Accenture Reports Second-Quarter Fiscal 2024 Results

• New bookings of $21.6 billion, the company's second-highest ever

• Generative AI new bookings of over $600 million in the quarter for a total of $1.1
billion through the first half of the fiscal year

• Revenues of $15.8 billion, flat in both U.S. dollars and local currency, with
consulting revenues of $8.0 billion and managed services revenues of $7.8 billion

• GAAP operating margin of 13.0%, an increase of 70 basis points over the second
quarter of fiscal 2023; adjusted1 operating margin of 13.7%, compared to 13.8%
last year

• GAAP EPS of $2.63, an increase of 10% over the second quarter of fiscal 2023;
adjusted EPS of $2.77, an increase of 3%

• Free cash flow of $2.0 billion

• Quarterly cash dividend of $1.29 per share, an increase of 15%

• Accenture updates business outlook for fiscal 2024; now expects full-year
revenue growth of 1% to 3% in local currency; GAAP operating margin of 14.8%;
adjusted operating margin of 15.5%; GAAP EPS of $11.41 to $11.64; and adjusted
EPS of $11.97 to $12.20

NEW YORK; March 21, 2024 — Accenture (NYSE: ACN) reported financial results for the
second quarter of fiscal 2024 ended February 29, 2024.
Julie Sweet, chair and CEO, Accenture, said, “In an uncertain macro environment, we remain
the trusted partner to our clients for reinvention with a record 39 clients with quarterly bookings
of over $100 million. We also extended our early lead in generative AI with $1.1 billion in new
bookings in the first half of the year. And we are investing to serve the needs of our clients and
expand our growth opportunities with $2.9 billion of capital deployed in the first half in strategic
acquisitions. Thank you to our more than 740,000 people around the world for your dedication to
delivering value for our clients.”
Revenues were $15.8 billion, and were flat in both U.S. dollars and local currency compared to
the second quarter of fiscal 2023.
GAAP operating income was $2.05 billion, compared to $1.94 billion for the second quarter of
fiscal 2023, and operating margin was 13.0% compared to 12.3% for the second quarter last
year. Adjusted operating income was $2.16 billion, compared to $2.19 billion for the second
quarter of fiscal 2023 and adjusted operating margin was 13.7%, compared to 13.8% for the
second quarter last year.

1
Adjusted financial measures presented in this release are non-GAAP financial measures that exclude business
optimization costs recorded in fiscal 2024 and fiscal 2023, as further described in this release.
GAAP diluted earnings per share were $2.63, an increase of 10% over $2.39 for the second
quarter of fiscal 2023. Adjusted EPS were $2.77, an increase of 3% over $2.69 for the second
quarter of fiscal 2023.
New bookings for the quarter were $21.6 billion, with consulting bookings of $10.5 billion and
managed services bookings of $11.1 billion.
Financial Review

