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SEGMENT REPORTING
12 Months Ended
Aug. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING Segment Reporting
Operating segments are components of an enterprise where separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.
Our chief operating decision makers are our Chief Executive Officer and Chief Financial Officer. Our operating segments are managed separately because each operating segment represents a strategic business unit providing consulting and outsourcing services to clients across different industries.
Our three reportable segments are our geographic markets, which are North America, Europe and Growth Markets. Amounts are attributed to geographic markets based on where clients are located. Information regarding our geographic markets is as follows:
Fiscal 2022North AmericaEuropeGrowth MarketsTotal
Revenues$29,121,385 $20,263,550 $12,209,370 $61,594,305 
Depreciation and amortization (1)484,894 452,825 381,467 1,319,186 
Operating income4,976,890 2,437,313 1,952,978 9,367,181 
Net assets as of August 31 (2)3,981,668 2,331,300 1,127,828 7,440,796 
Property & equipment, net598,116 430,179 630,845 1,659,140 
Fiscal 2021
Revenues $23,701,341 $16,749,484 $10,082,564 $50,533,389 
Depreciation and amortization (1)379,105 403,802 344,656 1,127,563 
Operating income3,907,883 2,236,462 1,477,184 7,621,529 
Net assets as of August 31 (2)3,141,318 1,564,660 862,755 5,568,733 
Property & equipment, net537,392 455,862 645,851 1,639,105 
Fiscal 2020
Revenues $20,982,253 $14,402,142 $8,942,644 $44,327,039 
Depreciation and amortization (1)348,761 341,245 332,393 1,022,399 
Operating income 3,169,648 1,799,431 1,544,565 6,513,644 
Net assets as of August 31 (2)2,585,659 1,079,904 620,083 4,285,646 
Property & equipment, net499,976 389,968 655,624 1,545,568 
(1)Amounts include depreciation on property and equipment and amortization of intangible assets and deferred contract costs controlled by each reportable segment, as well as an allocation for amounts they do not directly control.
(2)We do not allocate total assets by reportable segment. Reportable segment assets directly attributable to a reportable segment and provided to the chief operating decision makers include receivables and current and non-current contract assets, deferred contract costs and current and non-current deferred revenues.
The accounting policies of the reportable segments are the same as those described in Note 1 (Summary of Significant Accounting Policies) to these Consolidated Financial Statements.
Our business in the United States represented 45% of our consolidated revenues during fiscal 2022, 2021 and 2020, respectively. No other country individually comprised 10% or more of our consolidated revenues during these periods. Business in Ireland, our country of domicile, represented approximately 1%, 2% and 1% of our consolidated revenues during fiscal 2022, 2021 and 2020, respectively.
We conduct business in Ireland and in the following countries that hold 10% or more of our total consolidated Property and equipment, net:
 August 31, 2022August 31, 2021August 31, 2020
United States33 %27 %27 %
India17 17 18 
Ireland
Revenues by industry group and type of work are as follows:
 Fiscal
 202220212020
Industry Groups (1)
Communications, Media & Technology$12,199,797 $9,801,349 $8,312,650 
Financial Services11,810,582 9,932,523 8,518,894 
Health & Public Service11,226,464 9,498,234 8,023,651 
Products18,275,419 14,438,537 12,857,664 
Resources8,082,043 6,862,746 6,614,180 
Total$61,594,305 $50,533,389 $44,327,039 
Type of Work
Consulting$34,075,856 $27,337,699 $24,227,024 
Outsourcing27,518,449 23,195,690 20,100,015 
Total$61,594,305 $50,533,389 $44,327,039 
(1)Effective June 1, 2022, we revised the reporting of our industry groups for the movement of Aerospace & Defense from Communications, Media & Technology to Products. Prior period amounts have been reclassified to conform with the current period presentation.