Accenture is a global management consulting and professional services firm that provides strategy, consulting, digital, technology and operations services. A Fortune Global 500 company, it has been incorporated in Dublin, Ireland, since 1 September 2009. In 2018, the company reported net revenues of $39.6 billion, with more than 459,000 employees serving clients in more than 200 cities in 120 countries. In 2015, the company had about 150,000 employees in India, about 48,000 in the US, and about 50,000 in the Philippines. Accenture's current clients include 95 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.
|Andersen Consulting (January 1, 2001)|
|Traded as||NYSE: ACN (Class A)|
S&P 100 component
S&P 500 component
|Services||Strategy, consulting, digital, technology, operations, services, and solutions|
|Revenue||US$41.60 billion (2018)|
|US$5.84 billion (2018)|
|US$4.06 billion (2018)|
|Total assets||US$24.45 billion (2018)|
|Total equity||US$10.36 billion (2018)|
Number of employees
Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s when it conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky, which led to GE's installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the U.S. Joseph Glickauf, an early pioneer of computer consulting, held a position as head of Arthur Andersen's administrative services division.
In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Société Coopérative (AWSC). Throughout the 1990s, there was increasing tension between Andersen Consulting and Arthur Andersen. Andersen Consulting was paying Arthur Andersen up to 15% of its profits each year (a provision of the 1989 split was that the more profitable unit – whether AA or AC – pay the other the 15 percent), while at the same time Arthur Andersen was competing with Andersen Consulting through its own newly established business consulting service line called Arthur Andersen Business Consulting (AABC). This dispute came to a head in 1998 when Andersen Consulting put the 15% transfer payment for that year and future years into escrow and issued a claim for breach of contract against AWSC and Arthur Andersen. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen. As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2 billion) to Arthur Andersen, and was required to change its name, resulting in the entity being renamed Accenture.
On 1 January 2001, Andersen Consulting adopted its current name, "Accenture". The word "Accenture" is derived from "Accent on the future". The name "Accenture" was submitted by Kim Petersen, a Danish employee from the company's Oslo, Norway office, as a result of an internal competition. Accenture felt that the name should represent its will to be a global consulting leader and high performer, and also intended that the name should not be offensive in any country in which Accenture operates.
On 19 July 2001, Accenture's initial public offering (IPO) was priced at $14.50 per share, and the shares began trading on the New York Stock Exchange (NYSE); Goldman Sachs and Morgan Stanley served as its lead underwriters. Accenture stock closed the day at $15.17, with the day's high at $15.25. On the first day of the IPO, Accenture raised nearly $1.7 billion.
In October 2002, the Congressional General Accounting Office (GAO) identified Accenture as one of four publicly traded federal contractors that were incorporated in a tax haven. The other three, unlike Accenture, were incorporated in the United States before they re-incorporated in a tax haven, thereby lowering their US taxes. Critics, most notably former CNN journalist Lou Dobbs, have reported Accenture's decision to incorporate in Bermuda as a US tax avoidance ploy, because they viewed Accenture as having been a US-based company. The GAO itself did not characterize Accenture as having been a US-based company; it stated that "prior to incorporating in Bermuda, Accenture was operating as a series of related partnerships and corporations under the control of its partners through the mechanism of contracts with a Swiss coordinating entity."
Accenture engaged in an IT overhaul project for the National Health Service (NHS) in 2003, making headlines when it withdrew from the contract in 2006 over disputes related to delays and cost overruns. The government of the United Kingdom ultimately abandoned the project five years later for the same reasons.
Accenture was chosen to replace CGI Group as the lead contractor for HealthCare.gov in January 2014. In December 2014, Accenture won a $563 million contract to provide ongoing maintenance, software development and technology support for HealthCare.gov through 2019.
In July 2015, the United States Department of Defense awarded a major Electronic Health Records contract to Cerner, Leidos and Accenture. The contract valued $4.33 billion will serve 55 hospitals and 600 clinics. Accenture Federal Services and Leidos will play the role of configuration specialist, while Cerner is the prime contractor.
In June 2018, Accenture generated controversy over the amount the firm has been charging to recruit 7,500 Customs and Border Protection officers. Under the $297 million contract, Accenture had been charging the US Government nearly $40,000 per hire, which is more than the annual salary of the average officer. According to a report published by the DHS Office of Inspector General in December 2018, Accenture had been paid $13.6M through the first ten months of the contract. They had hired two agents against a contract goal of 7,500 hires over 5 years. The report was issued as a 'management alert', indicating an issue requiring immediate attention, stating that "Accenture has already taken longer to deploy and delivered less capability than promised".
