of 2000, as demand for our services increased. Overall, we achieved double-digit revenue growth and added to our client roster, talent pool, capabilities and service offerings." For example, Accenture is creating solutions to keep pace with evolving technologies and businesses that will be conducted on the move and by hand via cell phones, mobile laptops, PDAs and a range of other devices. The firm has established mobile commerce labs in Europe and the United States and has also built a rapid application development platform called the Mobile Corporate Portal, which is being used internally and by select clients. In addition, the firm is working with leading-edge companies to help harness the characteristics of mobile technologies.
Accenture Net Revenues by Market Unit
For the Year Ended December 31, 2000
($US Millions)
Note: Accenture groups its industries under five "global market
units": Communications & High Tech, Financial Services, Government,
Products, and Resources.
GLOBAL MARKET UNIT 2000 REVENUE GROWTH RATE *
(and related industry groups) ($US Millions)
Communications & High Tech 3,028 18
Communications
Electronics & High Tech
Media & Entertainment
Financial Services 2,687 3
Banking
Health Services
Insurance
Government 811 3
Products 2,052 21
Automotive
Consumer Goods & Services
Industrial Equipment
Pharmaceuticals & Medical Products
Retail
Transportation & Travel Services
Resources 1,699 0
Chemicals
Energy
Forest Products
Metals & Mining
Utilities
WORLDWIDE TOTAL 10,276 10
Accenture Net Revenues by Geographic Area
For the Year Ended December 31, 2000
($U.S. Millions)
AREA 2000 REVENUES U.S. Dollar Growth Local Currency
Rate * Growth Rate *
Americas 5,660 11 11
Asia Pacific 777 21 22
Europe/Middle East/
Africa/India 3,839 6 19
WORLDWIDE TOTAL 10,276 10 14
* Calendar year 2000 net revenue growth is based on restated 1999 net revenues of $9,365M as a result of an accounting policy change. [pilcrow (paragraph sign)] About Accenture Accenture, formerly known as Andersen Consulting, is a $10 billion global management and technology consulting organization. The firm is reinventing itself to become the market maker, architect and builder of the new economy, bringing innovations to improve the way the world works and lives. More than 70,000 people in 46 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its strategy, the firm is building a network of businesses to meet the full range of client needs - consulting, technology, outsourcing, alliances and venture capital. Accenture's home page is http://www.accenture.com. On January 1, 2001, Andersen Consulting changed its name to Accenture. Since August 7, 2000 the firm has not been associated with Andersen Worldwide or Arthur Andersen. |
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