Robust Q2 results see Accenture raise revenue forecast


Accenture has released strong results for Q2 of fiscal 2021, reporting that the company has returned to pre-pandemic growth ahead of expectations while continuing to take market share faster than before the pandemic.

Revenues totalled $12.1bn, an increase of 8 percent over the same period last year, while GAAP diluted earnings per share were $2.23, a 17 percent increase from $1.91 for the second quarter last year.

On an adjusted basis, EPS of $2.03 increased 10 percent from $1.84 for Q2 last year. Operating income was $1.65bn, an 11 percent increase over the same period last year; while the operating margin was 13.7 percent, an expansion of 30 basis points.

New bookings for the quarter were a record $16bn, with record bookings in both consulting and outsourcing at $8bn each.

Accenture now expects its full-year revenue to grow between 6.5 percent and 8.5 percent in local currency, compared to its previous outlook of 4 percent to 6 percent.

Julie Sweet, chief executive officer at Accenture, said, “We have seen another quarter of strong, broad-based demand for our services across geographic markets and industries, and delivered record new bookings as well as excellent profitability and free cash flow.

“Our performance reflects the power of our laser focus on creating client value and being a trusted partner, incredibly talented people and unwavering commitment to inclusion and diversity, strong ecosystem partnerships, and the substantial investments we have made year in and year out. We are proud to be helping our clients not only recover and rebuild but also reimagine their futures.”