For the fiscal year 2018, Accenture reported earnings of US$4.060 billion, with an annual revenue of US$41.603 billion, an increase of 13.2% over the previous fiscal cycle. Accenture's shares traded at over $159 per share, and its market capitalization was valued at over US$104.2 billion in October 2018.
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In 2011, Accenture launched a new campaign of results-based ads featuring clients such as Marriott, Unilever and the Royal Shakespeare Company alongside its slogan “High performance. Delivered”. As of 2018, Interbrand ranked Accenture No. 34 on its list of best global brands. The brand consultancy noted Accenture's focus on branding and marketing of its Accenture Strategy, Accenture Consulting, Accenture Digital, Accenture Technology and Accenture Operations divisions.
From at least 2005 until December 2009, Accenture used Tiger Woods as a celebrity spokesperson and advertised using the service mark "Go on, be a Tiger" and the ancillary statement "We know what it takes to be a Tiger" in association with his image. On 13 December 2009 after details of Woods' extra-marital affairs were exposed, the company terminated Woods' six-year sponsorship deal.
Accenture has implemented policies to reduce gendered discrimination such as gender neutral bathrooms and gender neutral dress-codes. Denise Norris, a transgender activist and Accenture employee, said “In cultures that don’t embrace gender diversity, Accenture’s workplace can become a haven, a safe space for our transgender employees.”
The 2001 WGC-Accenture Match Play Championship was a golf tournament that was played from 3–7 January 2001 at Metropolitan Golf Club in Melbourne, Victoria, Australia. It was the third WGC-Accenture Match Play Championship and the first of three World Golf Championships events held in 2001.
Steve Stricker won his first and only World Golf Championships event at the match-play, by defeating Pierre Fulke 2&1 in the 36 hole final.2002 WGC-Accenture Match Play Championship
The 2002 WGC-Accenture Match Play Championship was a golf tournament that was played from February 20–24, 2002 at La Costa Resort and Spa in Carlsbad, California. It was the fourth WGC-Accenture Match Play Championship and the first of four World Golf Championships events held in 2002.
Kevin Sutherland won his first and only World Golf Championships event by defeating Scott McCarron 1 up in the 36 hole final.2003 WGC-Accenture Match Play Championship
The 2003 WGC-Accenture Match Play Championship was a golf tournament that was played from February 26 to March 2, 2003 at La Costa Resort and Spa in Carlsbad, California. It was the fifth WGC-Accenture Match Play Championship and the first of four World Golf Championships events held in 2003.
Tiger Woods won his sixth World Golf Championships event, and his first ever match play victory, by defeating David Toms 2 and 1 in the 36 hole final.2004 WGC-Accenture Match Play Championship
The 2004 WGC-Accenture Match Play Championship was a golf tournament that was played from February 25–29, 2004 at La Costa Resort and Spa in Carlsbad, California. It was the sixth WGC-Accenture Match Play Championship and the first of four World Golf Championships events held in 2004.
Tiger Woods won his eighth World Golf Championships event, and his second match play back-to-back, by defeating Davis Love III 3 and 2 in the 36 hole final.2005 WGC-Accenture Match Play Championship
The 2005 WGC-Accenture Match Play Championship was a golf tournament that was played from February 24–27, 2005 at La Costa Resort and Spa in Carlsbad, California. It was the seventh WGC-Accenture Match Play Championship and the first of four World Golf Championships events held in 2005.
The Championship was due to start on Wednesday February 23 but was delayed by a day because of wet conditions. The first round was played on February 24, while both the second and third rounds were played on February 25.David Toms won his first World Golf Championships event by defeating Chris DiMarco 6 and 5 in the 36 hole final.2006 WGC-Accenture Match Play Championship
The 2006 WGC-Accenture Match Play Championship was a golf tournament that was played from February 22–26, 2006 at La Costa Resort and Spa in Carlsbad, California. It was the eighth WGC-Accenture Match Play Championship and the first of four World Golf Championships events held in 2006. It was the final time the event would be hosted at La Costa.
