Accenture plc has recently filed exhibit 99.1 to recast the presentation of certain financial information and related disclosures included in their annual report on Form 10-K for the year ended August 31, 2023. This recast is to reflect the previously reported change in their reportable segments, following organizational structure changes implemented in September 2023.
In this recast, Accenture reported a total revenue of $60.4 billion for the fiscal year ended August 31, 2023, reflecting an increase of 12% compared to the previous fiscal year. The company's operating income was $9.6 billion, representing a 10% increase from the prior year. Additionally, the company reported a net income of $7.3 billion, indicating a 9% increase from the previous fiscal year.
Accenture's diluted earnings per share (EPS) stood at $11.64 for the fiscal year ended August 31, 2023, marking a 9% increase from the prior year. Moreover, the company reported a total assets value of $46.8 billion, showcasing a 7% increase from the previous fiscal year. Accenture's total liabilities were reported at $32.1 billion, reflecting a 6% increase from the prior year.
It's important to note that this recast information only includes items from the annual report and does not amend or modify the disclosures made in the annual report. Therefore, the recast financial information should be read in conjunction with Accenture's other filings with the Securities and Exchange Commission since the date of the annual report. The market has reacted to these announcements by moving the company's shares 1.1% to a price of $353.48. Check out the company's full 8-K submission here.