Revenues for the second quarter of fiscal 2024 were $15.80 billion, compared with $15.81 billion
for the second quarter of fiscal 2023, and were flat in both U.S. dollars and local currency
growth. Revenues were slightly above the midpoint of the company's guided range of $15.40
billion to $16.00 billion. The foreign-exchange impact for the quarter was approximately negative
0.5%, which was consistent with the assumption provided in the company's first quarter
earnings release.
▪ Consulting revenues for the quarter were $8.02 billion, a decrease of 3% in both U.S.
dollars and local currency compared with the second quarter of fiscal 2023.
▪ Managed Services revenues for the quarter were $7.78 billion, an increase of 3% in both
U.S. dollars and local currency compared with the second quarter of fiscal 2023.
GAAP diluted EPS for the quarter were $2.63, a 10% increase over $2.39 for the second quarter
of fiscal 2023. Excluding a $0.14 and $0.30 decrease for business optimization costs in the
second quarter of fiscal 2024 and 2023, respectively, adjusted EPS were $2.77, a 3% increase
over $2.69 last year. The $0.08 increase in EPS on an adjusted basis reflects:
▪ a $0.06 increase from higher non-operating income; and
▪ a $0.06 increase from a lower effective tax rate;
partially offset by
▪ a $0.03 decrease from lower operating results; and
▪ a $0.01 decrease from higher noncontrolling interests.
Gross margin (gross profit as a percentage of revenues) for the quarter was 30.9% compared to
30.6% in the second quarter of fiscal 2023. Selling, general and administrative (SG&A)
expenses for the quarter were $2.72 billion, or 17.2% of revenues, compared with $2.65 billion,
or 16.7% of revenues, for the second quarter of fiscal 2023.
GAAP operating income for the quarter increased 5%, to $2.05 billion, or 13.0% of revenues,
compared with $1.94 billion, or 12.3% of revenues, for the second quarter of fiscal 2023.
Adjusted operating income for the quarter was $2.16 billion, or 13.7% of revenues, compared
with $2.19 billion, or 13.8% of revenues for the second quarter of fiscal 2023.
The company’s GAAP effective tax rate for the quarter was 18.4%, compared with 20.4% for the
second quarter of fiscal 2023. The adjusted effective tax rate for the second quarter of fiscal
2024 was 18.8%, compared with 20.4% for the second quarter of fiscal 2023.
GAAP net income for the quarter was $1.71 billion, compared with $1.55 billion for the second
quarter of fiscal 2023. Adjusted net income for the quarter was $1.80 billion, compared with
$1.74 billion for the second quarter of fiscal 2023.
Operating cash flow for the quarter was $2.10 billion, and property and equipment additions
were $110 million. Free cash flow, defined as operating cash flow net of property and equipment
additions, was $1.99 billion. For the same period last year, operating cash flow was $2.33 billion;
property and equipment additions were $108 million; and free cash flow was $2.22 billion.
Days services outstanding, or DSOs, were 43 days at February 29, 2024, compared with 42
days at both August 31, 2023 and February 28, 2023.
Accenture’s total cash balance at February 29, 2024 was $5.1 billion, compared with $9.0 billion
at August 31, 2023.
New Bookings
New bookings for the second quarter of fiscal 2024 were $21.58 billion, a 2% decrease in both
U.S. dollars and local currency from the second quarter of fiscal 2023.
▪ Consulting new bookings were $10.52 billion, or 49% of total new bookings.
▪ Managed Services new bookings were $11.06 billion, or 51% of total new bookings.
Revenues by Geographic Market2
Revenues by geographic market were as follows:
▪ North America: $7.38 billion, flat in both U.S. dollars and local currency compared with
the second quarter of fiscal 2023.
▪ EMEA: $5.60 billion, an increase of 1% in U.S. dollars and a decrease of 2% in local
currency compared with the second quarter of fiscal 2023.
▪ Growth Markets: $2.82 billion, a decrease of 1% in U.S. dollars and an increase of 6% in
local currency compared with the second quarter of fiscal 2023.
Revenues by Industry Group
Revenues by industry group were as follows:
▪ Communications, Media & Technology: $2.65 billion, a decrease of 8% in U.S. dollars
and 7% in local currency compared with the second quarter of fiscal 2023.
▪ Financial Services: $2.81 billion, a decrease of 6% in both U.S. dollars and local
currency compared with the second quarter of fiscal 2023.
▪ Health & Public Service: $3.33 billion, an increase of 10% in both U.S. dollars and local
currency compared with the second quarter of fiscal 2023.
▪ Products: $4.76 billion, an increase of 1% in U.S. dollars and flat in local currency
compared with the second quarter of fiscal 2023.
▪ Resources: $2.24 billion, an increase of 3% in U.S. dollars and 4% in local currency
compared with the second quarter of fiscal 2023.

