Andersen Consulting
 |
|
| Public | |
| Traded as | : ACN S&P 100 component S&P 500 component |
| Industry |
Professional services Technology services |
| Founded | 1989 as Andersen Consulting |
| Headquarters | Incorporated headquarters in Dublin, Ireland |
|
Area served
|
Worldwide |
|
Key people
|
Pierre Nanterme (Chairman & CEO) |
| Services | Strategy, Consulting, Digital, Technology, Operations, Services and Solutions |
| Revenue |  US$34.79 billion (2016) |
|
US$5.65 billion (2016) |
|
|
US$4.11 billion (2016) |
|
| Total assets |
US$20.60 billion (2016) |
| Total equity |
US$7.55 billion (2016) |
|
Number of employees
|
394,000 (2016) |
| Website | www |
Accenture PLC is a global professional services company which provides strategy, consulting, digital, technology and operations services. A Fortune Global 500 company, it has been incorporated in Dublin, Ireland, since 1 September 2009. In 2016, the company reported net revenues of $32.9 billion, with more than 394,000 employees serving clients in more than 200 cities in 120 countries. In 2015, the company had about 130,000 employees in India, about 48,000 in the US, and about 50,000 in the Philippines. Accenture's current clients include 94 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.
Accenture common equity is listed on the , under the symbol ACN, and was added to the S&P 500 index on 5 July 2011. In 2016, Fortune magazine named it as the world's most admired Information Technology Services company.
Accenture began as the business and technology consulting division of accounting firm Arthur Andersen. when it conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky; which led GE's installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the U.S.Joseph Glickauf, an early pioneer of computer consulting, held a position as head of Arthur Andersen's administrative services division.
In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Société Coopérative (AWSC).
Throughout the 1990s, there was increasing tension between Andersen Consulting and Arthur Andersen. Andersen Consulting was paying Arthur Andersen up to 15% of its profits each year (a provision of the 1989 split was that the more profitable unit – whether AA or AC – pay the other the 15 percent ), while at the same time Arthur Andersen was competing with Andersen Consulting through its own newly established business consulting service line called Arthur Andersen Business Consulting (AABC). This dispute came to a head in 1998 when Andersen Consulting claimed breach of contract against AWSC and Arthur Andersen. Andersen Consulting put the 15% transfer payment for that year and future years into escrow and issued a claim for breach of contract. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen. As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2 billion) to Arthur Andersen, and was required to change its name, resulting in the entity being renamed Accenture.
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Wikipedia