Geoff Ogilvy, the 12th seed, won his first World Golf Championships event by defeating Davis Love III 3 and 2 in the 36 hole final. He set a record by playing a total of 129 holes during the tournament, the most by anyone in the eight-year history of the event, which included four consecutive overtime matches at the start of the week. The total prize fund for the championship was $7.5 million, of which Ogilvy's share was $1.3 million.
Tiger Woods set the record for largest victory margin with a 9 and 8 win over Stephen Ames in the first round. Some interpreted Woods' performance as payback for Ames' comments earlier in the week in which he told the Associated Press, "anything can happen, especially where he's hitting it."2007 WGC-Accenture Match Play Championship
The 2007 WGC-Accenture Match Play Championship was a golf tournament that was played from February 21–25, 2007 over the South Course at The Gallery Golf Club at Dove Mountain in Marana, Arizona. It was the ninth WGC-Accenture Match Play Championship and the first of three World Golf Championships events held in 2007. It was the first time the championship was played at The Gallery, having previously been hosted by the La Costa Resort and Spa in Carlsbad, California.
Henrik Stenson defeated defending champion Geoff Ogilvy 2 and 1 in the 36 hole final to claim his first World Golf Championships title. The total purse was $8,000,000 of which Stenson earned $1,350,000. He also became the first player from Continental Europe to win one of the individual World Golf Championships.2008 WGC-Accenture Match Play Championship
The 2008 WGC-Accenture Match Play Championship was a golf tournament that was played from February 20–24, 2008 over the South Course at The Gallery Golf Club at Dove Mountain in Marana, Arizona. It was the tenth WGC-Accenture Match Play Championship and the first of three World Golf Championships held in 2008.
The purse remained at $8,000,000, one of the largest in golf. Tiger Woods won his third WGC Match Play title, and his 15th World Golf Championships event, by beating fellow American Stewart Cink 8 and 7 in the final.2009 WGC-Accenture Match Play Championship
The 2009 WGC-Accenture Match Play Championship was a golf tournament that was played from February 25 to March 1, 2009, at the Ritz-Carlton Golf Club at Dove Mountain in Marana, Arizona. It was the eleventh WGC-Accenture Match Play Championship and the first of four World Golf Championships held in 2009.
The tournament marked the return of Tiger Woods to the PGA Tour, following eight months out of the sport after undergoing knee surgery shortly after his victory in the 2008 U.S. Open.
Geoff Ogilvy continued his success at the WGC-Accenture Match Play Championship defeating Paul Casey, who had not trailed in any of his first five matches, 4 and 3 in the final. It was Ogilvy's second win in the event, in which reached the final for the third time in four years. The victory also improved his already impressive match record in the event to 17 wins and 2 losses.2010 WGC-Accenture Match Play Championship
The 2010 WGC-Accenture Match Play Championship was a golf tournament held February 17–21 at the Ritz-Carlton Golf Club at Dove Mountain in Marana, Arizona, northwest of Tucson. It was the 12th WGC-Accenture Match Play Championship and the first of four World Golf Championships held in 2010.
Ian Poulter won his only WGC event with a 4 & 2 win over runner-up Paul Casey in the final match. This was the last year the final was played at 36 holes; it was reduced to 18 holes in 2011.2011 WGC-Accenture Match Play Championship
The 2011 WGC-Accenture Match Play Championship was a professional golf tournament played from February 23–27 at the Ritz-Carlton Golf Club at Dove Mountain in Marana, Arizona, northwest of Tucson. It was the 13th WGC-Accenture Match Play Championship and the first of four World Golf Championships held in 2011.
Luke Donald won his only WGC title with a 3 & 2 win in the final over runner-up Martin Kaymer. Four previous winners lost in the first round, including defending champion Ian Poulter and three-time winner Tiger Woods.2012 WGC-Accenture Match Play Championship
The 2012 WGC-Accenture Match Play Championship was a golf tournament played February 22–26 at the Ritz-Carlton Golf Club at Dove Mountain in Marana, Arizona, northwest of Tucson. It was the 14th WGC-Accenture Match Play Championship and the first of four World Golf Championships held in 2012.
Hunter Mahan won his first Match Play title and second WGC with a 2&1 victory over runner-up Rory McIlroy. Defending champion Luke Donald lost in the first round, as did three other previous winners.2013 WGC-Accenture Match Play Championship
The 2013 WGC-Accenture Match Play Championship was the 15th WGC-Accenture Match Play Championship, played February 20–24 at The Golf Club at Dove Mountain in Marana, Arizona, northwest of Tucson.
