Changes designed to help company extend market
leadership, drive significant value for all stakeholders and
continue to deliver market-leading growth
Accenture (NYSE: ACN) today announced changes to its growth
model and Global Management Committee, effective March 1, 2020.
Accenture will organize its market-leading capabilities into
four services: Strategy & Consulting, Interactive, Technology,
and Operations. The company will manage its business through three
geographic markets — North America, Europe, and Growth Markets —
instead of operating groups. Accenture will continue to go to
market by industry and will expand its global industry programs. At
the same time, Accenture will be making leadership changes and
expanding its Global Management Committee to include a broader
representation of leaders from its services and geographic
markets.
Accenture is making these changes at a time of unprecedented
change for its clients. Digital and technology are now core to
their success, fueling the need for enterprise-wide transformation
and continuous innovation. Digital disruption is blurring
traditional industry lines, making cross-industry expertise an
imperative. This disruption and other changes are happening at the
intersection of geography, industry and technology.
Given these dynamics, Accenture is increasing its agility to
bring to its clients a unique range of services, from strategy to
operations, with digital skills everywhere. Embedded across these
services are applied intelligence and deep industry, cross-industry
and functional expertise. Accenture also will accelerate innovation
by moving seamlessly between global and local, leveraging its
unmatched network of more than 100 innovation hubs and working even
more closely with its ecosystem partners to create solutions that
create value at speed. These changes will make the company an even
stronger partner of choice for transformation and innovation.
“Accenture’s formula for market leadership is enduring: We
continually transform our business and embrace change to create
value for our clients with incredibly talented people, including
our deep bench of experienced leaders,” said Julie Sweet,
Accenture’s chief executive officer. “The changes we are announcing
today will unleash the full potential of the extraordinary
capabilities we have built, create greater opportunities for our
people, and act as a catalyst for us to again set the new standard
in our industry.”
Accenture’s rotation to the New — digital, cloud and security —
over the last six years has demonstrated an unmatched ability to
identify and scale new opportunities in the most strategic,
high-growth areas of the market. These changes are designed to
increase the company’s ability to anticipate client needs and
market changes.
“Our growth model has always been a source of competitive
advantage for us,” Sweet said. “In 2014, we created Strategy,
Digital and the Growth Markets to grow our capabilities and
position Accenture for the next waves of growth. Now, in 2020, with
number one global market share and at about 65% of revenues in the
New, we are changing to better serve our clients today and tomorrow
and continue to scale from over 500,000 people and $43 billion in
revenue.”
Accenture confirmed that there is no change to its business
outlook for the second quarter and full fiscal year 2020 that the
company provided as part of its first-quarter fiscal 2020 earnings
announcement on Dec. 19, 2019.
For more information on Accenture’s new Global Management
Committee and leadership changes effective March 1, click here.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 505,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these
forward-looking statements. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied. These
include, without limitation, risks that: the changes to Accenture’s
business organization might not achieve the anticipated benefits;
Accenture’s results of operations could be adversely affected by
volatile, negative or uncertain economic and political conditions
and the effects of these conditions on the company’s clients’
businesses and levels of business activity; Accenture’s business
depends on generating and maintaining ongoing, profitable client
demand for the company’s services and solutions including through
the adaptation and expansion of its services and solutions in
response to ongoing changes in technology and offerings, and a
significant reduction in such demand or an inability to respond to
the evolving technological environment could materially affect the
company’s results of operations; if Accenture is unable to keep its
supply of skills and resources in balance with client demand around
the world and attract and retain professionals with strong
leadership skills, the company’s business, the utilization rate of
the company’s professionals and the company’s results of operations
may be materially adversely affected; Accenture could face legal,
reputational and financial risks if the company fails to protect
client and/or company data from security breaches or cyberattacks;
the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; changes in
Accenture’s level of taxes, as well as audits, investigations and
tax proceedings, or changes in tax laws or in their interpretation
or enforcement, could have a material adverse effect on the
company’s effective tax rate, results of operations, cash flows and
financial condition; Accenture’s profitability could materially
suffer if the company is unable to obtain favorable pricing for its
services and solutions, if the company is unable to remain
competitive, if its cost-management strategies are unsuccessful or
if it experiences delivery inefficiencies; Accenture’s results of
operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; as a result of Accenture’s
geographically diverse operations and its growth strategy to
continue to expand in its key markets around the world, the company
is more susceptible to certain risks; Accenture’s business could be
materially adversely affected if the company incurs legal
liability; Accenture’s work with government clients exposes the
company to additional risks inherent in the government contracting
environment; if Accenture is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture’s ability to attract and
retain business and employees may depend on its reputation in the
marketplace; if Accenture does not successfully manage and develop
its relationships with key alliance partners or fails to anticipate
and establish new alliances in new technologies, the company’s
results of operations could be adversely affected; Accenture might
not be successful at acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
if Accenture is unable to protect or enforce its intellectual
property rights or if Accenture’s services or solutions infringe
upon the intellectual property rights of others or the company
loses its ability to utilize the intellectual property of others,
its business could be adversely affected; Accenture’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; changes to
accounting standards or in the estimates and assumptions Accenture
makes in connection with the preparation of its consolidated
financial statements could adversely affect its financial results;
many of Accenture’s contracts include fees subject to the
attainment of targets or specific service levels, which could
increase the variability of the company’s revenues and impact its
margins; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital,
it may dilute its shareholders’ ownership interest in the company;
Accenture may be subject to criticism and negative publicity
related to its incorporation in Ireland; as well as the risks,
uncertainties and other factors discussed under the “Risk Factors”
heading in Accenture plc’s most recent annual report on Form 10-K
and other documents filed with or furnished to the Securities and
Exchange Commission. Statements in this news release speak only as
of the date they were made, and Accenture undertakes no duty to
update any forward-looking statements made in this news release or
to conform such statements to actual results or changes in
Accenture’s expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20200113005259/en/
Stacey Jones Accenture +1 917 452 6561
stacey.jones@accenture.com
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