10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2023

OR

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from             to

Commission File Number: 001-34448

Accenture plc

(Exact name of registrant as specified in its charter)

Ireland	98-0627530
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1 Grand Canal Square,

Grand Canal Harbour,

Dublin 2, Ireland

(Address of principal executive offices)

(353) (1) 646-2000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A ordinary shares, par value $0.0000225 per share	ACN	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☑	Accelerated filer	☐	Non-accelerated filer	☐
Smaller reporting company	☐	Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The number of shares of the registrant’s Class A ordinary shares, par value $0.0000225 per share, outstanding as of December 4, 2023 was 666,511,551 (which number includes 39,519,697 issued shares held by the registrant). The number of shares of the registrant’s Class X ordinary shares, par value $0.0000225 per share, outstanding as of December 4, 2023 was 318,441.

Table of Contents

		Page
Part I.	Financial Information	3
Item 1.	Financial Statements	3
	Consolidated Balance Sheets as of November 30, 2023 (Unaudited) and August 31, 2023	3
	Consolidated Income Statements (Unaudited) for the three months ended November 30, 2023 and 2022	4
	Consolidated Statements of Comprehensive Income (Unaudited) for the three months ended November 30, 2023 and 2022	5
	Consolidated Shareholders’ Equity Statement (Unaudited) for the three months ended November 30, 2023 and 2022	6
	Consolidated Cash Flows Statements (Unaudited) for the three months ended November 30, 2023 and 2022	8
	Notes to Consolidated Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30
Item 4.	Controls and Procedures	30
Part II.	Other Information	31
Item 1.	Legal Proceedings	31
Item 1A.	Risk Factors	31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 3.	Defaults Upon Senior Securities	31
Item 4.	Mine Safety Disclosures	32
Item 5.	Other Information	32
Item 6.	Exhibits	32
Signatures		33

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q		3

Part I — Financial Information

Item 1. Financial Statements

Consolidated Balance Sheets

November 30, 2023 and August 31, 2023

	November 30, 2023		August 31, 2023
ASSETS	(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents	$	7,140,841	$	9,045,032
Short-term investments	4,597		4,575
Receivables and contract assets	13,241,359		12,227,186
Other current assets	2,668,779		2,105,138
Total current assets	23,055,576		23,381,931
NON-CURRENT ASSETS:
Contract assets	121,563		106,994
Investments	198,074		197,443
Property and equipment, net	1,467,896		1,530,007
Lease assets	2,576,198		2,637,479
Goodwill	16,236,442		15,573,003
Deferred contract costs	827,608		851,972
Deferred tax assets	4,165,605		4,154,878
Other non-current assets	2,882,392		2,811,598
Total non-current assets	28,475,778		27,863,374
TOTAL ASSETS	$	51,531,354	$	51,245,305
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	$	104,819	$	104,810
Accounts payable	2,574,700		2,491,173
Deferred revenues	4,459,593		4,907,152
Accrued payroll and related benefits	7,260,479		7,506,030
Income taxes payable	755,929		720,778
Lease liabilities	683,628		690,417
Other accrued liabilities	1,441,090		1,588,678
Total current liabilities	17,280,238		18,009,038
NON-CURRENT LIABILITIES:
Long-term debt	42,309		43,093
Deferred revenues	634,981		653,954
Retirement obligation	1,586,945		1,595,638
Deferred tax liabilities	415,386		395,280
Income taxes payable	1,374,062		1,313,971
Lease liabilities	2,249,466		2,310,714
Other non-current liabilities	462,530		465,024
Total non-current liabilities	6,765,679		6,777,674
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of November 30, 2023 and August 31, 2023	57		57
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 666,511,551 and 664,616,285 shares issued as of November 30, 2023 and August 31, 2023, respectively	15		15
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 318,441 and 325,438 shares issued and outstanding as of November 30, 2023 and August 31, 2023, respectively	—		—
Restricted share units	2,553,022		2,403,374
Additional paid-in capital	13,353,477		12,778,782
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2023 and August 31, 2023; Class A ordinary, 39,519,697 and 36,351,137 shares as of November 30, 2023 and August 31, 2023, respectively	(8,032,018)		(7,062,512)
Retained earnings	20,429,413		19,316,224
Accumulated other comprehensive loss	(1,627,215)		(1,743,101)
Total Accenture plc shareholders’ equity	26,676,751		25,692,839
Noncontrolling interests	808,686		765,754
Total shareholders’ equity	27,485,437		26,458,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	51,531,354	$	51,245,305

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q		4

Consolidated Income Statements

For the Three Months Ended November 30, 2023 and 2022

(Unaudited)

	2023		2022
REVENUES:
Revenues	$	16,224,303	$	15,747,802
OPERATING EXPENSES:
Cost of services	10,776,362		10,561,660
Sales and marketing	1,709,891		1,550,019
General and administrative costs	1,033,499		1,043,023
Business optimization costs	139,664		—
Total operating expenses	13,659,416		13,154,702
OPERATING INCOME	2,564,887		2,593,100
Interest income	101,980		44,705
Interest expense	(14,495)		(7,280)
Other income (expense), net	(35,719)		(28,907)
INCOME BEFORE INCOME TAXES	2,616,653		2,601,618
Income tax expense	606,672		605,318
NET INCOME	2,009,981		1,996,300
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.	(2,016)		(2,085)
Net income attributable to noncontrolling interests – other	(34,521)		(29,265)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,973,444	$	1,964,950
Weighted average Class A ordinary shares:
Basic	627,996,111		630,137,262
Diluted	637,398,361		638,766,821
Earnings per Class A ordinary share:
Basic	$	3.14	$	3.12
Diluted	$	3.10	$	3.08
Cash dividends per share	$	1.29	$	1.12

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q		5

Consolidated Statements of Comprehensive Income

For the Three Months Ended November 30, 2023 and 2022

(Unaudited)

	2023		2022
NET INCOME	$	2,009,981	$	1,996,300
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	68,192		84,168
Defined benefit plans	36,392		91,680
Cash flow hedges	11,302		(41,178)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	115,886		134,670
Other comprehensive income (loss) attributable to noncontrolling interests	1,885		2,869
COMPREHENSIVE INCOME	$	2,127,752	$	2,133,839
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	2,089,330	$	2,099,620
Comprehensive income attributable to noncontrolling interests	38,422		34,219
COMPREHENSIVE INCOME	$	2,127,752	$	2,133,839

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		6

Consolidated Shareholders’ Equity Statement

For the Three Months Ended November 30, 2023

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of August 31, 2023	$	57	40	$	15	664,616	$	—	325	$	2,403,374	$	12,778,782	$	(7,062,512)	(36,391)	$	19,316,224	$	(1,743,101)	$	25,692,839	$	765,754	$	26,458,593
Net income																	1,973,444				1,973,444		36,537		2,009,981
Other comprehensive income (loss)																			115,886		115,886		1,885		117,771
Purchases of Class A shares												1,050		(1,188,289)		(3,810)					(1,187,239)		(1,050)		(1,188,289)
Share-based compensation expense										365,711		57,289									423,000				423,000
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(7)			(2,839)									(2,839)				(2,839)
Issuances of Class A shares for employee share programs						1,896				(245,342)		525,335		218,783		641	(21,751)				477,025		409		477,434
Dividends										29,279							(838,504)				(809,225)		(831)		(810,056)
Other, net												(6,140)									(6,140)		5,982		(158)
Balance as of November 30, 2023	$	57	40	$	15	666,512	$	—	318	$	2,553,022	$	13,353,477	$	(8,032,018)	(39,560)	$	20,429,413	$	(1,627,215)	$	26,676,751	$	808,686	$	27,485,437

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		7

Consolidated Shareholders’ Equity Statement — (continued)

For the Three Months Ended November 30, 2022

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of August 31, 2022	$	57	40	$	15	664,561	$	—	501	$	2,091,382	$	10,679,180	$	(6,678,037)	(33,434)	$	18,203,842	$	(2,190,342)	$	22,106,097	$	640,991	$	22,747,088
Net income																	1,964,950				1,964,950		31,350		1,996,300
Other comprehensive income (loss)																			134,670		134,670		2,869		137,539
Purchases of Class A shares												1,304		(1,417,148)		(5,210)					(1,415,844)		(1,304)		(1,417,148)
Cancellation of treasury shares						(8,828)						(175,701)		2,595,281		8,828	(2,419,580)				—				—
Share-based compensation expense										369,494		55,975									425,469				425,469
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(2)			(1,554)									(1,554)				(1,554)
Issuances of Class A shares for employee share programs						2,522				(319,202)		491,630		329,937		966	(37,079)				465,286		421		465,707
Dividends										25,763							(730,701)				(704,938)		(629)		(705,567)
Other, net												475									475		17,641		18,116
Balance as of November 30, 2022	$	57	40	$	15	658,255	$	—	499	$	2,167,437	$	11,051,309	$	(5,169,967)	(28,850)	$	16,981,432	$	(2,055,672)	$	22,974,611	$	691,339	$	23,665,950

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements  (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q		8

Consolidated Cash Flows Statements

For the Three Months Ended November 30, 2023 and 2022

(Unaudited)

	2023		2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	2,009,981	$	1,996,300
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other	521,400		506,229
Share-based compensation expense	423,000		425,469
Deferred tax expense (benefit)	(24,371)		(54,537)
Other, net	6,795		(45,940)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current	(836,231)		(609,433)
Other current and non-current assets	(658,647)		(307,960)
Accounts payable	48,728		(202,182)
Deferred revenues, current and non-current	(510,391)		(270,988)
Accrued payroll and related benefits	(273,763)		(771,743)
Income taxes payable, current and non-current	85,142		115,187
Other current and non-current liabilities	(293,092)		(285,004)
Net cash provided by (used in) operating activities	498,551		495,398
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(68,933)		(98,830)
Purchases of businesses and investments, net of cash acquired	(788,025)		(686,460)
Proceeds from the sale of businesses and investments	—		596
Other investing, net	1,528		2,620
Net cash provided by (used in) investing activities	(855,430)		(782,074)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	477,434		465,707
Purchases of shares	(1,191,128)		(1,418,702)
Proceeds from (repayments of) debt, net	(8,481)		(1,611)
Cash dividends paid	(810,056)		(705,567)
Other financing, net	(19,682)		(16,687)
Net cash provided by (used in) financing activities	(1,551,913)		(1,676,860)
Effect of exchange rate changes on cash and cash equivalents	4,601		(26,594)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,904,191)		(1,990,130)
CASH AND CASH EQUIVALENTS, beginning of period	9,045,032		7,889,833
CASH AND CASH EQUIVALENTS, end of period	$	7,140,841	$	5,899,703
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	$	563,359	$	563,526

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		9

1. Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of November 30, 2023 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $24,210 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	November 30, 2023		August 31, 2023
Equity method investments	$	23,778	$	23,985
Investments without readily determinable fair values	174,296		173,458
Total non-current investments	$	198,074	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		10

Depreciation and Amortization

As of November 30, 2023 and August 31, 2023, total accumulated depreciation was $2,660,216 and $2,574,685, respectively. See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three months ended November 30, 2023 and 2022, respectively.

	Three Months Ended
	November 30, 2023		November 30, 2022
Depreciation	$	133,245	$	144,049
Amortization - Deferred transition	98,491		70,440
Amortization - Intangible assets	111,631		109,069
Operating lease cost	175,014		180,502
Other	3,019		2,169
Total depreciation, amortization and other	$	521,400	$	506,229

Business Optimization

During the second quarter of fiscal 2023, we initiated actions to streamline our operations, transform our non-billable corporate functions and consolidate our office space to reduce costs. We recorded $1.1 billion in fiscal 2023 related to these actions and expect to record approximately $450 million in fiscal 2024 for a total of $1.5 billion, primarily related to employee severance. The actual amount and timing of severance and other personnel costs are dependent in part upon local country consultation processes and regulations and may differ from our current expectations and estimates.

