New York, March 21, 2001 – Revenues at Accenture 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) 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 is a $10 billion global management and technology consulting organization. The firm is reinventing itself to become the market maker, architect and builder of the new economy, bringing innovations to improve the way the world works and lives. More than 70,000 people in 46 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its strategy, the firm is building a network of businesses to meet the full range of client needs — consulting, technology, outsourcing, alliances and venture capital. Accenture’s home page is http://www.accenture.com.
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For the Year Ended December 31, 2000 ($US Millions) Note: Accenture groups its industries under five "global market units": Communications & High Tech, Financial Services, Government, Products, and Resources. | ||
| GLOBAL MARKET UNIT (and related industry groups) |
($US Millions) |
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| Communications & High Tech Communications Electronics & High Tech Media & Entertainment |
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| Financial Services Banking Health Services Insurance |
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| Government |
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| Products Automotive Consumer Goods & Services Industrial Equipment Pharmaceuticals & Medical Products Retail Transportation & Travel Services |
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| Resources Chemicals Energy Forest Products Metals & Mining Utilities |
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| WORLDWIDE TOTAL |
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For the Year Ended December 31, 2000 ($U.S. Millions) | |||
| AREA |
REVENUES |
Growth Rate * |
Growth Rate * |
| Americas |
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| Asia Pacific |
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| Europe/Middle East/ Africa/India |
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| WORLDWIDE TOTAL |
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* Calendar year 2000 net revenue growth is based on restated 1999 net revenues of $9,365M as a result of an accounting policy change.