Accenture Plc - Company Profile
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Business Description
Accenture Plc (Accenture) provides strategy and consulting, technology, interactive, and operations services. The company’s solutions find applications in various industries, including consumer goods, retail and travel services, banking and capital markets, software and platforms, and industrial and life sciences.
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R&D Overview
Accenture’s R&D arm focuses on improving the performance of existing technologies and developing new technologies. The company strives to improve its platforms, capabilities, and services through the adoption of advanced technologies, including quantum computing, edge computing, generative AI, the metaverse, robotics, 5G, and blockchain. Its R&D capabilities enable the company to overcome technical barriers encountered in the commercialization of sophisticated consulting, technology, and outsourcing offerings through its Accenture Research, Accenture Ventures, and Accenture Labs, Studios, and Innovation Centers, a network of more than 100 innovation hubs and delivery centers. In FY2023, the company incurred expenses of US$1,298.7 million on R&D, which as a percentage of revenue, stood at 2%.
Business Segments
Overview
Operates through three categories: communications and media; high tech; and software and platforms. Under the communications and media category, the segment serves wireless, wireline, broadcast, entertainment, publishing, print, cable, and satellite communications service providers. The high tech category comprises enterprise technology, semi-conductor, network equipment, aerospace and defense, consumer technology, and medical equipment companies. Through the software and platforms category, the segment serves cloud-based enterprise and consumer software companies; and social, retail, e-commerce, advertising, content, and gaming platform companies.
Performance
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Overview
Comprises banking, and capital markets; and insurance industries. Under the banking and capital markets category, the segment serves retail and commercial banks, mortgage lenders, investment banks, payment providers, wealth and asset management firms, broker/dealers, exchanges, depositories, clearing and settlement organizations, and other diversified financial enterprises. The insurance category comprises property and casualty insurers, reinsurance firms, life insurers, and insurance brokers.
Performance
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Overview
Comprises health and public service. The health category includes healthcare providers including public health systems, hospitals, policy-making authorities, health insurers, and industry organizations and associations. Through the public services category, the segment serves defense departments and military forces; non-profit organizations; justice departments; human and social services agencies; public safety authorities; educational institutions; cities; and postal, customs, revenue and tax agencies.
Performance
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Overview
Operates through three categories: consumer goods, retail and travel services; industrial; and life sciences. The consumer goods, retail and travel services category comprises food and beverages, household goods, personal care, tobacco, agribusiness, fashion/apparel, consumer health companies; retailers, supermarkets, mass-merchandise discounters, specialty retailers and departmental stores; airlines; and travel and hospitality services companies. Under the industrial category, it serves industrial and electrical equipment manufacturers and suppliers, and construction, consumer durables, heavy equipment, engineering services, freight and logistics, real estate business services, and automotive and public transportation companies. The life sciences category includes medical technology, biopharmaceutical, and biotechnology companies and distributors.
Performance
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Overview
Includes chemicals and natural resources, energy, and utilities. Under the chemicals and natural resources category, the segment serves petrochemicals, polymers and plastics, gases, specialty chemicals, and agricultural chemical companies; and mining, metals, forest products, and building materials industries. The energy category serves the oil and gas industry, including upstream, downstream, midstream, clean energy, oilfield services, and energy trading companies. Through the utilities category, the segment serves gas, electric, and water utilities; and new energy providers.
Performance
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Geographical Segments
Performance
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Target Markets
Asia Pacific, Latin America, Africa and the Middle East
Performance
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Performance
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