Total business optimization costs by reportable operating segment for the three months ended November 30, 2023 were as follows:

	Three Months Ended
	November 30, 2023
North America	$	45,929
EMEA (1)	70,804
Growth Markets (1)	22,931
Total business optimization costs	$	139,664

(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.

New Accounting Pronouncement

On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		11

2. Revenues

Disaggregation of Revenue

See Note 11 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues.

Remaining Performance Obligations

We had remaining performance obligations of approximately $26 billion as of November 30, 2023 and August 31, 2023, respectively. Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. We expect to recognize approximately 60% of our remaining performance obligations as of November 30, 2023 as revenue in fiscal 2024, an additional 20% in fiscal 2025, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three months ended November 30, 2023 and 2022, respectively.

Contract Balances

Deferred transition revenues were $634,981 and $653,954 as of November 30, 2023 and August 31, 2023, respectively, and are included in Non-current deferred revenues. Costs related to these activities are also deferred and are expensed as the services are provided. Deferred transition costs were $827,608 and $851,972 as of November 30, 2023 and August 31, 2023, respectively, and are included in Deferred contract costs. Generally, deferred amounts are protected in the event of early termination of the contract and are monitored regularly for impairment. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets.

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of November 30, 2023		As of August 31, 2023
Receivables	$	11,467,109	$	10,690,713
Contract assets (current)	1,774,250		1,536,473
Receivables and contract assets, net of allowance (current)	13,241,359		12,227,186
Contract assets (non-current)	121,563		106,994
Deferred revenues (current)	4,459,593		4,907,152
Deferred revenues (non-current)	634,981		653,954

Changes in the contract asset and liability balances during the three months ended November 30, 2023 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three months ended November 30, 2023 that were included in Deferred revenues as of August 31, 2023 were $2.8 billion. Revenues recognized during the three months ended November 30, 2022 that were included in Deferred revenues as of August 31, 2022 were $2.5 billion.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		12

3. Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended
	November 30, 2023		November 30, 2022
Basic earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Basic earnings per share	$	3.14	$	3.12
Diluted earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	2,016		2,085
Net income for diluted earnings per share calculation	$	1,975,460	$	1,967,035
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	641,659		668,715
Diluted effect of employee compensation related to Class A ordinary shares	8,492,332		7,847,787
Diluted effect of share purchase plans related to Class A ordinary shares	268,259		113,057
Diluted weighted average Class A ordinary shares	637,398,361		638,766,821
Diluted earnings per share	$	3.10	$	3.08

(1)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.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		13

4. Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2023		November 30, 2022
Foreign currency translation
Beginning balance	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	67,789		86,984
Income tax benefit (expense)	2,240		—
Portion attributable to noncontrolling interests	(1,837)		(2,816)
Foreign currency translation, net of tax	68,192		84,168
Ending balance	(1,442,440)		(1,768,152)
Defined benefit plans
Beginning balance	(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	44,294		126,171
Income tax benefit (expense)	(7,865)		(34,394)
Portion attributable to noncontrolling interests	(37)		(97)
Defined benefit plans, net of tax	36,392		91,680
Ending balance	(190,111)		(257,091)
Cash flow hedges
Beginning balance	(5,966)		10,749
Unrealized gain (loss)	23,614		(59,879)
Reclassification adjustments into Cost of services	(10,600)		2,606
Income tax benefit (expense)	(1,701)		16,051
Portion attributable to noncontrolling interests	(11)		44
Cash flow hedges, net of tax	11,302		(41,178)
Ending balance (1)	5,336		(30,429)
Accumulated other comprehensive loss	$	(1,627,215)	$	(2,055,672)

(1)As of November 30, 2023, $13,741 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

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ACCENTURE FORM 10-Q		14

5. Business Combinations

During the three months ended November 30, 2023, we completed individually immaterial acquisitions for total consideration of $781,525, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

6. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		November 30, 2023
North America	$	8,876,050	$	445,211	$	1,699	$	9,322,960
EMEA (1)	5,152,149		152,424		22,123		5,326,696
Growth Markets (1)	1,544,804		31,702		10,280		1,586,786
Total	$	15,573,003	$	629,337	$	34,102	$	16,236,442

(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.

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						November 30, 2023
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	2,979,421	$	(1,062,036)	$	1,917,385
Technology	289,989		(141,022)		148,967		283,008		(147,420)		135,588
Patents	123,579		(70,472)		53,107		123,058		(70,256)		52,802
Other	65,138		(36,908)		28,230		75,524		(36,995)		38,529
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	3,461,011	$	(1,316,707)	$	2,144,304

Total amortization related to our intangible assets was $111,631 and $109,069 for the three months ended November 30, 2023 and 2022, respectively. Estimated future amortization related to intangible assets held as of November 30, 2023 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	340,888
2025	422,296
2026	372,627
2027	302,269
2028	270,412
Thereafter	435,812
Total	$	2,144,304

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		15

7. Shareholders’ Equity

Dividends

Our dividend activity during the three months ended November 30, 2023 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056

The payment of cash dividends includes the net effect of $29,279 of additional restricted stock units being issued as a part of our share plans, which resulted in 89,674 restricted share units being issued.

Subsequent Event

On December 18, 2023, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.29 per share on our Class A ordinary shares for shareholders of record at the close of business on January 18, 2024 payable on February 15, 2024.

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ACCENTURE FORM 10-Q		16

8. Financial Instruments

Derivatives

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2023 and 2022, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $20,280 and $29,691 for the three months ended November 30, 2023 and 2022, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	November 30, 2023		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	51,060	$	52,995
Other non-current assets	40,640		44,739
Other Derivatives
Other current assets	57,358		6,686
Total assets	$	149,058	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	37,319	$	50,020
Other non-current liabilities	18,952		26,076
Other Derivatives
Other accrued liabilities	12,252		38,645
Total liabilities	$	68,523	$	114,741
Total fair value	$	80,535	$	(10,321)
Total notional value	$	12,439,169	$	13,390,031

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	November 30, 2023		August 31, 2023
Net derivative assets	$	101,420	$	50,528
Net derivative liabilities	20,885		60,849
Total fair value	$	80,535	$	(10,321)

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ACCENTURE FORM 10-Q		17

9. Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended November 30, 2023 and 2022 were 23.2% and 23.3%, respectively.

10. Commitments and Contingencies

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2023 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $1,929,000 and $1,793,000, respectively, of which all but approximately $52,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of November 30, 2023 and August 31, 2023, we have issued or provided guarantees in the form of letters of credit and surety bonds of $1,348,671 and $1,294,653, respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance. These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of November 30, 2023, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. We have filed a petition to appeal. We continue to believe the lawsuit is without merit and we will vigorously defend it. At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		18

an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences as described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended August 31, 2023 – “Our work with government clients exposes us to additional risks inherent in the government contracting environment”. We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs that are reasonably likely to be incurred in connection with this matter.

11. Segment Reporting

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 below have been reclassified to conform with the current period presentation.

Our reportable segments are our three geographic markets, which are North America, EMEA and Growth Markets.

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	7,562,902	$	7,622,820
EMEA	5,803,642		5,312,899
Growth Markets	2,857,759		2,812,083
Total Revenues	$	16,224,303	$	15,747,802
Industry Groups
Communications, Media & Technology	$	2,669,448	$	2,980,203
Financial Services	3,033,578		2,963,396
Health & Public Service	3,377,466		3,000,019
Products	4,859,987		4,665,788
Resources	2,283,824		2,138,396
Total Revenues	$	16,224,303	$	15,747,802
Type of Work
Consulting	$	8,456,506	$	8,444,367
Managed Services	7,767,797		7,303,435
Total Revenues	$	16,224,303	$	15,747,802

	Operating Income
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	1,256,708	$	1,309,883
EMEA	823,601		726,883
Growth Markets	484,578		556,334
Total Operating Income	$	2,564,887	$	2,593,100

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	19

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our Consolidated Financial Statements and related Notes included elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended August 31, 2023, and with the information under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended August 31, 2023.

We use the terms “Accenture,” “we,” “our” and “us” in this report to refer to Accenture plc and its subsidiaries. All references to years, unless otherwise noted, refer to our fiscal year, which ends on August 31. For example, a reference to “fiscal 2024” means the 12-month period that will end on August 31, 2024. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year.

We use the term “in local currency” so that certain financial results may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. 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. This approach is used for all results where the functional currency is not the U.S. dollar.

Disclosure Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. 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 and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to those identified below.

Business Risks

•Our 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 our clients’ businesses and levels of business activity.

•Our business depends on generating and maintaining client demand for our services and solutions, including through the adaptation and expansion of our 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 our results of operations.

•If we are unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected.

•We face legal, reputational and financial risks from any failure to protect client and/or Accenture data from security incidents or cyberattacks.

•The markets in which we operate are highly competitive, and we might not be able to compete effectively.

•Our ability to attract and retain business and employees may depend on our reputation in the marketplace.

•If we do not successfully manage and develop our relationships with key ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	20

Financial Risks

•Our profitability could materially suffer if we are unable to obtain favorable pricing for our services and solutions, if we are unable to remain competitive, if our cost-management strategies are unsuccessful or if we experience delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels.

•Changes in our 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 our effective tax rate, results of operations, cash flows and financial condition.

•Our 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 we make in connection with the preparation of our consolidated financial statements could adversely affect our financial results.

Operational Risks

•As a result of our geographically diverse operations and strategy to continue to grow in key markets around the world, we are more susceptible to certain risks.

•If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives.

•We might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses.

Legal and Regulatory Risks

•Our business could be materially adversely affected if we incur legal liability.

•Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business.

•Our work with government clients exposes us to additional risks inherent in the government contracting environment.

•If we are unable to protect or enforce our intellectual property rights, or if our services or solutions infringe upon the intellectual property rights of others or we lose our ability to utilize the intellectual property of others, our business could be adversely affected.

•We are incorporated in Ireland and Irish law differs from the laws in effect in the United States and might afford less protection to our shareholders. We may also be subject to criticism and negative publicity related to our incorporation in Ireland.

For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2023. Our forward-looking statements speak only as of the date of this report or as of the date they are made, and we undertake no obligation to update any forward-looking statements.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	21

Overview

Accenture is a leading global professional services company, providing a broad range of services and solutions across Strategy & Consulting, Technology, Operations, Industry X and Song. We serve clients in three geographic markets: North America, EMEA (Europe, Middle East and Africa) and Growth Markets (Asia Pacific and Latin America). We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability to help 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.

Our results of operations are affected by economic conditions, including macroeconomic conditions, the overall inflationary environment and levels of business confidence. There continues to be significant economic and geopolitical uncertainty in many markets around the world, which has impacted and may continue to impact our business. These conditions have slowed the pace and level of client spending for smaller contracts with a shorter duration, especially for our consulting services. From an industry perspective, we are also experiencing reduced demand particularly in our Communications, Media & Technology industry group.

Key Metrics

Key metrics for the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023 are included below. We have presented operating margin and diluted earnings per share on a non-GAAP or “adjusted” basis to exclude the impact of $140 million in business optimization costs. For additional information, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

•Revenues of $16.2 billion, representing 3% growth in U.S. dollars and 1% growth in local currency;

•New bookings of $18.4 billion, an increase of 14% in U.S. dollars and 12% in local currency;

•Operating margin of 15.8%, compared to 16.5% in the first quarter of fiscal 2023; adjusted operating margin expanded 20 basis points to 16.7%;

•Diluted earnings per share of $3.10, compared to $3.08 in the first quarter of fiscal 2023; adjusted earnings per share increased 6% to $3.27; and

•Cash returned to shareholders of $2.0 billion, including share purchases of $1.2 billion and dividends of $810 million.

