Accenture Revenues Reach US$10.3 Billion In 2000

Wellington, March 22, 2001 – Revenues at Accenture, formerly known as Andersen Consulting, reached US$10.3 billion for the year ended December 31, 2000, a 10 per cent increase over 1999 results and a 14 per cent increase excluding the effects of currency translations.

Accenture’s revenues in Australia/New Zealand were NZ$470 million for the year ended December 31, 2000, an increase of 24 per cent over 1999 results. On a geographic basis, the firm’s Asia Pacific region accounted for the largest percentage increase in overall revenues, with 21 per cent growth in US dollars (22 per cent when adjusted for currency translations). Revenues in the Americas grew 11 per cent, and the firm’s Europe/Middle East/Africa/India (EMEAI) region posted 6 per cent growth in US dollars and a 19 per cent 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 per cent to US$2.1 billion. Communications & High Tech, the firm’s largest global market unit, reported revenues of US$3 billion, an 18 per cent increase over 1999. Revenues for the Financial Services and Government global market units increased 3 per cent each, to US$2.7 billion and US$811 million, respectively. Revenues for the Resources global market unit remained relatively unchanged, at US$1.7 billion.

In addition to a 10 per cent 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 per cent 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 mobile 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.
About Accenture
Accenture, formerly known as Andersen Consulting, is a US$10 billion global management and technology consulting organisation. 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 specialised 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. In Australia and New Zealand, over 2500 people are employed, with revenues of NZ$470 million in 2000. 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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