Accenture raises revenue growth guidance for fiscal 2021

Bengaluru: Accenture Plc has raised its revenue growth outlook for the fiscal ending Aug. 31, 2021 to 6.5-8.5%, on the back of strong second-quarter performance and record bookings in both consulting and outsourcing.

Last quarter, the IT consulting company had guided 4% to 6% revenue growth for the fiscal.

In the quarter ended Feb. 28, Accenture’s revenue in dollar terms grew 8% year-on-year to $12.1 billion. On a sequential basis, revenue growth for the quarter declined 2 percentage points due to a drop in earnings from reimbursable travel costs. Net income rose 16.8% year-on-year to $1.46 billion. New bookings stood at $16 billion, with both consulting and outsourcing clocking record bookings of $8.0 billion each.


The company also announced a one-time bonus, equal to one week of base pay, for employees below the managing director. The bonus recognises exceptional contributions and dedication of all Accenture people to its clients during this challenging year, said the company.

“With our outstanding second-quarter financial results, we have returned to overall pre-pandemic growth ahead of expectations while continuing to take market share faster than before the pandemic,” Accenture’s Chief Executive Officer Julie Sweet 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.”