Revenues

		Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent Increase (Decrease) Local Currency
(in billions of U.S. dollars)		November 30, 2023		November 30, 2022
Geographic Markets (1)	North America	$	7.6	$	7.6	(1)	%	(1)	%
	EMEA	5.8		5.3		9		2
	Growth Markets	2.9		2.8		2		5
	Total Revenues	$	16.2	$	15.7	3	%	1	%
Industry Groups	Communications, Media & Technology	$	2.7	$	3.0	(10)	%	(11)	%
	Financial Services	3.0		3.0		2		—
	Health & Public Service	3.4		3.0		13		12
	Products	4.9		4.7		4		1
	Resources	2.3		2.1		7		6
	Total Revenues	$	16.2	$	15.7	3	%	1	%
Type of Work	Consulting	$	8.5	$	8.4	—	%	(2)	%
	Managed Services	7.8		7.3		6		5
	Total Revenues	$	16.2	$	15.7	3	%	1	%

Amounts in table may not total due to rounding.

(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.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	22

Revenues for the first quarter of fiscal 2024 increased 3% in U.S. dollars and 1% in local currency compared to the first quarter of fiscal 2023. During the first quarter of fiscal 2024, revenue growth in local currency was solid in Growth Markets and modest in EMEA, partially offset by a slight decline in North America. We experienced local currency revenue growth that was very strong in Health & Public Service, strong in Resources, slight in Products and flat in Financial Services, partially offset by a significant decline in Communications, Media & Technology. Revenue growth in local currency was solid in managed services, partially offset by a modest decline in consulting during the first quarter of fiscal 2024. The business environment is competitive, and we have been experiencing lower pricing across the business. We define pricing as contract profitability or margin on the work that we sell.

In our consulting business, revenues for the first quarter of fiscal 2024 were flat in U.S. dollars and decreased 2% in local currency compared to the first quarter of fiscal 2023. The decline in consulting revenue in local currency for the first quarter of fiscal 2024 was driven by modest declines in North America and EMEA, while Growth Markets was flat. Our consulting revenue continues to be driven by helping our clients accelerate their digital transformation, including moving to the cloud, embedding security across the enterprise and adopting new technologies. In addition, clients continue to be focused on initiatives designed to deliver cost savings and operational efficiency, as well as projects to accelerate growth and improve customer experiences. While we continue to experience demand for these services, we are seeing a slower pace and level of client spending, especially for smaller contracts with a shorter duration.

In our managed services business, revenues for the first quarter of fiscal 2024 increased 6% in U.S. dollars and 5% in local currency compared to the first quarter of fiscal 2023. Managed services revenue in local currency for the first quarter of fiscal 2024 was driven by very strong growth in Growth Markets and EMEA, while North America was flat. We continue to experience growing demand to assist clients with application modernization and maintenance, cloud enablement and cybersecurity-as-a-service. In addition, clients continue to be focused on transforming their operations through technology, data and AI, and leveraging our digital platforms and talent to drive productivity and operational cost savings.

As we are a global company, our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations. While a significant portion of our revenues are in U.S. dollars, the majority of our revenues are denominated in other currencies, including the Euro, Japanese yen and U.K. pound. There continues to be volatility in foreign currency exchange rates. Unfavorable fluctuations in foreign currency exchange rates have had and could in the future have a material effect on our financial results. If the U.S. dollar weakens against other currencies, resulting in favorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be higher. If the U.S. dollar strengthens against other currencies, resulting in unfavorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be lower. The U.S. dollar weakened against various currencies during the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023, resulting in favorable currency translation and U.S. dollar revenue growth that was approximately 1.5% higher than our revenue growth in local currency. Assuming that exchange rates stay within recent ranges for the remainder of fiscal 2024, we estimate that our full fiscal 2024 revenue growth in U.S. dollars will be approximately equal to our revenue growth in local currency.

People Metrics

Utilization	Workforce	Annualized Voluntary Attrition
91%	743,000+	11%
consistent with the first quarter of fiscal 2023	compared to approximately 738,000 as of November 30, 2022	compared to 13% in the first quarter of fiscal 2023

Utilization for the first quarter of fiscal 2024 was 91%, consistent with the first quarter of fiscal 2023. We hire to meet current and projected future demand. We proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our services and solutions, given that compensation costs are the most significant portion of our operating expenses. Our workforce, the majority of which serves our clients, increased to approximately 743,000 as of November 30, 2023, compared to approximately 738,000 as of November 30, 2022. The year-over-year increase in our workforce reflects people added in connection with acquisitions and hiring for specific skills.

For the first quarter of fiscal 2024, annualized attrition, excluding involuntary terminations, was 11%, down from 13% in the first quarter of fiscal 2023. We evaluate voluntary attrition, adjust levels of new hiring and use involuntary terminations as a means to keep our supply of skills and resources in balance with changes in client demand.

In addition, we adjust compensation to provide market relevant pay based on the skills of our people and locations where we operate. We also consider a variety of factors, including the macroeconomic environment, in making our decisions around pay and benefits. We strive to adjust pricing as well as drive cost and delivery efficiencies, such as changing the mix of people and utilizing technology, to reduce the impact of compensation increases on our margin and contract profitability.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to: match people and skills with the types or amounts of services and solutions clients are demanding; recover or offset increases in compensation; deploy our employees globally on a timely basis; manage attrition; and/or effectively assimilate new employees.

Operating Expenses

The primary categories of operating expenses include Cost of services, Sales and marketing and General and administrative costs. Cost of services is primarily driven by the cost of people serving our clients, which consists mainly of compensation, subcontractor and other payroll costs, and non-payroll costs such as facilities, technology and travel. Cost of services includes a variety of activities such as: contract delivery; recruiting and training; software development; and integration of acquisitions. Sales and marketing costs are driven primarily by: compensation costs for business development activities; marketing- and advertising-related activities; and certain acquisition-related costs. General and administrative costs primarily include costs for people that are non-client-facing, information systems, office space and certain acquisition-related costs.

Gross margin (Revenues less Cost of services as a percentage of Revenues) for the first quarter of fiscal 2024 was 33.6%, compared with 32.9% for the first quarter of fiscal 2023. The increase in gross margin for the first quarter of fiscal 2024 was primarily due to lower labor costs, including lower subcontractor costs, partially offset by higher non-payroll costs, primarily for travel.

Sales and marketing and General and administrative costs as a percentage of revenues were 16.9% for the first quarter of fiscal 2024 compared with 16.5% for the first quarter of fiscal 2023. For the first quarter of fiscal 2024 compared to the same period in fiscal 2023, Sales and marketing costs increased 70 basis points due to higher selling and other business development costs as a percentage of revenues. For the first quarter of fiscal 2024 compared to the same period in fiscal 2023, General and administrative costs decreased 20 basis points as a percentage of revenues.

During the three months ended November 30, 2023, we recorded $140 million in business optimization costs, primarily for employee severance. For additional information, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Operating margin (Operating income as a percentage of Revenues) for the first quarter of fiscal 2024 was 15.8%, compared with 16.5% for the first quarter of fiscal 2023. The business optimization costs recorded during the three months ended November 30, 2023 reduced operating margin by 90 basis points. Excluding these costs, operating margin for the three months ended November 30, 2023 increased 20 basis points to 16.7%.

Effective Tax Rate

The effective tax rates for the first quarter of fiscal 2024 and 2023 were 23.2% and 23.3%, respectively. The business optimization costs of $140 million and related reduction in tax expense of $34 million for the three months ended November 30, 2023 had an immaterial impact on our effective tax rate.

Earnings Per Share

Diluted earnings per share were $3.10 for the first quarter of fiscal 2024, compared with $3.08 for the first quarter of fiscal 2023. The $106 million of business optimization costs, net of related taxes, decreased diluted earnings per share by $0.17 for the first quarter of fiscal 2024. Excluding these impacts, diluted earnings per share were $3.27 for the first quarter of fiscal 2024.

Non-GAAP Financial Measures

For fiscal 2024, we have presented operating income, operating margin, effective tax rate and diluted earnings per share excluding the business optimization costs, as we believe doing so facilitates understanding as to the impact of these items and our performance in comparison to the prior periods. While we believe that this non-GAAP financial information is useful in evaluating our 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.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	24

New Bookings

	Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent  Increase (Decrease) Local  Currency
(in billions of U.S. dollars)	November 30, 2023		November 30, 2022
Consulting	$	8.6	$	8.1	6	%	5	%
Managed Services	9.8		8.1		21		19
Total New Bookings	$	18.4	$	16.2	14	%	12	%

We provide information regarding our new bookings, which include new contracts, including those acquired through acquisitions, as well as renewals, extensions and changes to existing contracts, because we believe doing so provides useful trend information regarding changes in the volume of our new business over time. New bookings can vary significantly quarter to quarter depending in part on the timing of the signing of a small number of large managed services contracts. The types of services and solutions clients are demanding and the pace and level of their spending may impact the conversion of new bookings to revenues. For example, managed services bookings, which are typically for multi-year contracts, generally convert to revenue over a longer period of time compared to consulting bookings.

Information regarding our new bookings is not comparable to, nor should it be substituted for, an analysis of our revenues over time. New bookings involve estimates and judgments. There are no third-party standards or requirements governing the calculation of bookings. We do not update our new bookings for material subsequent terminations or reductions related to bookings originally recorded in prior fiscal years. New bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations.

The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Only the non-cancelable portion of these contracts is included in our remaining performance obligations disclosed in Note 2 (Revenues) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Accordingly, a significant portion of what we consider contract bookings is not included in our remaining performance obligations.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	25

Results of Operations for the Three Months Ended November 30, 2023 Compared to the Three Months Ended November 30, 2022

Revenues by geographic market, industry group and type of work are as follows:

	Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent Increase (Decrease) Local Currency		Percent of Revenues for the Three Months Ended
(in millions of U.S. dollars)	November 30, 2023		November 30, 2022						November 30, 2023		November 30, 2022
Geographic Markets (1)
North America	$	7,563	$	7,623	(1)	%	(1)	%	47	%	48	%
EMEA	5,804		5,313		9		2		36		34
Growth Markets	2,858		2,812		2		5		18		18
Total	$	16,224	$	15,748	3	%	1	%	100	%	100	%
Industry Groups
Communications, Media & Technology	$	2,669	$	2,980	(10)	%	(11)	%	16	%	19	%
Financial Services	3,034		2,963		2		—		19		19
Health & Public Service	3,377		3,000		13		12		21		19
Products	4,860		4,666		4		1		30		30
Resources	2,284		2,138		7		6		14		14
Total	$	16,224	$	15,748	3	%	1	%	100	%	100	%
Type of Work
Consulting	$	8,457	$	8,444	—	%	(2)	%	52	%	54	%
Managed Services	7,768		7,303		6		5		48		46
Total	$	16,224	$	15,748	3	%	1	%	100	%	100	%

Amounts in table may not total due to rounding.

(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.

Revenues

The following revenues commentary discusses local currency revenue changes for the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023:

Geographic Markets

•North America revenues decreased 1% in local currency, due to declines in Communications & Media, Software & Platforms and Banking & Capital Markets. These decreases were partially offset by growth in Public Service. The decline in revenues was driven by the United States.

•EMEA revenues increased 2% in local currency, led by growth in Public Service and Banking & Capital Markets. These increases were partially offset by a decline in Communications & Media. Revenue growth was driven by Italy, Austria and France, partially offset by a decline in the United Kingdom.

•Growth Markets revenues increased 5% in local currency, led by growth in Chemicals & Natural Resources, Public Service, and Banking & Capital Markets. Revenue growth was driven by Japan.

Operating Expenses

Operating expenses for the first quarter of fiscal 2024 increased $505 million, or 4%, compared to the first quarter of fiscal 2023, and increased as a percentage of revenues to 84.2% compared to 83.5% during this period. The increase as a percentage of revenues is primarily due to business optimization costs of $140 million recorded during the first quarter of fiscal 2024.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	26

Operating expenses by category are as follows:

	Three Months Ended
(in millions of U.S. dollars)	November 30, 2023				November 30, 2022				Increase (Decrease)
Operating Expenses	$	13,659	84.2	%	$	13,155	83.5	%	$	505
Cost of services	10,776		66.4		10,562		67.1		215
Sales and marketing	1,710		10.5		1,550		9.8		160
General and administrative costs	1,033		6.4		1,043		6.6		(10)
Business optimization costs	140		0.9		—		—		140

Amounts in table may not total due to rounding.

