Accenture plc - Ordinary Shares - Class A

Q4 performance: strong, broad-based outperformance + margin/EPS/cash strength - Revenue $18.7B, +7% local currency (above the top end of guidance). - Bookings $22.2B (book-to-bill 1.2); 37 clients with bookings >$100M. - Operating margin 15.3% (about +20 bps adjusted YoY); diluted EPS $3.29 (+9%). - Free cash flow (FCF) $2.8B; cash balance $12.8B. - Key “uplift” drivers cited: large-scale reinventions, ecosystem + data/AI demand, faster mobilization on new work, and federal acquisitions overdelivering; management noted no single factor was responsible.

FY2026 snapshot: profitable growth, market share gains, record shareholder returns - Revenue $74.2B, ~+5% local currency (about ~3% organic), with ~1 percentage point drag from the federal business sunset at end of Q3. - Bookings >$84B, +5% USD / +3% local currency; 141 quarterly bookings >$100M; year-end 317 Diamond clients. - Adjusted operating margin 15.8% (+20 bps); adjusted EPS $13.97 (+8%). - FCF $11.6B (+7%), with strong FCF-to-net-income ~1.4. - Shareholder returns: returned $11.5B cash (+38%), including record levels of buybacks.

Demand & strategy: AI embedded across transformations; ecosystem is a major accelerator - Management expects continued strength from reinventions (often AI-driven) spanning digital cores/data foundations/enterprise AI stack. - Nearly 100 additional clients started first advanced AI work in the quarter; FY2026 total >400. - Ecosystem: top 10 partners represented >60% of revenue; ecosystem revenue +6%, outpacing Accenture overall. Emerging AI/data partner bookings/revenue more than doubled/tripled. - Delivery/offer mix: fixed-price / outcome-based work >65% of bookings and continuing growth.