2
Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle
East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA
(Europe, Middle East and Africa) geographic market.
Returning Cash to Shareholders
Accenture continues to return cash to shareholders through cash dividends and share
repurchases.
Dividend
On February 15, 2024, a quarterly cash dividend of $1.29 per share was paid to shareholders of
record at the close of business on January 18, 2024. These cash dividend payments totaled
$813 million.
Accenture plc has declared another quarterly cash dividend of $1.29 per share for shareholders
of record at the close of business on April 11, 2024. This dividend, which is payable on May 15,
2024, represents a 15% increase over the quarterly dividend rate of $1.12 per share in fiscal
2023.
Share Repurchase Activity
During the second quarter of fiscal 2024, Accenture repurchased or redeemed 3.8 million shares
for a total of $1.3 billion, including approximately 2.2 million shares repurchased in the open
market.
Accenture’s total remaining share repurchase authority at February 29, 2024 was approximately
$4.6 billion.
At February 29, 2024, Accenture had approximately 629 million total shares outstanding.
Business Outlook
Third Quarter Fiscal 2024
Accenture expects revenues for the third quarter of fiscal 2024 to be in the range of $16.25
billion to $16.85 billion, or negative 1% to positive 3% in local currency, reflecting the company’s
assumption of an approximately negative 1% foreign-exchange impact compared with the third
quarter of fiscal 2023.
Fiscal Year 2024
Accenture’s business outlook for fiscal 2024 continues to assume that the foreign-exchange
impact on its results in U.S. dollars will be flat compared with fiscal 2023.
For fiscal 2024, the company now expects revenue growth to be in the range of 1% to 3% in
local currency, compared to 2% to 5% previously.
Accenture now expects GAAP operating margin for fiscal 2024 to be 14.8%, compared to a
range of 14.8% to 15.0% previously, an expansion of 110 basis points from fiscal 2023; and
adjusted operating margin, which excludes an estimated $450 million for business optimization
costs in fiscal 2024 and $1.1 billion in fiscal 2023, to be 15.5%, compared to a range of 15.5% to
15.7% previously, an expansion of 10 basis points from fiscal 2023.
The company now expects both its GAAP and adjusted annual effective tax rate, which
excludes the tax impacts of business optimization costs, to be in the range of 22.5% to 24.5%,
compared to 23.5% to 25.5% previously.
The company now expects GAAP diluted EPS to be in the range of $11.41 to $11.64, compared
to $11.41 to $11.76 previously, an increase of 6% to 8% over fiscal 2023; and adjusted EPS to
be in the range of $11.97 to $12.20, compared to $11.97 to $12.32 previously, an increase of 3%
to 5% over fiscal 2023. This excludes $0.56 for business optimization costs in fiscal 2024 and
$1.28 for business optimization costs and $0.38 for a gain on an investment in fiscal 2023.
For fiscal 2024, the company continues to expect operating cash flow to be in the range of $9.3
billion to $9.9 billion; property and equipment additions to be $600 million; and free cash flow to
be in the range of $8.7 billion to $9.3 billion.
The company continues to expect to return at least $7.7 billion in cash to shareholders through
dividends and share repurchases.
360° Value Reporting
Accenture’s goal is to create 360° value for our clients, people, shareholders, partners and
communities. Our reporting captures how we deliver unique value across six vital dimensions
and offers a comprehensive view of our financial and environmental, social and governance
(ESG) measures, and our goals, progress and performance for each. Our full 360° Value Report
and online 360° Value Reporting Experience provide customizable reporting. To access, please
visit the Accenture 360° Value Reporting Experience at www.accenture.com/
reportingexperience.
Conference Call and Webcast Details
Accenture will host a conference call at 8:00 a.m. EDT today to discuss its second quarter of
fiscal 2024 financial results. To participate in the teleconference, please dial +1 (877) 692-8955
[or +1 (234) 720-6979 outside the U.S., Puerto Rico and Canada] and enter access code
6586099 approximately 15 minutes before the scheduled start of the call. The conference call
will also be accessible live via webcast on the Investor Relations section of the Accenture
website at www.accenture.com.
A replay of the conference call will be available at www.accenture.com and at +1 (866)
207-1041 [or +1 (402) 970-0847 outside the U.S., Puerto Rico and Canada] with access code
7186351, from 11:00 a.m. EDT today, through Wednesday, June 19, 2024.
About Accenture
Accenture is a leading global professional services company that helps the world’s leading
businesses, governments and other organizations build their digital core, optimize their
operations, accelerate revenue growth and enhance citizen services—creating tangible value at
speed and scale. We are a talent- and innovation-led company with 742,000 people serving
clients in more than 120 countries. Technology is at the core of change today, and we are one of
the world’s leaders in helping drive that change, with strong ecosystem relationships. We
combine our strength in technology and leadership in cloud, data and AI with unmatched
industry experience, functional expertise and global delivery capability. We are uniquely able to
deliver tangible outcomes because of our broad range of services, solutions and assets across
Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities,
together with our culture of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting relationships. We measure our success by
the 360° value we create for our clients, each other, our shareholders, partners and
communities. Visit us at www.accenture.com.
Non-GAAP Financial Information
This news release includes certain non-GAAP financial information as defined by Securities and Exchange
Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial
information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP)
are included in this press release. Financial results “in local currency” are calculated by restating current-period
activity into U.S. dollars using the comparable prior-year period’s foreign-currency exchange rates. Accenture’s
management believes providing investors with this information gives additional insights into Accenture’s results of
operations. While Accenture’s management believes that the non-GAAP financial measures herein are useful in
evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a
substitute for the related financial information prepared in accordance with GAAP. Accenture provides full-year
revenue guidance on a local-currency basis and not in U.S. dollars because the impact of foreign exchange rate
fluctuations could vary significantly from the company’s stated assumptions.