Cost of Services

Cost of services for the first quarter of fiscal 2024 increased $215 million, or 2%, over the first quarter of fiscal 2023, and decreased as a percentage of revenues to 66.4% from 67.1% during this period. Gross margin for the first quarter of fiscal 2024 increased as a percentage of revenues to 33.6% over 32.9% during the first quarter of fiscal 2023. The increase in gross margin was primarily due to lower labor costs, including lower subcontractor costs, partially offset by higher non-payroll costs, primarily for travel compared to the same period in fiscal 2023.

Sales and Marketing

Sales and marketing expense for the first quarter of fiscal 2024 increased $160 million, or 10%, over the first quarter of fiscal 2023, and increased as a percentage of revenues to 10.5% over 9.8% during this period due to higher selling and other business development costs as a percentage of revenues.

General and Administrative Costs

General and administrative costs for the first quarter of fiscal 2024 decreased $10 million, or 1%, from the first quarter of fiscal 2023, and decreased as a percentage of revenues to 6.4% from 6.6% during this period.

Business Optimization Costs

During the first quarter of fiscal 2024, we recorded business optimization costs of $140 million, primarily for employee severance. For additional information, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Operating Income and Operating Margin

Operating income for the first quarter of fiscal 2024 decreased $28 million, or 1%, from the first quarter of fiscal 2023. Operating margin for the first quarter of fiscal 2024 was 15.8%, compared with 16.5% for the first quarter of fiscal 2023. The business optimization costs reduced operating margin by 90 basis points. Excluding these costs, operating margin for the first quarter of fiscal 2024 increased 20 basis points to 16.7%.

Operating income and operating margin for each of the geographic markets are as follows:

	Three Months Ended
	November 30, 2023				November 30, 2022
(in millions of U.S. dollars)	Operating Income		Operating Margin		Operating Income		Operating Margin		Increase (Decrease)
North America	$	1,257	17	%	$	1,310	17	%	$	(53)
EMEA (1)	824		14		727		14		97
Growth Markets (1)	485		17		556		20		(72)
Total	$	2,565	15.8	%	$	2,593	16.5	%	$	(28)

Amounts in table may not total due to rounding.

(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.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	27

Operating Income and Operating Margin Excluding Business Optimization Costs (Non-GAAP)

	Three Months Ended
	November 30, 2023								November 30, 2022
(in millions of U.S. dollars)	Operating Income (GAAP)		Business Optimization (1)		Operating Income (Non-GAAP)		Operating Margin (Non-GAAP)		Operating Income (GAAP)		Operating Margin (GAAP)		Increase (Decrease)
North America	$	1,257	$	46	$	1,303	17	%	$	1,310	17	%	$	(7)
EMEA (2)	824		71		894		15		727		14		168
Growth Markets (2)	485		23		508		18		556		20		(49)
Total	$	2,565	$	140	$	2,705	16.7	%	$	2,593	16.5	%	$	111

Amounts in table may not total due to rounding.

(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.

We estimate that the aggregate percentage impact of foreign currency exchange rates on our operating income during the first quarter of fiscal 2024 was similar to that disclosed for revenue for each geographic market. In addition, during the first quarter of fiscal 2024 each geographic market’s operating income was unfavorably impacted by business optimization costs. The commentary below provides insight into other factors affecting geographic market performance and operating income, including the impact of foreign currency exchange rates where significant, for the first quarter of fiscal 2024 compared with the first quarter of fiscal 2023:

•North America operating income was relatively flat year-over-year as a decline in consulting revenue and lower contract profitability was offset by lower labor costs.

•EMEA operating income increased primarily due to managed services revenue growth in local currency and the positive impact of foreign currency exchange rates which resulted in an increase in U.S. dollar revenues.

•Growth Markets operating income decreased as revenue growth was more than offset by lower contract profitability and an increase in selling and other business development costs as a percentage of revenues.    

Interest Income

Interest income for the first quarter of fiscal 2024 was $102 million, an increase of $57 million over the first quarter of fiscal 2023. The increase was primarily due to higher cash balances and interest rates.

Income Tax Expense

The effective tax rates for the first quarter of fiscal 2024 and 2023 were 23.2% and 23.3%, respectively. The business optimization costs of $140 million and related reduction in tax expense of $34 million for the three months ended November 30, 2023 had an immaterial impact on our effective tax rate.

Earnings Per Share

Diluted earnings per share were $3.10 for the first quarter of fiscal 2024, compared with $3.08 for the first quarter of fiscal 2023. The $106 million of business optimization costs, net of related taxes, decreased diluted earnings per share by $0.17. Excluding these impacts, diluted earnings per share were $3.27 for the first quarter of fiscal 2024. For information regarding our earnings per share calculations, see Note 3 (Earnings Per Share) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

The increase in diluted earnings per share was due to the following factors:

	Earnings Per Share
Q1 FY23 As Reported	$	3.08
Higher revenue and operating results	0.14
Higher non-operating income	0.05
Lower share count	0.01
Higher net income attributable to noncontrolling interests	(0.01)
Q1 FY24 As Adjusted	$	3.27
Business optimization costs	(0.17)
Q1 FY24 As Reported	$	3.10

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	28

Liquidity and Capital Resources

As of November 30, 2023, Cash and cash equivalents was $7.1 billion, compared with $9.0 billion as of August 31, 2023.

Cash flows from operating, investing and financing activities, as reflected in our Consolidated Cash Flows Statements, are summarized in the following table:

	Three months ended
(in millions of U.S. dollars)	November 30, 2023		November 30, 2022		Change
Net cash provided by (used in):
Operating activities	$	499	$	495	$	3
Investing activities	(855)		(782)		(73)
Financing activities	(1,552)		(1,677)		125
Effect of exchange rate changes on cash and cash equivalents	5		(27)		31
Net increase (decrease) in cash and cash equivalents	$	(1,904)	$	(1,990)	$	86

Amounts in table may not total due to rounding.

Operating activities: The $3 million increase in operating cash flows was primarily due to higher net income, partially offset by changes in operating assets and liabilities.

Investing activities: The $73 million increase in cash used was primarily due to higher spending on business acquisitions. For additional information, see Note 5 (Business Combinations) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Financing activities: The $125 million decrease in cash used was primarily due to a decrease in the net purchases of shares, partially offset by an increase in cash dividends paid. For additional information, see Note 7 (Shareholders’ Equity) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

We believe that our current and longer-term working capital, investments and other general corporate funding requirements will be satisfied for the next twelve months and thereafter through cash flows from operations and, to the extent necessary, from our borrowing facilities and future financial market activities.

Substantially all of our cash is held in jurisdictions where there are no regulatory restrictions or material tax effects on the free flow of funds. Domestic cash inflows for our Irish parent, principally dividend distributions from lower-tier subsidiaries, have been sufficient to meet our historic cash requirements, and we expect this to continue into the future.

Borrowing Facilities

As of November 30, 2023, we had the following borrowing facilities:

(in millions of U.S. dollars)	Credit Facilities
Syndicated loan facility (1)	$	3,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities	1,873
Local guaranteed and non-guaranteed lines of credit	248
Total	$	5,122

Amounts in table may not total due to rounding.

(1)This facility, which matures on April 24, 2026, provides unsecured, revolving borrowing capacity for general corporate capital purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We continue to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of November 30, 2023, we had $100 million of commercial paper outstanding and backed by this facility, with a weighted-average effective interest rate of 5.4%.

Under the borrowing facilities described above, we had an aggregate of $1,099 million of letters of credit outstanding as of November 30, 2023. We also had $100 million of commercial paper outstanding as of November 30, 2023. The amount of commercial paper and letters of credit outstanding reduces the available borrowing capacity under these facilities.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	29

Share Purchases and Redemptions

The Board of Directors of Accenture plc has authorized funding for our publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares and for purchases and redemptions of Accenture plc Class A ordinary shares and Accenture Canada Holdings Inc. exchangeable shares held by current and former members of Accenture Leadership and their permitted transferees.

Our share purchase activity during the three months ended November 30, 2023 is as follows:

	Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares
(in millions of U.S. dollars, except share amounts)	Shares	Amount		Shares	Amount
Open-market share purchases (1)	3,439,438	$	1,075	—	$	—
Other share purchase programs	—	—		8,997	3
Other purchases (2)	370,495	113		—	—
Total	3,809,933	$	1,188	8,997	$	3

(1)We conduct a publicly announced open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees.

(2)During the three months ended November 30, 2023, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

We intend to continue to use a significant portion of cash generated from operations for share repurchases during the remainder of fiscal 2024. The number of shares ultimately repurchased under our open-market share purchase program may vary depending on numerous factors, including, without limitation, share price and other market conditions, our ongoing capital allocation planning, the levels of cash and debt balances, other demands for cash, such as acquisition activity, general economic and/or business conditions, and board and management discretion. Additionally, as these factors may change over the course of the year, the amount of share repurchase activity during any particular period cannot be predicted and may fluctuate from time to time. Share repurchases may be made from time to time through open-market purchases, in respect of purchases and redemptions of Accenture Canada Holdings Inc. exchangeable shares, through the use of Rule 10b5-1 plans and/or by other means. The repurchase program may be accelerated, suspended, delayed or discontinued at any time, without notice.

Off-Balance Sheet Arrangements

In the normal course of business and in conjunction with some client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

To date, we have not been required to make any significant payment under any of the arrangements described above. For further discussion of these transactions, see Note 10 (Commitments and Contingencies) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Significant Accounting Policies

See Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

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ACCENTURE FORM 10-Q	Item 3. Quantitative and Qualitative Disclosures About Market Risk	30

Item 3. Quantitative and Qualitative Disclosures About Market Risk

During the three months ended November 30, 2023, there were no material changes to the information on market risk exposure disclosed in our Annual Report on Form 10-K for the year ended August 31, 2023. For a discussion of our market risk associated with foreign currency risk, interest rate risk and equity price risk as of August 31, 2023, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A, of our Annual Report on Form 10-K for the year ended August 31, 2023.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our principal executive officer and our principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Based on that evaluation, the principal executive officer and the principal financial officer of Accenture plc have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control Over Financial Reporting

There has been no change in our internal control over financial reporting that occurred during the first quarter of fiscal 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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ACCENTURE FORM 10-Q	Part II — Other Information	31

Part II — Other Information

Item 1. Legal Proceedings

The information set forth under “Legal Contingencies” in Note 10 (Commitments and Contingencies) to our Consolidated Financial Statements under Part I, Item 1, “Financial Statements,” is incorporated herein by reference.

Item 1A. Risk Factors

For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2023 (the “Annual Report”). There have been no material changes to the risk factors disclosed in our Annual Report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Purchases of Accenture plc Class A Ordinary Shares

The following table provides information relating to our purchases of Accenture plc Class A ordinary shares during the first quarter of fiscal 2024.

Period	Total Number of Shares Purchased	Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
					(in millions of U.S. dollars)
September 1, 2023 — September 30, 2023	1,033,185	$	317.52	1,011,931	$	6,169
October 1, 2023 — October 31, 2023	1,584,084	302.32		1,359,115	5,759
November 1, 2023 — November 30, 2023	1,192,664	319.73		1,068,392	5,412
Total (4)	3,809,933	$	311.89	3,439,438

(1)Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.

(2)Since August 2001, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During the first quarter of fiscal 2024, we purchased 3,439,438 Accenture plc Class A ordinary shares under this program for an aggregate price of $1,075 million. The open-market purchase program does not have an expiration date.

(3)As of November 30, 2023, our aggregate available authorization for share purchases and redemptions was $5,412 million which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since August 2001 and as of November 30, 2023, the Board of Directors of Accenture plc has authorized an aggregate of $50.1 billion for share purchases and redemptions by Accenture plc and Accenture Canada Holdings Inc.

