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Accenture, which acquired a number of businesses during the
quarter, witnessed higher demand for its IT consulting services
as the pandemic forced more companies to shift towards a
cloud-based digitization strategy.
Analysts say that the demand for IT consulting services is at a
20-year high and is likely to stay elevated, as businesses
across sectors including finance and health depend on companies
such as Accenture and its peers to adapt to a new hybrid work
model.
Revenue rose to $13.3 billion in the quarter ended May 31 from
$11 billion a year earlier. Analysts on average had estimated
revenues of $12.8 billion, according to IBES data from Refinitiv.
The company forecast full-year revenue growth in the range of
10% and 11%, above its previous outlook. Analysts on average
expected full-year revenue to be $49.17 billion, according to
IBES data from Refinitiv.
(Reporting by Chavi Mehta in Bengaluru; Editing by Rashmi Aich)
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