Accenture Q2 results exceed expectations

Accenture has reported revenues of $15.05bn in its financial results for the second quarter of fiscal 2022, an increase of 24 percent in U.S. dollars and 28 percent in local currency from the same period last year. Revenue in Q2 was also approximately $300m above the top end of its guided range of $14.3bn to $14.75bn.

The company also saw a record $19.6bn in new bookings for the quarter, up 22 percent from Q2 2021, with record bookings in both consulting and outsourcing of $10.9bn and $8.7bn respectively.

Operating income was $2.06bn, up 25 percent over the same period last year, while operating margin was 13.7 percent, consistent with the second quarter of 2021. Diluted earnings per share were $2.54, a 14 percent increase.

Julie Sweet, Accenture’s chair and CEO, said: “Our outstanding second-quarter financial performance demonstrates continued strong, broad-based demand across all our markets, services and industries. We continue to take significant market share as clients increasingly turn to Accenture as the partner uniquely positioned to help them navigate today’s accelerating pace of change. Our core strength is the diversity of our business that enables us to digitally transform across the enterprise through the depth and breadth of our services.”

Accenture expects Q3 revenues to be in the range of $15.7bn to $16.15bn, an increase of 22 to 26 percent in local currency. For fiscal 2022, it anticipates revenue growth in the range of 24 to 26 percent, compared with 19 to 22 percent previously.