(4)During the first quarter of fiscal 2024, Accenture purchased 370,495 Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

Item 3. Defaults Upon Senior Securities

None.

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ACCENTURE FORM 10-Q	Part II — Other Information	32

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Trading Arrangements

The table below summarizes the terms of trading arrangements adopted or terminated by our executive officers or directors during the first quarter of fiscal 2024. All of the trading arrangements listed below are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Name	Title	Date of Adoption or Termination	Duration of Plan (1)	Aggregate number of Class A ordinary shares to be sold pursuant to the trading agreement
Melissa Burgum	Chief accounting officer	Adopted on October 27, 2023	January 25, 2024 - October 25, 2024	Up to 3,600	(2)
KC McClure	Chief financial officer	Adopted on October 30, 2023	January 28, 2024 - October 25, 2024	Up to 18,100	(2)
Jean-Marc Ollagnier	Chief executive officer—EMEA	Adopted on October 18, 2023	January 16, 2024 - October 25, 2024	Up to 25,000
Ellyn Shook	Chief leadership and human resources officer	Adopted on October 23, 2023	January 21, 2024 - October 25, 2024	Up to 20,000
John Walsh	Chief operating officer	Adopted on October 30, 2023	January 28, 2024 - October 25, 2024	Up to 13,000

(1)    Each plan will expire on the earlier of the expiration date or the completion of all transactions under the trading arrangement.

(2)    The actual number of shares sold will depend on the vesting of certain performance-based equity awards and the number of shares withheld by Accenture to satisfy its income tax withholding obligations, and may vary from the approximate number provided.

Item 6. Exhibits

Exhibit Index:

Exhibit Number	Exhibit
3.1	Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 7, 2018)
10.1	Form of Severance Agreement (filed herewith)
10.2	Relocation Benefits Agreement between Accenture LLP and Manish Sharma (filed herewith)
31.1	Certification of the Principal Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2	Certification of the Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32.1	Certification of the Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2	Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101	The following financial information from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended November 30, 2023, formatted in Inline XBRL: (i) Consolidated Balance Sheets as of November 30, 2023 (Unaudited) and August 31, 2023, (ii) Consolidated Income Statements (Unaudited) for the three months ended November 30, 2023 and November 30, 2022, (iii) Consolidated Statements of Comprehensive Income (Unaudited) for the three months ended November 30, 2023 and November 30, 2022, (iv) Consolidated Shareholders’ Equity Statement (Unaudited) for the three months ended November 30, 2023 and November 30, 2022, (v) Consolidated Cash Flows Statements (Unaudited) for the three months ended November 30, 2023 and November 30, 2022 and (vi) the Notes to Consolidated Financial Statements (Unaudited)
104	The cover page from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended November 30, 2023, formatted in Inline XBRL (included as Exhibit 101)

Table of Contents
ACCENTURE FORM 10-Q	Signatures	33

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: December 19, 2023

ACCENTURE PLC
By:	/s/ KC McClure
Name:	KC McClure
Title:	Chief Financial Officer
	(Principal Financial Officer and Authorized Signatory)

EX-10.1

Exhibit 10.1

Form of Severance Agreement

[Name]

[Address]

[Date]

Dear [NAME]

Your position on the Global Management Committee

I am writing to you to confirm some specifics in relation to your position on our Global Management Committee (GMC). This letter amends your employment agreement.

Standardized Retirement Benefits

If you have been employed with Accenture for more than 15 continuous years, at least 3 of which were as an SMD or on the GMC, upon voluntary retirement with Accenture’s agreement, you will be eligible in accordance with the terms of the equity agreements to receive additional vesting on certain outstanding performance equity awards and all VEIP matching awards. Share delivery will not be accelerated, and shares will be delivered on the original scheduled date(s).Note that Standardized Severance is not available on any voluntary retirements.

Standardized Severance

If you leave Accenture involuntarily without cause (or similar concept in accordance with your employment agreement), and not for serious misconduct, you will receive a termination payment of 8 months’ [gross] base salary as severance, and in addition you will receive any ancillary termination benefits provided locally in such circumstances, up to a maximum value of US$15,000 [gross]. The 8 months’ [gross] base pay will include any entitlement to notice or pay in lieu of notice. 

In return for the enhanced compensation opportunities enjoyed by you as a GMC member, you waive the right to any other payments or benefits to which you otherwise might be entitled under any other severance plan or program, employment contract or any other agreement, or under applicable law.

Rotating off the GMC

As you are aware the composition of the GMC changes from time to time depending on the needs and the organisation of the business as it evolves, and the need for the GMC to reflect different skills, markets, industries, and experiences.

If the decision is taken at any point to rotate you off the GMC, your career level will, dependent on the role that you move in to, be at an SMD management level and your compensation will change. In particular:

•your base salary will be reduced to an amount determined by Accenture consistent with your SMD management level; and

•there will be a reduction in your overall variable compensation opportunity (for both cash bonus and equity).

It is possible that following your service on the GMC, an appropriate role cannot be found for you, and in that situation, your employment with the Company will come to an end, in which case, you will be eligible for the severance as set out above.

Exhibit 10.1

Other

Any agreement between you and Accenture in relation to equity programs are not part of the terms and conditions of your employment and are unaffected by this letter. [Additionally, this does not impact the at-will nature of your employment.]

Please sign and return this letter by [date]

Employee Agreement

I, [NAME], have read, understood and agree to the terms set out in this letter, which I agree acts as an amendment to my employment contract.

[Signature]

EX-10.2

Exhibit 10.2

December 1, 2023

Sent by email

Manish Sharma

Dear Manish,

Relocation Benefits

As previously discussed with you, Accenture LLP (the “Company”) will provide you with certain reimbursements, as outlined below, to help offset expenses incurred by you in connection with your relocation to the greater Chicago, Illinois area, which is expected to occur on or before December 1, 2023.

In particular, the Company will reimburse you for the monthly rental costs of your home in the greater Chicago area in accordance with our policies and limits for such rentals. These costs will be paid to you through our preferred relocation management company and should not be submitted for reimbursement through the Company’s standard reimbursement system. Reimbursement of your housing costs is based on current anticipated rental costs. Provision of this benefit is subject to further review should you relocate your residence or experience significant rental cost increases.

If you should have any questions about your relocation benefits, please contact Samantha Clark or your Mobility Lead.

Very truly yours,

/s/ Ellyn Shook

Ellyn Shook

Chief Leadership & Human Resources Officer

Acknowledged and Agreed:

/s/ Manish Sharma	12-8-2023
Manish Sharma	Date

EX-31.1

Exhibit 31.1

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, Julie Sweet, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended November 30, 2023, as filed with the Securities and Exchange Commission on the date hereof;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 19, 2023

/s/ Julie Sweet

Julie Sweet

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-31.2

Exhibit 31.2

PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, KC McClure, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended November 30, 2023, as filed with the Securities and Exchange Commission on the date hereof;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 19, 2023

/s/ KC McClure

KC McClure

Chief Financial Officer of Accenture plc

(principal financial officer)

EX-32.1

Exhibit 32.1

Certification of the Principal Executive Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended November 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Julie Sweet, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 19, 2023

/s/ Julie Sweet

Julie Sweet

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-32.2

Exhibit 32.2

Certification of the Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended November 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, KC McClure, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 19, 2023

/s/ KC McClure

KC McClure

Chief Financial Officer of Accenture plc

(principal financial officer)

XML

Cover Page - shares	3 Months Ended
	Nov. 30, 2023	Dec. 04, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2023
Document Transition Report	false
Entity File Number	001-34448
Entity Registrant Name	Accenture plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0627530
Entity Address, Address Line One	1 Grand Canal Square
Entity Address, Address Line Two	Grand Canal Harbour
Entity Address, City or Town	Dublin
Entity Address, Postal Zip Code	2
Entity Address, Country	IE
Country Region	353
City Area Code	1
Local Phone Number	646-2000
Title of 12(b) Security	Class A ordinary shares, par value $0.0000225 per share
Trading Symbol	ACN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001467373
Current Fiscal Year End Date	--08-31
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		666,511,551
Class X Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		318,441

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 7,140,841	$ 9,045,032
Short-term investments	4,597	4,575
Receivables and contract assets	13,241,359	12,227,186
Other current assets	2,668,779	2,105,138
Total current assets	23,055,576	23,381,931
NON-CURRENT ASSETS:
Contract assets	121,563	106,994
Investments	198,074	197,443
Property and equipment, net	1,467,896	1,530,007
Lease assets	2,576,198	2,637,479
Goodwill	16,236,442	15,573,003
Deferred contract costs	827,608	851,972
Deferred tax assets	4,165,605	4,154,878
Other non-current assets	2,882,392	2,811,598
Total non-current assets	28,475,778	27,863,374
TOTAL ASSETS	51,531,354	51,245,305
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	104,819	104,810
Accounts payable	2,574,700	2,491,173
Deferred revenues	4,459,593	4,907,152
Accrued payroll and related benefits	7,260,479	7,506,030
Income taxes payable	755,929	720,778
Lease liabilities	683,628	690,417
Other accrued liabilities	1,441,090	1,588,678
Total current liabilities	17,280,238	18,009,038
NON-CURRENT LIABILITIES:
Long-term debt	42,309	43,093
Deferred revenues	634,981	653,954
Retirement obligation	1,586,945	1,595,638
Deferred tax liabilities	415,386	395,280
Income taxes payable	1,374,062	1,313,971
Lease liabilities	2,249,466	2,310,714
Other non-current liabilities	462,530	465,024
Total non-current liabilities	6,765,679	6,777,674
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Restricted share units	2,553,022	2,403,374
Additional paid-in capital	13,353,477	12,778,782
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2023 and August 31, 2023; Class A ordinary, 39,519,697 and 36,351,137 shares as of November 30, 2023 and August 31, 2023, respectively	(8,032,018)	(7,062,512)
Retained earnings	20,429,413	19,316,224
Accumulated other comprehensive loss	(1,627,215)	(1,743,101)
Total Accenture plc shareholders’ equity	26,676,751	25,692,839
Noncontrolling interests	808,686	765,754
Total shareholders’ equity	27,485,437	26,458,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	51,531,354	51,245,305
Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	57	57
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	15	15
Class X Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	$ 0	$ 0

XML

Consolidated Balance Sheets (Parenthetical)	Nov. 30, 2023 € / shares shares	Nov. 30, 2023 $ / shares shares	Aug. 31, 2023 € / shares shares	Aug. 31, 2023 $ / shares shares
Ordinary Shares
Ordinary shares, par value (USD per share) | € / shares	€ 1.00		€ 1.00
Ordinary shares, shares authorized (in shares)	40,000	40,000	40,000	40,000
Ordinary shares, shares issued (in shares)	40,000	40,000	40,000	40,000
Treasury shares, ordinary shares (in shares)	40,000	40,000	40,000	40,000
Class A Ordinary Shares
Ordinary shares, par value (USD per share) | $ / shares		$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized (in shares)	20,000,000,000	20,000,000,000	20,000,000,000	20,000,000,000
Ordinary shares, shares issued (in shares)	666,511,551	666,511,551	664,616,285	664,616,285
Treasury shares, ordinary shares (in shares)	39,519,697	39,519,697	36,351,137	36,351,137
Class X Ordinary Shares
Ordinary shares, par value (USD per share) | $ / shares		$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000	1,000,000,000
Ordinary shares, shares issued (in shares)	318,441	318,441	325,438	325,438
Ordinary shares, shares outstanding (in shares)	318,441	318,441	325,438	325,438