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,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target,” and similar expressions are used to identify these forward-looking statements.
These statements are not guarantees of future performance nor promises that goals or targets will be met, and
involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to
differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture’s results
of operations have been, and may in the future 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 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 match people and their skills 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 faces legal, reputational and financial risks from
any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which
Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 ecosystem partners or fails to anticipate and establish
new alliances in new technologies, the company’s results of operations could be adversely affected; 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 or fail to satisfy certain agreed-upon targets or specific service levels; 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 results of operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; 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; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets
around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the
organizational challenges associated with its size, the company might be unable to achieve its business objectives;
Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or
divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability;
Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory
requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the
government contracting environment; 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 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.
 ###
Contacts:
Rachel Frey
Accenture Media Relations
+1 917 452 4421
rachel.frey@accenture.com

Katie O’Conor
Accenture Investor Relations
+1 973 301 3275
catherine.m.oconor@accenture.com
Accenture plc
Consolidated Income Statements
(In thousands of U.S. dollars, except share and per share amounts)
(Unaudited)

Three Months Ended Six Months Ended

February 29, % of February 28, % of February 29, % of February 28, % of
2024 Revenues 2023 Revenues 2024 Revenues 2023 Revenues
REVENUES:
Revenues $ 15,799,514 100.0 % $ 15,814,158 100.0 % $ 32,023,817 100.0 % $ 31,561,960 100.0 %
OPERATING EXPENSES:
Cost of services 10,921,045 69.1 % 10,979,392 69.4 % 21,697,407 67.8 % 21,541,052 68.3 %
Sales and marketing 1,631,185 10.3 % 1,563,567 9.9 % 3,341,076 10.4 % 3,113,586 9.9 %
General and administrative costs 1,085,448 6.9 % 1,082,228 6.8 % 2,118,947 6.6 % 2,125,251 6.7 %
Business optimization costs 115,409 0.7 % 244,390 1.5 % 255,073 0.8 % 244,390 0.8 %
Total operating expenses 13,753,087 13,869,577 27,412,503 27,024,279
OPERATING INCOME 2,046,427 13.0 % 1,944,581 12.3 % 4,611,314 14.4 % 4,537,681 14.4 %
Interest income 65,269 50,259 167,249 94,964
Interest expense (10,305) (11,634) (24,800) (18,914)
Other income (expense), net (5,652) (36,300) (41,371) (65,207)
INCOME BEFORE INCOME TAXES 2,095,739 13.3 % 1,946,906 12.3 % 4,712,392 14.7 % 4,548,524 14.4 %
Income tax expense 386,537 396,223 993,209 1,001,541
NET INCOME 1,709,202 10.8 % 1,550,683 9.8 % 3,719,183 11.6 % 3,546,983 11.2 %
Net income attributable to
noncontrolling interest in Accenture
Canada Holdings Inc. (1,675) (1,604) (3,691) (3,689)
Net income attributable to
noncontrolling interests – other (1) (32,668) (25,431) (67,189) (54,696)
NET INCOME ATTRIBUTABLE TO
ACCENTURE PLC $ 1,674,859 10.6 % $ 1,523,648 9.6 % $ 3,648,303 11.4 % $ 3,488,598 11.1 %
CALCULATION OF EARNINGS PER
SHARE:
Net income attributable to Accenture plc $ 1,674,859 $ 1,523,648 $ 3,648,303 $ 3,488,598
Net income attributable to
noncontrolling interest in Accenture
Canada Holdings Inc. (2) 1,675 1,604 3,691 3,689
Net income for diluted earnings per
share calculation $ 1,676,534 $ 1,525,252 $ 3,651,994 $ 3,492,287
WEIGHTED AVERAGE SHARES:
Basic 629,016,555 630,845,147 628,488,831 630,485,134
Diluted 636,797,814 637,735,390 637,069,356 638,350,779
EARNINGS PER SHARE:
Basic $ 2.66 $ 2.42 $ 5.80 $ 5.53
Diluted $ 2.63 $ 2.39 $ 5.73 $ 5.47
Cash dividends per share $ 1.29 $ 1.12 $ 2.58 $ 2.24

