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January 4, 2023updated 27 Jan 2023 2:59pm

What is Accenture?

The largest consulting firm in the world by employee numbers.

By Vinod

Founded in 1989, Global professional services company Accenture specialises in strategy and consulting with a particular focus on digital, technology and operations. The company was originally called Andersen Consulting but, owing to long-running internal tensions, split off in 2000 and has since grown to become the largest consulting firm in the world by number of employees.

Accenture
Image: Shutterstock

What does Accenture do?

Accenture’s client services span across industries and functions, but its main focuses cover strategy consulting, digital transformation, technology services and operations. Working to specific client goals, the company advises on and helps to implement solutions that will help them to operate in a more modern, efficient or cost-effective manner.

The company helps its clients to improve their performance and achieve their goals by providing them with expert advice, innovative solutions, and cutting-edge technology.

Some of the specific areas in which Accenture operates include:

Strategy

Accenture helps its clients to develop and implement strategic plans such as new operating models or finding avenues for innovation.

Consulting

The company provides advice and support to its clients in areas from finance to sustainability and metaverse adoption.

Technology

Technology solutions include software development, data analytics, cloud computing and ‘everything-as-a-service’ models.

Operations

Accenture helps clients to streamline their business practices in key areas such as supply chain management and pursuing process efficiencies.

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In terms of industry expertise, Accenture works with companies in the fields of communications, financial services, health and public service, industrial and consumer products, and resources including chemicals, energy and utilities.

How big is Accenture?

Accenture is considered the largest consulting firm by staff number and employs more than 738,000 people from more than 200 cities in 49 countries, servicing clients in 120 countries. The company has a strong presence in the world’s major market areas, including Africa, Asia Pacific (APAC), Europe, the Middle East and the Americas.

The company generated more than $61 billion in revenue in the fiscal year ending August 2022. It is listed on the New York Stock Exchange under the ticker CAN and is a member of the S&P 100, Russell 1000 and Fortune Global 500 indexes.

The author generated this text in part with GPT-3, OpenAI’s large-scale language-generation model. Upon generating draft language, the author reviewed, edited, and revised the language to their own liking and takes ultimate responsibility for the content of this publication.

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