XML

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
REVENUES:
Revenues	$ 16,224,303	$ 15,747,802
OPERATING EXPENSES:
Cost of services	10,776,362	10,561,660
Sales and marketing	1,709,891	1,550,019
General and administrative costs	1,033,499	1,043,023
Business optimization costs	139,664	0
Total operating expenses	13,659,416	13,154,702
OPERATING INCOME	2,564,887	2,593,100
Interest income	101,980	44,705
Interest expense	(14,495)	(7,280)
Other income (expense), net	(35,719)	(28,907)
INCOME BEFORE INCOME TAXES	2,616,653	2,601,618
Income tax expense	606,672	605,318
NET INCOME	2,009,981	1,996,300
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.	(2,016)	(2,085)
Net income attributable to noncontrolling interests – other	(34,521)	(29,265)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$ 1,973,444	$ 1,964,950
Weighted average Class A ordinary shares:
Basic (in shares)	627,996,111	630,137,262
Diluted (in shares)	637,398,361	638,766,821
Earnings per Class A ordinary share:
Basic (in USD per share)	$ 3.14	$ 3.12
Diluted (in USD per share)	3.10	3.08
Cash dividends per share (in USD per share)	$ 1.29	$ 1.12

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 2,009,981	$ 1,996,300
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	68,192	84,168
Defined benefit plans	36,392	91,680
Cash flow hedges	11,302	(41,178)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	115,886	134,670
Other comprehensive income (loss) attributable to noncontrolling interests	1,885	2,869
COMPREHENSIVE INCOME	2,127,752	2,133,839
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	2,089,330	2,099,620
Comprehensive income attributable to noncontrolling interests	38,422	34,219
Other comprehensive income (loss)	$ 117,771	$ 137,539

XML

Consolidated Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Class X Ordinary Shares	Common Stock Ordinary Shares	Common Stock Class A Ordinary Shares	Common Stock Class X Ordinary Shares	Common Stock Restricted Share Units	Additional Paid-in Capital	Treasury Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total Accenture plc Shareholders’ Equity	Noncontrolling Interests
Beginning Balance at Aug. 31, 2022	$ 22,747,088		$ 57	$ 15	$ 0	$ 2,091,382	$ 10,679,180	$ (6,678,037)	$ 18,203,842	$ (2,190,342)	$ 22,106,097	$ 640,991
Beginning Balance (in shares) at Aug. 31, 2022			40,000	664,561,000	501,000			33,434,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,996,300								1,964,950		1,964,950	31,350
Other comprehensive income (loss)	137,539									134,670	134,670	2,869
Purchases of Class A shares	(1,417,148)						1,304	$ (1,417,148)			(1,415,844)	(1,304)
Purchases of Class A shares (in shares)								(5,210,000)
Cancellation of treasury shares (in shares)				(8,828,000)				(8,828,000)
Cancellation of treasury shares							(175,701)	$ 2,595,281	(2,419,580)
Share-based compensation expense	425,469					369,494	55,975				425,469
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(2,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(1,554)						(1,554)				(1,554)
Issuances of Class A shares for employee share programs (in shares)				2,522,000				966,000
Issuances of Class A shares for employee share programs	465,707					(319,202)	491,630	$ 329,937	(37,079)		465,286	421
Dividends	(705,567)					25,763			(730,701)		(704,938)	(629)
Other, net	18,116						475				475	17,641
Ending Balance at Nov. 30, 2022	23,665,950		$ 57	$ 15	$ 0	2,167,437	11,051,309	$ (5,169,967)	16,981,432	(2,055,672)	22,974,611	691,339
Ending Balance (in shares) at Nov. 30, 2022			40,000	658,255,000	499,000			28,850,000
Beginning Balance at Aug. 31, 2023	26,458,593		$ 57	$ 15	$ 0	2,403,374	12,778,782	$ (7,062,512)	19,316,224	(1,743,101)	25,692,839	765,754
Beginning Balance (in shares) at Aug. 31, 2023		325,438	40,000	664,616,000	325,000			36,391,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,009,981								1,973,444		1,973,444	36,537
Other comprehensive income (loss)	117,771									115,886	115,886	1,885
Purchases of Class A shares	(1,188,289)						1,050	$ (1,188,289)			(1,187,239)	(1,050)
Purchases of Class A shares (in shares)								(3,810,000)
Share-based compensation expense	423,000					365,711	57,289				423,000
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(7,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(2,839)						(2,839)				(2,839)
Issuances of Class A shares for employee share programs (in shares)				1,896,000				641,000
Issuances of Class A shares for employee share programs	477,434					(245,342)	525,335	$ 218,783	(21,751)		477,025	409
Dividends	(810,056)					29,279			(838,504)		(809,225)	(831)
Other, net	(158)						(6,140)				(6,140)	5,982
Ending Balance at Nov. 30, 2023	$ 27,485,437		$ 57	$ 15	$ 0	$ 2,553,022	$ 13,353,477	$ (8,032,018)	$ 20,429,413	$ (1,627,215)	$ 26,676,751	$ 808,686
Ending Balance (in shares) at Nov. 30, 2023		318,441	40,000	666,512,000	318,000			39,560,000

XML

Consolidated Cash Flows Statements - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,009,981	$ 1,996,300
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other	521,400	506,229
Share-based compensation expense	423,000	425,469
Deferred tax expense (benefit)	(24,371)	(54,537)
Other, net	6,795	(45,940)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current	(836,231)	(609,433)
Other current and non-current assets	(658,647)	(307,960)
Accounts payable	48,728	(202,182)
Deferred revenues, current and non-current	(510,391)	(270,988)
Accrued payroll and related benefits	(273,763)	(771,743)
Income taxes payable, current and non-current	85,142	115,187
Other current and non-current liabilities	(293,092)	(285,004)
Net cash provided by (used in) operating activities	498,551	495,398
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(68,933)	(98,830)
Purchases of businesses and investments, net of cash acquired	(788,025)	(686,460)
Proceeds from Divestiture of Businesses and Interests in Affiliates	0	596
Other investing, net	1,528	2,620
Net cash provided by (used in) investing activities	(855,430)	(782,074)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	477,434	465,707
Purchases of shares	(1,191,128)	(1,418,702)
Proceeds from (repayments of) debt, net	(8,481)	(1,611)
Cash dividends paid	(810,056)	(705,567)
Other financing, net	(19,682)	(16,687)
Net cash provided by (used in) financing activities	(1,551,913)	(1,676,860)
Effect of exchange rate changes on cash and cash equivalents	4,601	(26,594)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,904,191)	(1,990,130)
CASH AND CASH EQUIVALENTS, beginning of period	9,045,032	7,889,833
CASH AND CASH EQUIVALENTS, end of period	7,140,841	5,899,703
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	$ 563,359	$ 563,526

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Basis of Presentation

3 Months Ended

Nov. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of November 30, 2023 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $24,210 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	November 30, 2023		August 31, 2023
Equity method investments	$	23,778	$	23,985
Investments without readily determinable fair values	174,296		173,458
Total non-current investments	$	198,074	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Depreciation and Amortization

As of November 30, 2023 and August 31, 2023, total accumulated depreciation was $2,660,216 and $2,574,685, respectively. See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three months ended November 30, 2023 and 2022, respectively.

	Three Months Ended
	November 30, 2023		November 30, 2022
Depreciation	$	133,245	$	144,049
Amortization - Deferred transition	98,491		70,440
Amortization - Intangible assets	111,631		109,069
Operating lease cost	175,014		180,502
Other	3,019		2,169
Total depreciation, amortization and other	$	521,400	$	506,229

Business Optimization

During the second quarter of fiscal 2023, we initiated actions to streamline our operations, transform our non-billable corporate functions and consolidate our office space to reduce costs. We recorded $1.1 billion in fiscal 2023 related to these actions and expect to record approximately $450 million in fiscal 2024 for a total of $1.5 billion, primarily related to employee severance. The actual amount and timing of severance and other personnel costs are dependent in part upon local country consultation processes and regulations and may differ from our current expectations and estimates.

Total business optimization costs by reportable operating segment for the three months ended November 30, 2023 were as follows:

	Three Months Ended
	November 30, 2023
North America	$	45,929
EMEA (1)	70,804
Growth Markets (1)	22,931
Total business optimization costs	$	139,664

(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.

New Accounting Pronouncement

On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

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Revenues

3 Months Ended

Nov. 30, 2023

Revenues [Abstract]

Revenues

Revenues

Disaggregation of Revenue

See Note 11 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues.

Remaining Performance Obligations

We had remaining performance obligations of approximately $26 billion as of November 30, 2023 and August 31, 2023, respectively. Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. We expect to recognize approximately 60% of our remaining performance obligations as of November 30, 2023 as revenue in fiscal 2024, an additional 20% in fiscal 2025, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three months ended November 30, 2023 and 2022, respectively.

Contract Balances

Deferred transition revenues were $634,981 and $653,954 as of November 30, 2023 and August 31, 2023, respectively, and are included in Non-current deferred revenues. Costs related to these activities are also deferred and are expensed as the services are provided. Deferred transition costs were $827,608 and $851,972 as of November 30, 2023 and August 31, 2023, respectively, and are included in Deferred contract costs. Generally, deferred amounts are protected in the event of early termination of the contract and are monitored regularly for impairment. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets.

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of November 30, 2023		As of August 31, 2023
Receivables	$	11,467,109	$	10,690,713
Contract assets (current)	1,774,250		1,536,473
Receivables and contract assets, net of allowance (current)	13,241,359		12,227,186
Contract assets (non-current)	121,563		106,994
Deferred revenues (current)	4,459,593		4,907,152
Deferred revenues (non-current)	634,981		653,954

Changes in the contract asset and liability balances during the three months ended November 30, 2023 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three months ended November 30, 2023 that were included in Deferred revenues as of August 31, 2023 were $2.8 billion. Revenues recognized during the three months ended November 30, 2022 that were included in Deferred revenues as of August 31, 2022 were $2.5 billion.

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Earnings Per Share

3 Months Ended

Nov. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended
	November 30, 2023		November 30, 2022
Basic earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Basic earnings per share	$	3.14	$	3.12
Diluted earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	2,016		2,085
Net income for diluted earnings per share calculation	$	1,975,460	$	1,967,035
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	641,659		668,715
Diluted effect of employee compensation related to Class A ordinary shares	8,492,332		7,847,787
Diluted effect of share purchase plans related to Class A ordinary shares	268,259		113,057
Diluted weighted average Class A ordinary shares	637,398,361		638,766,821
Diluted earnings per share	$	3.10	$	3.08

(1)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.

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Accumulated Other Comprehensive Loss

3 Months Ended

Nov. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2023		November 30, 2022
Foreign currency translation
Beginning balance	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	67,789		86,984
Income tax benefit (expense)	2,240		—
Portion attributable to noncontrolling interests	(1,837)		(2,816)
Foreign currency translation, net of tax	68,192		84,168
Ending balance	(1,442,440)		(1,768,152)
Defined benefit plans
Beginning balance	(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	44,294		126,171
Income tax benefit (expense)	(7,865)		(34,394)
Portion attributable to noncontrolling interests	(37)		(97)
Defined benefit plans, net of tax	36,392		91,680
Ending balance	(190,111)		(257,091)
Cash flow hedges
Beginning balance	(5,966)		10,749
Unrealized gain (loss)	23,614		(59,879)
Reclassification adjustments into Cost of services	(10,600)		2,606
Income tax benefit (expense)	(1,701)		16,051
Portion attributable to noncontrolling interests	(11)		44
Cash flow hedges, net of tax	11,302		(41,178)
Ending balance (1)	5,336		(30,429)
Accumulated other comprehensive loss	$	(1,627,215)	$	(2,055,672)

(1)As of November 30, 2023, $13,741 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

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Business Combinations

3 Months Ended

Nov. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Business Combinations

Business Combinations

During the three months ended November 30, 2023, we completed individually immaterial acquisitions for total consideration of $781,525, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

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Goodwill and Intangible Assets

3 Months Ended

Nov. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		November 30, 2023
North America	$	8,876,050	$	445,211	$	1,699	$	9,322,960
EMEA (1)	5,152,149		152,424		22,123		5,326,696
Growth Markets (1)	1,544,804		31,702		10,280		1,586,786
Total	$	15,573,003	$	629,337	$	34,102	$	16,236,442

(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.