(1) Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc.
(2) Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on
a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not
redeemable or exchangeable for Accenture plc Class A ordinary shares.
Accenture plc
Summary of Revenues
(In thousands of U.S. dollars)
(Unaudited)

Percent Percent
Increase Increase
(Decrease) (Decrease)
Three Months Ended U.S. Local
February 29, 2024 February 28, 2023 Dollars Currency
GEOGRAPHIC MARKETS (1)
North America $ 7,376,812 $ 7,397,874 —% —%
EMEA 5,598,850 5,554,682 1 (2)
Growth Markets 2,823,852 2,861,602 (1) 6
Total Revenues $ 15,799,514 $ 15,814,158 —% —%
INDUSTRY GROUPS
Communications, Media & Technology $ 2,654,137 $ 2,884,802 (8)% (7)%
Financial Services 2,808,930 3,002,867 (6) (6)
Health & Public Service 3,334,039 3,023,595 10 10
Products 4,761,838 4,718,572 1 —
Resources 2,240,570 2,184,322 3 4
Total Revenues $ 15,799,514 $ 15,814,158 —% —%
TYPE OF WORK
Consulting $ 8,021,034 $ 8,278,763 (3)% (3)%
Managed Services 7,778,480 7,535,395 3 3
Total Revenues $ 15,799,514 $ 15,814,158 —% —%

Percent Percent
Increase Increase
(Decrease) (Decrease)
Six Months Ended U.S. Local
February 29, 2024 February 28, 2023 Dollars Currency
GEOGRAPHIC MARKETS (1)
North America $ 14,939,714 $ 15,020,694 (1)% (1)%
EMEA 11,402,492 10,867,581 5 —
Growth Markets 5,681,611 5,673,685 — 5
Total Revenues $ 32,023,817 $ 31,561,960 1% 1%
INDUSTRY GROUPS
Communications, Media & Technology $ 5,323,585 $ 5,865,005 (9)% (9)%
Financial Services 5,842,508 5,966,263 (2) (3)
Health & Public Service 6,711,505 6,023,614 11 11
Products 9,621,825 9,384,360 3 1
Resources 4,524,394 4,322,718 5 5
Total Revenues $ 32,023,817 $ 31,561,960 1% 1%
TYPE OF WORK
Consulting $ 16,477,540 $ 16,723,130 (1)% (2)%
Managed Services 15,546,277 14,838,830 5 4
Total Revenues $ 32,023,817 $ 31,561,960 1% 1%

(1) Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth
Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have
been reclassified to conform with the current period presentation.
Accenture plc
Operating Income by Geographic Market
(In thousands of U.S. dollars)
(Unaudited)

Three Months Ended

February 29, 2024 February 28, 2023
Operating Operating Operating Operating Increase
Income Margin Income Margin (Decrease)
North America $ 1,060,376 14 % $ 823,858 11 % $ 236,518
EMEA (1) 529,012 9 615,403 11 (86,391)
Growth Markets (1) 457,039 16 505,320 18 (48,281)
Total Operating Income $ 2,046,427 13.0 % $ 1,944,581 12.3 % $ 101,846

Six Months Ended

February 29, 2024 February 28, 2023
Operating Operating Operating Operating Increase
Income Margin Income Margin (Decrease)
North America $ 2,317,084 16 % $ 2,133,741 14 % $ 183,343
EMEA (1) 1,352,613 12 1,342,286 12 10,327
Growth Markets (1) 941,617 17 1,061,654 19 (120,037)
Total Operating Income $ 4,611,314 14.4 % $ 4,537,681 14.4 % $ 73,633

