The revenues of the global professional services company in Q4 FY21 were $13.42bn, which is an increase of 24% compared to revenues of $10.8bn earned in Q4 FY20
An Accenture office in Prague, Czech Republic. (Credit: JiriMatejicek/ Wikipedia)
Accenture has reported a net income of $1.44bn for the fourth quarter ended 31 August 2021 (Q4 FY21), an increase of 10.7% compared to $1.3bn in the same quarter of fiscal 2020.
In the previous quarter, Accenture’s net income was $1.57bn.
The diluted earnings per share of the global professional services company for the reported quarter were $2.2, which is 11% more than the basic earnings per share of $1.99 in Q4 FY20.
Accenture’s revenues for Q4 FY21 were $13.42bn, an increase of 24% compared to $10.8bn for Q4 FY20. In Q3 FY21, the revenues were $13.26bn.
The company’s consulting revenues for the reported quarter were $7.3bn, a 29% increase from $5.68bn reported in Q4 FY20.
On the other hand, its outsourcing revenues were up by 19% year-over-year (YoY) for Q4 FY21 to $6.11bn from the Q4 FY20 revenues of $5.15bn.
The communications, media, and technology unit of the company had a 26% increase YoY in its revenues for Q4 2021 to $2.76bn.
The financial services unit generated revenues of $2.61bn, an increase of 24% YoY.
Accenture’s health and public service division earned $2.5bn in Q4 FY21 revenues, which is a 20% increase YoY.
The company’s products business posted $3.73bn revenues for the reported quarter, an increase of 29% YoY. On the other hand, the resources division contributed $1.8bn revenues for Q4 FY21, which is a 17% increase YoY.
For the full fiscal year 2021 (FY21) that ended 31 August, Accenture’s net income was $5.99bn, an increase of 15.6% compared to $5.18bn in FY20.
The revenues for FY21 were $50.53bn, an increase of 14% compared to $44.32bn in the previous fiscal year.
Accenture chair and CEO Julie Sweet said: “Our results reflect the dedication and hard work of our 624,000 incredible people, who are laser-focused on creating tangible value for our clients, innovating with our ecosystem, and being the trusted partner of choice on our clients’ transformation journeys.
“We delivered these results while investing in our people and in the capabilities our clients need, now and in the future, and at the same time making progress on our sustainability goals — from progress in inclusion and diversity, to the use of renewable energy now at 50% across the globe, to supporting our communities during these challenging times.
“We measure our success by this 360° value creation.”
During Q4 FY21, Accenture, through one of its subsidiaries, had won a $729m enterprise resource planning (ERP) contract from the US Army.