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						November 30, 2023
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	2,979,421	$	(1,062,036)	$	1,917,385
Technology	289,989		(141,022)		148,967		283,008		(147,420)		135,588
Patents	123,579		(70,472)		53,107		123,058		(70,256)		52,802
Other	65,138		(36,908)		28,230		75,524		(36,995)		38,529
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	3,461,011	$	(1,316,707)	$	2,144,304

Total amortization related to our intangible assets was $111,631 and $109,069 for the three months ended November 30, 2023 and 2022, respectively. Estimated future amortization related to intangible assets held as of November 30, 2023 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	340,888
2025	422,296
2026	372,627
2027	302,269
2028	270,412
Thereafter	435,812
Total	$	2,144,304

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Shareholders' Equity

3 Months Ended

Nov. 30, 2023

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Dividends

Our dividend activity during the three months ended November 30, 2023 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056

The payment of cash dividends includes the net effect of $29,279 of additional restricted stock units being issued as a part of our share plans, which resulted in 89,674 restricted share units being issued.

Subsequent Event

On December 18, 2023, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.29 per share on our Class A ordinary shares for shareholders of record at the close of business on January 18, 2024 payable on February 15, 2024.

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Financial Instruments

3 Months Ended

Nov. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Financial Instruments

Derivatives

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2023 and 2022, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $20,280 and $29,691 for the three months ended November 30, 2023 and 2022, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	November 30, 2023		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	51,060	$	52,995
Other non-current assets	40,640		44,739
Other Derivatives
Other current assets	57,358		6,686
Total assets	$	149,058	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	37,319	$	50,020
Other non-current liabilities	18,952		26,076
Other Derivatives
Other accrued liabilities	12,252		38,645
Total liabilities	$	68,523	$	114,741
Total fair value	$	80,535	$	(10,321)
Total notional value	$	12,439,169	$	13,390,031

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	November 30, 2023		August 31, 2023
Net derivative assets	$	101,420	$	50,528
Net derivative liabilities	20,885		60,849
Total fair value	$	80,535	$	(10,321)

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Income Taxes

3 Months Ended

Nov. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended November 30, 2023 and 2022 were 23.2% and 23.3%, respectively.

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Commitments and Contingencies

3 Months Ended

Nov. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2023 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $1,929,000 and $1,793,000, respectively, of which all but approximately $52,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of November 30, 2023 and August 31, 2023, we have issued or provided guarantees in the form of letters of credit and surety bonds of $1,348,671 and $1,294,653, respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance. These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of November 30, 2023, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. We have filed a petition to appeal. We continue to believe the lawsuit is without merit and we will vigorously defend it. At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to

an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences as described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended August 31, 2023 – “Our work with government clients exposes us to additional risks inherent in the government contracting environment”. We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs that are reasonably likely to be incurred in connection with this matter.

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Segment Reporting

3 Months Ended

Nov. 30, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

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 below have been reclassified to conform with the current period presentation.

Our reportable segments are our three geographic markets, which are North America, EMEA and Growth Markets.

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	7,562,902	$	7,622,820
EMEA	5,803,642		5,312,899
Growth Markets	2,857,759		2,812,083
Total Revenues	$	16,224,303	$	15,747,802
Industry Groups
Communications, Media & Technology	$	2,669,448	$	2,980,203
Financial Services	3,033,578		2,963,396
Health & Public Service	3,377,466		3,000,019
Products	4,859,987		4,665,788
Resources	2,283,824		2,138,396
Total Revenues	$	16,224,303	$	15,747,802
Type of Work
Consulting	$	8,456,506	$	8,444,367
Managed Services	7,767,797		7,303,435
Total Revenues	$	16,224,303	$	15,747,802

	Operating Income
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	1,256,708	$	1,309,883
EMEA	823,601		726,883
Growth Markets	484,578		556,334
Total Operating Income	$	2,564,887	$	2,593,100

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Pay vs Performance Disclosure
Net income attributable to Accenture plc	$ 1,973,444	$ 1,964,950

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Insider Trading Arrangements

3 Months Ended

Nov. 30, 2023

shares

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

The table below summarizes the terms of trading arrangements adopted or terminated by our executive officers or directors during the first quarter of fiscal 2024. All of the trading arrangements listed below are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Name	Title	Date of Adoption or Termination	Duration of Plan (1)	Aggregate number of Class A ordinary shares to be sold pursuant to the trading agreement
Melissa Burgum	Chief accounting officer	Adopted on October 27, 2023	January 25, 2024 - October 25, 2024	Up to 3,600	(2)
KC McClure	Chief financial officer	Adopted on October 30, 2023	January 28, 2024 - October 25, 2024	Up to 18,100	(2)
Jean-Marc Ollagnier	Chief executive officer—EMEA	Adopted on October 18, 2023	January 16, 2024 - October 25, 2024	Up to 25,000
Ellyn Shook	Chief leadership and human resources officer	Adopted on October 23, 2023	January 21, 2024 - October 25, 2024	Up to 20,000
John Walsh	Chief operating officer	Adopted on October 30, 2023	January 28, 2024 - October 25, 2024	Up to 13,000

(1)    Each plan will expire on the earlier of the expiration date or the completion of all transactions under the trading arrangement.

(2)    The actual number of shares sold will depend on the vesting of certain performance-based equity awards and the number of shares withheld by Accenture to satisfy its income tax withholding obligations, and may vary from the approximate number provided.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Melissa Burgum [Member]

Trading Arrangements, by Individual

Name

Melissa Burgum

Title

Chief accounting officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

October 27, 2023

Arrangement Duration

274 days

Aggregate Available

3,600

KC McClure [Member]

Trading Arrangements, by Individual

Name

KC McClure

Title

Chief financial officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

October 30, 2023

Arrangement Duration

271 days

Aggregate Available

18,100

Jean-Marc Ollagnier [Member]

Trading Arrangements, by Individual

Name

Jean-Marc Ollagnier

Title

Chief executive officer—EMEA

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

October 18, 2023

Arrangement Duration

283 days

Aggregate Available

25,000

Ellyn Shook [Member]

Trading Arrangements, by Individual

Name

Ellyn Shook

Title

Chief leadership and human resources officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

October 23, 2023

Arrangement Duration

278 days

Aggregate Available

20,000

John Walsh [Member]

Trading Arrangements, by Individual

Name

John Walsh

Title

Chief operating officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

October 30, 2023

Arrangement Duration

271 days

Aggregate Available

13,000

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Basis of Presentation (Policies)

3 Months Ended

Nov. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses - Client Receivables and Contract Assets

Allowance for Credit Losses—Client Receivables and Contract Assets

As of November 30, 2023 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $24,210 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	November 30, 2023		August 31, 2023
Equity method investments	$	23,778	$	23,985
Investments without readily determinable fair values	174,296		173,458
Total non-current investments	$	198,074	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

New Accounting Pronouncement

New Accounting Pronouncement

On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Commitments and Contingencies

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2023 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $1,929,000 and $1,793,000, respectively, of which all but approximately $52,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

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Basis of Presentation (Tables)

3 Months Ended

Nov. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Non-current Investments

Our non-current investments are as follows:

	November 30, 2023		August 31, 2023
Equity method investments	$	23,778	$	23,985
Investments without readily determinable fair values	174,296		173,458
Total non-current investments	$	198,074	$	197,443

Schedule of Depreciation, Amortization and Other

See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three months ended November 30, 2023 and 2022, respectively.

	Three Months Ended
	November 30, 2023		November 30, 2022
Depreciation	$	133,245	$	144,049
Amortization - Deferred transition	98,491		70,440
Amortization - Intangible assets	111,631		109,069
Operating lease cost	175,014		180,502
Other	3,019		2,169
Total depreciation, amortization and other	$	521,400	$	506,229

Schedule of Business Optimization Costs

Total business optimization costs by reportable operating segment for the three months ended November 30, 2023 were as follows:

	Three Months Ended
	November 30, 2023
North America	$	45,929
EMEA (1)	70,804
Growth Markets (1)	22,931
Total business optimization costs	$	139,664

(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.

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Revenues (Tables)

3 Months Ended

Nov. 30, 2023

Revenues [Abstract]

Schedule of Receivables, Contract Assets and Contract Liabilities (Deferred Revenues)

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of November 30, 2023		As of August 31, 2023
Receivables	$	11,467,109	$	10,690,713
Contract assets (current)	1,774,250		1,536,473
Receivables and contract assets, net of allowance (current)	13,241,359		12,227,186
Contract assets (non-current)	121,563		106,994
Deferred revenues (current)	4,459,593		4,907,152
Deferred revenues (non-current)	634,981		653,954

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Earnings Per Share (Tables)

3 Months Ended

Nov. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended
	November 30, 2023		November 30, 2022
Basic earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Basic earnings per share	$	3.14	$	3.12
Diluted earnings per share
Net income attributable to Accenture plc	$	1,973,444	$	1,964,950
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	2,016		2,085
Net income for diluted earnings per share calculation	$	1,975,460	$	1,967,035
Basic weighted average Class A ordinary shares	627,996,111		630,137,262
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	641,659		668,715
Diluted effect of employee compensation related to Class A ordinary shares	8,492,332		7,847,787
Diluted effect of share purchase plans related to Class A ordinary shares	268,259		113,057
Diluted weighted average Class A ordinary shares	637,398,361		638,766,821
Diluted earnings per share	$	3.10	$	3.08

(1)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.

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Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Nov. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2023		November 30, 2022
Foreign currency translation
Beginning balance	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	67,789		86,984
Income tax benefit (expense)	2,240		—
Portion attributable to noncontrolling interests	(1,837)		(2,816)
Foreign currency translation, net of tax	68,192		84,168
Ending balance	(1,442,440)		(1,768,152)
Defined benefit plans
Beginning balance	(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	44,294		126,171
Income tax benefit (expense)	(7,865)		(34,394)
Portion attributable to noncontrolling interests	(37)		(97)
Defined benefit plans, net of tax	36,392		91,680
Ending balance	(190,111)		(257,091)
Cash flow hedges
Beginning balance	(5,966)		10,749
Unrealized gain (loss)	23,614		(59,879)
Reclassification adjustments into Cost of services	(10,600)		2,606
Income tax benefit (expense)	(1,701)		16,051
Portion attributable to noncontrolling interests	(11)		44
Cash flow hedges, net of tax	11,302		(41,178)
Ending balance (1)	5,336		(30,429)
Accumulated other comprehensive loss	$	(1,627,215)	$	(2,055,672)

(1)As of November 30, 2023, $13,741 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

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Goodwill and Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		November 30, 2023
North America	$	8,876,050	$	445,211	$	1,699	$	9,322,960
EMEA (1)	5,152,149		152,424		22,123		5,326,696
Growth Markets (1)	1,544,804		31,702		10,280		1,586,786
Total	$	15,573,003	$	629,337	$	34,102	$	16,236,442

(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.