(1) Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth
Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have
been reclassified to conform with the current period presentation.
Accenture plc
Reconciliation of Operating Income, as Reported (GAAP) to Operating Income as Adjusted (Non-GAAP)
(In thousands of U.S. dollars)
(Unaudited)

Three Months Ended

February 29, 2024 February 28, 2023
As Operating As Operating
Reported Business Adjusted Margin Reported Business Adjusted Margin
(GAAP) Optimization (1) (Non-GAAP) (Non-GAAP) (GAAP) Optimization (1) (Non-GAAP) (Non-GAAP)

North America $ 1,060,376 $ 4,689 $ 1,065,065 14 % $ 823,858 $ 176,980 $ 1,000,838 14 %

EMEA (2) 529,012 85,561 614,573 11 615,403 40,960 656,363 12

Growth Markets (2) 457,039 25,159 482,198 17 505,320 26,450 531,770 19

Total Operating
Income $ 2,046,427 $ 115,409 $ 2,161,836 13.7 % $ 1,944,581 $ 244,390 $ 2,188,971 13.8 %

Six Months Ended

February 29, 2024 February 28, 2023
As Operating As Operating
Reported Business Adjusted Margin Reported Business Adjusted Margin
(GAAP) Optimization (1) (Non-GAAP) (Non-GAAP) (GAAP) Optimization (1) (Non-GAAP) (Non-GAAP)

North America $ 2,317,084 $ 50,618 $ 2,367,702 16 % $ 2,133,741 $ 176,980 $ 2,310,721 15 %

EMEA (2) 1,352,613 156,365 1,508,978 13 1,342,286 40,960 1,383,246 13

Growth Markets (2) 941,617 48,090 989,707 17 1,061,654 26,450 1,088,104 19

Total Operating
Income $ 4,611,314 $ 255,073 $ 4,866,387 15.2 % $ 4,537,681 $ 244,390 $ 4,782,071 15.2 %

(1) Costs recorded in connection with our business optimization initiatives, primarily for employee severance.
(2) Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth
Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have
been reclassified to conform with the current period presentation.
Accenture plc
Reconciliation of Net Income and Diluted Earnings Per Share, as Reported (GAAP), to Net Income and
Diluted Earnings Per Share, as Adjusted (Non-GAAP)
(In thousands of U.S. dollars, except per share amounts)
(Unaudited)

Three Months Ended

February 29, 2024 February 28, 2023
As Reported Business Adjusted As Reported Business Adjusted
(GAAP) Optimization (1) (Non-GAAP) (GAAP) Optimization (1) (Non-GAAP)
Operating Income $ 2,046,427 $ 115,409 $ 2,161,836 $ 1,944,581 $ 244,390 $ 2,188,971
Operating Margin 13.0 % 0.7 % 13.7 % 12.3 % 1.5 % 13.8 %

Income before income taxes 2,095,739 115,409 2,211,148 1,946,906 244,390 2,191,296
Income tax expense 386,537 28,078 414,615 396,223 51,515 447,738
Net Income $ 1,709,202 $ 87,331 $ 1,796,533 $ 1,550,683 $ 192,875 $ 1,743,558
Effective tax rate 18.4 % 24.3 % 18.8 % 20.4 % 21.1 % 20.4 %
Diluted earnings per share (2) $ 2.63 $ 0.14 $ 2.77 $ 2.39 $ 0.30 $ 2.69

Six Months Ended

February 29, 2024 February 28, 2023
As Reported Business Adjusted As Reported Business Adjusted
(GAAP) Optimization (1) (Non-GAAP) (GAAP) Optimization (1) (Non-GAAP)
Operating Income $ 4,611,314 $ 255,073 $ 4,866,387 $ 4,537,681 $ 244,390 $ 4,782,071
Operating Margin 14.4 % 0.8 % 15.2 % 14.4 % 0.8 % 15.2 %

Income before income taxes 4,712,392 255,073 4,967,465 4,548,524 244,390 4,792,914
Income tax expense 993,209 62,056 1,055,265 1,001,541 51,515 1,053,056
Net Income $ 3,719,183 $ 193,017 $ 3,912,200 $ 3,546,983 $ 192,875 $ 3,739,858
Effective tax rate 21.1 % 24.3 % 21.2 % 22.0 % 21.1 % 22.0 %
Diluted earnings per share (2) $ 5.73 $ 0.30 $ 6.04 $ 5.47 $ 0.30 $ 5.77

Amounts in table may not total due to rounding.

