Accenture reported stellar performance in its second quarter, leading it to raise its revenue outlook.
The company’s revenue grew +24% year-over-year to $15 billion in its second quarter ended February. The company’s new bookings in the quarter came in at $19.6 billion, up +22% from the year-ago period, with consulting and outsourcing revenue of $10.9 billion and $8.7 billion respectively.
The solid performance in its second quarter led it to boost its revenue growth guidance for the year (ending August) to 24%-26%, vs. prior forecast of 19%-22%.
The company projects current-quarter revenue between $15.70 billion and $16.15 billion, compared with analysts’ average estimate of $15.11 billion (based on Refinitiv IBES data).
Accenture’s clients include more than three-quarters of the Fortune Global 500 companies across communications, media & technology as well as financial services industries. The company is also strategically investing in cloud, and partnerships to gain more market share.