Schedule of Definite-Lived Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						November 30, 2023
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	2,979,421	$	(1,062,036)	$	1,917,385
Technology	289,989		(141,022)		148,967		283,008		(147,420)		135,588
Patents	123,579		(70,472)		53,107		123,058		(70,256)		52,802
Other	65,138		(36,908)		28,230		75,524		(36,995)		38,529
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	3,461,011	$	(1,316,707)	$	2,144,304

Schedule of Future Amortization Expense Related to Intangible Assets

Estimated future amortization related to intangible assets held as of November 30, 2023 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	340,888
2025	422,296
2026	372,627
2027	302,269
2028	270,412
Thereafter	435,812
Total	$	2,144,304

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Shareholders' Equity (Tables)

3 Months Ended

Nov. 30, 2023

Equity [Abstract]

Schedule of Dividend Activity

Our dividend activity during the three months ended November 30, 2023 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056

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Financial Instruments (Tables)

3 Months Ended

Nov. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional and Fair Values of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	November 30, 2023		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	51,060	$	52,995
Other non-current assets	40,640		44,739
Other Derivatives
Other current assets	57,358		6,686
Total assets	$	149,058	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	37,319	$	50,020
Other non-current liabilities	18,952		26,076
Other Derivatives
Other accrued liabilities	12,252		38,645
Total liabilities	$	68,523	$	114,741
Total fair value	$	80,535	$	(10,321)
Total notional value	$	12,439,169	$	13,390,031

Schedule of Netting Derivative Assets against Liabilities under Counterparty Master Agreements

The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	November 30, 2023		August 31, 2023
Net derivative assets	$	101,420	$	50,528
Net derivative liabilities	20,885		60,849
Total fair value	$	80,535	$	(10,321)

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Segment Reporting (Tables)

3 Months Ended

Nov. 30, 2023

Segment Reporting [Abstract]

Schedule of Reportable Segments

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	7,562,902	$	7,622,820
EMEA	5,803,642		5,312,899
Growth Markets	2,857,759		2,812,083
Total Revenues	$	16,224,303	$	15,747,802
Industry Groups
Communications, Media & Technology	$	2,669,448	$	2,980,203
Financial Services	3,033,578		2,963,396
Health & Public Service	3,377,466		3,000,019
Products	4,859,987		4,665,788
Resources	2,283,824		2,138,396
Total Revenues	$	16,224,303	$	15,747,802
Type of Work
Consulting	$	8,456,506	$	8,444,367
Managed Services	7,767,797		7,303,435
Total Revenues	$	16,224,303	$	15,747,802

	Operating Income
	Three Months Ended
	November 30, 2023		November 30, 2022
Geographic Markets
North America	$	1,256,708	$	1,309,883
EMEA	823,601		726,883
Growth Markets	484,578		556,334
Total Operating Income	$	2,564,887	$	2,593,100

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Basis of Presentation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2024	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for credit losses for client receivables and contract assets	$ 24,210			$ 26,343
Accumulated depreciation	2,660,216			2,574,685
Basis of Presentation [Line Items]
Business optimization costs	139,664	$ 0		$ 1,100,000
Expected total business optimization costs	$ 1,500,000
Forecast
Basis of Presentation [Line Items]
Business optimization costs			$ 450,000

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Basis of Presentation - Investments (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Equity method investments	$ 23,778	$ 23,985
Investments without readily determinable fair values	174,296	173,458
Total non-current investments	$ 198,074	$ 197,443

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Basis of Presentation - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation	$ 133,245	$ 144,049
Amortization - Deferred transition	98,491	70,440
Amortization - Intangible assets	111,631	109,069
Operating lease cost	175,014	180,502
Other	3,019	2,169
Total depreciation, amortization and other	$ 521,400	$ 506,229

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Basis of Presentation - Business Optimization (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Basis of Presentation [Line Items]
Total business optimization costs	$ 139,664	$ 0	$ 1,100,000
North America
Basis of Presentation [Line Items]
Total business optimization costs	45,929
Growth Markets
Basis of Presentation [Line Items]
Total business optimization costs	22,931
EMEA
Basis of Presentation [Line Items]
Total business optimization costs	$ 70,804

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Revenues - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 26,000,000		$ 26,000,000
Deferred transition revenues	634,981		653,954
Deferred transition costs	827,608		$ 851,972
Revenues recognized that were included in deferred revenues	$ 2,800,000	$ 2,500,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-12-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligation expected to be recognized	60.00%
Timing of satisfaction of remaining performance obligation	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-09-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligation expected to be recognized	20.00%
Timing of satisfaction of remaining performance obligation	1 year

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Revenues - Schedule of Revenue (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Revenues [Abstract]
Receivables	$ 11,467,109	$ 10,690,713
Contract assets (current)	1,774,250	1,536,473
Receivables and contract assets, net of allowance (current)	13,241,359	12,227,186
Contract assets (non-current)	121,563	106,994
Deferred revenues (current)	4,459,593	4,907,152
Deferred revenues (non-current)	$ 634,981	$ 653,954

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Basic earnings per share
Net income attributable to Accenture plc	$ 1,973,444	$ 1,964,950
Basic weighted average Class A ordinary shares (in shares)	627,996,111	630,137,262
Basic earnings per share (in USD per share)	$ 3.14	$ 3.12
Diluted earnings per share
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$ 1,973,444	$ 1,964,950
Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc.	2,016	2,085
Net income for diluted earnings per share calculation	$ 1,975,460	$ 1,967,035
Basic weighted average Class A ordinary shares (in shares)	627,996,111	630,137,262
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (in shares)	641,659	668,715
Diluted effect of employee compensation related to Class A ordinary shares (in shares)	8,492,332	7,847,787
Diluted effect of share purchase plans related to Class A ordinary shares (in shares)	268,259	113,057
Diluted weighted average Class A ordinary shares (in shares)	637,398,361	638,766,821
Diluted earnings per share (in USD per share)	$ 3.10	$ 3.08

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Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Foreign currency translation
Beginning balance	$ (1,510,632)	$ (1,852,320)
Foreign currency translation	67,789	86,984
Income tax benefit (expense)	2,240	0
Portion attributable to noncontrolling interests	(1,837)	(2,816)
Foreign currency translation, net of tax	68,192	84,168
Ending balance	(1,442,440)	(1,768,152)
Defined benefit plans
Beginning balance	(226,503)	(348,771)
Reclassifications into net periodic pension and post-retirement expense	44,294	126,171
Income tax benefit (expense)	(7,865)	(34,394)
Portion attributable to noncontrolling interests	(37)	(97)
Defined benefit plans, net of tax	36,392	91,680
Ending balance	(190,111)	(257,091)
Cash flow hedges
Beginning balance	(5,966)	10,749
Unrealized gain (loss)	23,614	(59,879)
Reclassification adjustments into Cost of services	(10,600)	2,606
Income tax benefit (expense)	(1,701)	16,051
Portion attributable to noncontrolling interests	(11)	44
Cash flow hedges, net of tax	11,302	(41,178)
Ending Balance	5,336	(30,429)
Accumulated other comprehensive loss	(1,627,215)	$ (2,055,672)	$ (1,743,101)
Net unrealized gains expected to be reclassified in the next twelve months	$ 13,741

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Business Combinations (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2023 USD ($)
Individually Immaterial Acquisitions
Business Acquisitions [Line Items]
Total considerations, net of cash acquired	$ 781,525

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Goodwill and Intangible Assets - Goodwill Rollforward (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2023 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 15,573,003
Additions/ Adjustments	629,337
Foreign Currency Translation	34,102
Goodwill, ending balance	16,236,442
North America
Goodwill [Line Items]
Goodwill, beginning balance	8,876,050
Additions/ Adjustments	445,211
Foreign Currency Translation	1,699
Goodwill, ending balance	9,322,960
Growth Markets
Goodwill [Line Items]
Goodwill, beginning balance	1,544,804
Additions/ Adjustments	31,702
Foreign Currency Translation	10,280
Goodwill, ending balance	1,586,786
EMEA
Goodwill [Line Items]
Goodwill, beginning balance	5,152,149
Additions/ Adjustments	152,424
Foreign Currency Translation	22,123
Goodwill, ending balance	$ 5,326,696

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Goodwill and Intangible Assets - Intangible Table by Major Class (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,461,011	$ 3,320,963
Accumulated Amortization	(1,316,707)	(1,248,006)
Net Carrying Amount	2,144,304	2,072,957
Customer-related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,979,421	2,842,257
Accumulated Amortization	(1,062,036)	(999,604)
Net Carrying Amount	1,917,385	1,842,653
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	283,008	289,989
Accumulated Amortization	(147,420)	(141,022)
Net Carrying Amount	135,588	148,967
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	123,058	123,579
Accumulated Amortization	(70,256)	(70,472)
Net Carrying Amount	52,802	53,107
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	75,524	65,138
Accumulated Amortization	(36,995)	(36,908)
Net Carrying Amount	$ 38,529	$ 28,230

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Goodwill and Intangible Assets - Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization related to intangible assets	$ 111,631	$ 109,069
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Remainder of 2024	340,888
2025	422,296
2026	372,627
2027	302,269
2028	270,412
Thereafter	435,812
Net Carrying Amount	$ 2,144,304		$ 2,072,957

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Shareholders' Equity - Dividend Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Nov. 15, 2023	Nov. 30, 2023	Nov. 30, 2022
Class of Stock [Line Items]
Dividend Per Share (in USD per share)	$ 1.29	$ 1.29	$ 1.12
Accenture Canada Holdings Inc., Cash Outlay	$ 831
Total Cash Outlay	810,056	$ 810,056	$ 705,567
Class A Ordinary Shares
Class of Stock [Line Items]
Accenture plc, Cash Outlay	$ 809,225

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Shareholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Dec. 18, 2023	Nov. 30, 2023	Nov. 30, 2022
Class of Stock [Line Items]
Dividends, Common Stock		$ (810,056)	$ (705,567)
Class A Ordinary Shares | Subsequent Event
Class of Stock [Line Items]
Quarterly cash dividend declared (in USD per share)	$ 1.29
Restricted Share Units
Class of Stock [Line Items]
Shares issued (in shares)		89,674
Common Stock | Restricted Share Units
Class of Stock [Line Items]
Dividends, Common Stock		$ 29,279	$ 25,763

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Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Losses recognized in income on derivatives	$ 20,280	$ 29,691

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Financial Instruments - Notional and Fair Values of All Derivative Instruments (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Assets
Total assets	$ 149,058	$ 104,420
Liabilities
Total liabilities	68,523	114,741
Total fair value	80,535	(10,321)
Total notional value	12,439,169	13,390,031
Cash Flow Hedges | Other current assets
Assets
Total assets	51,060	52,995
Cash Flow Hedges | Other non-current assets
Assets
Total assets	40,640	44,739
Cash Flow Hedges | Other accrued liabilities
Liabilities
Total liabilities	37,319	50,020
Cash Flow Hedges | Other non-current liabilities
Liabilities
Total liabilities	18,952	26,076
Other Derivatives | Other current assets
Assets
Total assets	57,358	6,686
Other Derivatives | Other accrued liabilities
Liabilities
Total liabilities	$ 12,252	$ 38,645

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Financial Instruments - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative assets	$ 101,420	$ 50,528
Net derivative liabilities	20,885	60,849
Total fair value	$ 80,535	$ (10,321)

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Income Taxes (Details)	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rates	23.20%	23.30%

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Commitments and Contingencies (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Expressly limited performance guarantee	$ 1,929,000	$ 1,793,000
Portion of guarantee not recoverable	52,000	51,000
Letter of credit and surety bonds outstanding	$ 1,348,671	$ 1,294,653

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Segment Reporting - Additional Information (Details)	3 Months Ended
	Nov. 30, 2023 reportableSegment
Segment Reporting [Abstract]
Number of reportable segments	3

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Segment Reporting - Reportable Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Segment Reporting Information [Line Items]
Total Revenues	$ 16,224,303	$ 15,747,802
Total Operating Income	2,564,887	2,593,100
Consulting
Segment Reporting Information [Line Items]
Total Revenues	8,456,506	8,444,367
Managed Services
Segment Reporting Information [Line Items]
Total Revenues	7,767,797	7,303,435
Communications, Media & Technology
Segment Reporting Information [Line Items]
Total Revenues	2,669,448	2,980,203
Financial Services
Segment Reporting Information [Line Items]
Total Revenues	3,033,578	2,963,396
Health & Public Service
Segment Reporting Information [Line Items]
Total Revenues	3,377,466	3,000,019
Products
Segment Reporting Information [Line Items]
Total Revenues	4,859,987	4,665,788
Resources
Segment Reporting Information [Line Items]
Total Revenues	2,283,824	2,138,396
North America
Segment Reporting Information [Line Items]
Total Revenues	7,562,902	7,622,820
Total Operating Income	1,256,708	1,309,883
Growth Markets
Segment Reporting Information [Line Items]
Total Revenues	2,857,759	2,812,083
Total Operating Income	484,578	556,334
EMEA
Segment Reporting Information [Line Items]
Total Revenues	5,803,642	5,312,899
Total Operating Income	$ 823,601	$ 726,883