$1 BILLION SOUGHT BY ACCENTURE WITH IPO

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(April 19, 2001) -- Accenture, the Bermuda-based firm that was formerly Andersen Consulting, announced today that it has filed to have an initial public offering that it hopes will raise up to $1 billion. The shares will be offered by an underwriting syndicate led by Goldman, Sachs & Co. and Morgan Stanley.

The management and technology consulting company employs more than 70,000 people in 46 countries. The Security and Exchange Commission filing reports that Accenture had $10.8 billion in revenues for the 12 months ended Feb. 28. -- Adrienne Mand

Copyright April 2001, Crain Communications Inc.

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