(1) Costs recorded in connection with our business optimization initiatives, primarily for employee severance.
(2) The impact of business optimization costs on diluted earnings per share are presented net of related taxes. The income tax effect was negative $0.04 and
negative $0.08 for the three months ended February 29, 2024 and February 28, 2023, respectively, and negative $0.10 and negative $0.08 for the six
months ended February 29, 2024 and February 28, 2023, respectively. This includes both the current and deferred income tax impact and was calculated by
using the relevant tax rate of the country where the costs were recorded.
Accenture plc
Consolidated Balance Sheets
(In thousands of U.S. dollars)

February 29, 2024 August 31, 2023

ASSETS (Unaudited)
CURRENT ASSETS:
Cash and cash equivalents $ 5,121,107 $ 9,045,032
Short-term investments 4,540 4,575
Receivables and contract assets 13,080,504 12,227,186
Other current assets 2,122,670 2,105,138
Total current assets 20,328,821 23,381,931
NON-CURRENT ASSETS:
Contract assets 126,355 106,994
Investments 238,934 197,443
Property and equipment, net 1,458,836 1,530,007
Lease assets 2,635,038 2,637,479
Goodwill 17,947,306 15,573,003
Other non-current assets 8,572,181 7,818,448
Total non-current assets 30,978,650 27,863,374
TOTAL ASSETS $ 51,307,471 $ 51,245,305
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings $ 111,141 $ 104,810
Accounts payable 2,228,446 2,491,173
Deferred revenues 5,363,972 4,907,152
Accrued payroll and related benefits 5,955,341 7,506,030
Lease liabilities 682,553 690,417
Other accrued liabilities 1,794,561 2,309,456
Total current liabilities 16,136,014 18,009,038
NON-CURRENT LIABILITIES:
Long-term debt 71,635 43,093
Lease liabilities 2,293,252 2,310,714
Other non-current liabilities 4,850,146 4,423,867
Total non-current liabilities 7,215,033 6,777,674
Total Accenture plc shareholders’ equity 27,122,853 25,692,839
Noncontrolling interests 833,571 765,754
Total shareholders’ equity 27,956,424 26,458,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 51,307,471 $ 51,245,305
Accenture plc
Consolidated Cash Flows Statements
(In thousands of U.S. dollars)
(Unaudited)
Three Months Ended Six Months Ended
February 29, February 28, February 29, February 28,
2024 2023 2024 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 1,709,202 $ 1,550,683 $ 3,719,183 $ 3,546,983
Depreciation, amortization and other 528,928 532,476 1,050,328 1,038,705
Share-based compensation expense 641,871 631,870 1,064,871 1,057,339
Change in assets and liabilities/other, net (778,958) (384,918) (3,234,788) (2,817,518)
Net cash provided by (used in) operating activities 2,101,043 2,330,111 2,599,594 2,825,509
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment (109,823) (107,548) (178,756) (206,378)
Purchases of businesses and investments, net of cash acquired (2,121,455) (390,527) (2,909,480) (1,076,987)
Proceeds from the sale of businesses and investments 20,905 17,279 20,905 17,875
Other investing, net 2,125 2,499 3,653 5,119
Net cash provided by (used in) investing activities (2,208,248) (478,297) (3,063,678) (1,260,371)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of ordinary shares 285,373 341,914 762,807 807,621
Purchases of shares (1,321,846) (1,118,211) (2,512,974) (2,536,913)
Cash dividends paid (812,578) (708,022) (1,622,634) (1,413,589)
Other financing, net (16,690) (31,022) (44,853) (49,320)
Net cash provided by (used in) financing activities (1,865,741) (1,515,341) (3,417,654) (3,192,201)
Effect of exchange rate changes on cash and cash equivalents (46,788) 2,611 (42,187) (23,983)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,019,734) 339,084 (3,923,925) (1,651,046)
CASH AND CASH EQUIVALENTS, beginning of period 7,140,841 5,899,703 9,045,032 7,889,833
CASH AND CASH EQUIVALENTS, end of period $ 5,121,107 $ 6,238,787 $ 5,121,107 $ 6,238,787