Matt Kuchar won his first WGC event, 2&1 over runner-up Hunter Mahan, the defending champion. This was the first of four World Golf Championships in 2013. Weather delays due to snow disrupted the schedule.2014 WGC-Accenture Match Play Championship
The 2014 WGC-Accenture Match Play Championship was the 16th WGC-Accenture Match Play Championship, held February 19–23 at The Golf Club at Dove Mountain in Marana, Arizona, northwest of Tucson. It was the first of four World Golf Championships in 2014. With a field of 64 competitors, the five-day six-round event began on Wednesday, with the semifinals and finals on Sunday. Jason Day won his first WGC title at the 23rd hole of the final match with Victor Dubuisson.This was the eighth and final edition of the championship contested in Marana, the host since 2007. The tournament moved back to California in 2015, held in early May at TPC Harding Park in San Francisco, and went to Austin, Texas, in March 2016.
This was also the final edition in which the entire tournament was single-elimination, as the first two rounds were replaced by round-robin play in 2015, with sixteen players advancing to the knock-out bracket on the weekend.Arthur Andersen
Arthur Andersen LLP, based in Chicago, was an American holding company. Formerly one of the "Big Five" accounting firms (along with PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG), the firm had provided auditing, tax, and consulting services to large corporations. By 2001, it had become one of the world's largest multinational companies.
In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm's auditing of Enron, an energy corporation based in Texas, which filed for bankruptcy in 2001. In 2005, the Supreme Court of the United States unanimously reversed Arthur Andersen's conviction due to serious errors in the trial judge's instructions to the jury that convicted the firm.The former consultancy and outsourcing practice of the firm separated from the firm's accountancy practice in 1987, split from Andersen Worldwide in 2000 and renamed itself Accenture. It continues to operate.Avanade
Avanade () is a global professional services company providing IT consulting and services focused on the Microsoft platform with business analytics, business applications, cloud, digital marketing, technology and managed services offerings. Headquartered in Seattle, the company has more than 80 locations in 20 countries with approximately 29,000 professionals and revenues of over $2 billion as of 2016. Avanade serves 34% of the Fortune 500 and 46% of the Fortune Global 500.Avanade operates as a subsidiary of Accenture and was founded as a joint venture with Microsoft.Nobuyuki Idei
Nobuyuki Idei (出井 伸之, Idei Nobuyuki; born November 22, 1937) is a Japanese businessman. He was Chairman and Group Chief Executive Officer of Sony Corporation until the 7th March 2005. He is a director of General Motors, Baidu, Yoshimoto Kogyo and Nestlé.
After a stroke sidelined former chairman Akio Morita, Sony CEO and new chairman Norio Ohga selected Idei to be the next president, a choice that raised eyebrows at Sony. His sweeping reorganizations of the company included trimming the board of directors from 38 members dominated by company management to 10 with a substantial presence of outsiders. Already perceived as the company's driving force, Idei was formally named co-CEO in 1998 and sole CEO in 1999. In 2000, while Ohga remained Chairman of the Board, Idei became Executive Chairman and Kunitake Andō became president.
In 2003, on Ohga's retirement, Idei became the sole Chairman, and the title of Chief Executive Officer was altered to Group Chief Executive Officer. On March 7, 2005, it was announced that Idei would be succeeded on June 22 by Sir Howard Stringer.
In 2006, Idei joined the board leading Accenture. On September 28, 2011, Idei joined the Board of Directors of Lenovo.
On February 5, 2015 Idei retired from Accenture's board of directors.Pierre Nanterme
Pierre Nanterme (7 September 1959 – 31 January 2019) was a French business executive. He was the chairman and chief executive officer (CEO) of Accenture, a global management consulting and professional services firm.WGC Match Play
The WGC-Dell Technologies Match Play is a match play knockout professional golf event which is one of the four annual World Golf Championships. The tournament is the only of the four WGC events to not be played as a stroke play event. From its 1999 founding until 2014, the tournament was held in late February. Beginning in 2015, the tournament was moved to the first weekend in May. In 2016, the event moved to Austin, Texas and was held during the last week of March. The tournament was originally sponsored by Anderson Consulting/Accenture, and in the years since, it has also been sponsored by Cadillac and Dell.