Tech

Accenture’s revenue surpasses as pandemics boost demand for cloud and IT consulting services

File Photo: Accenture CEO Julie Sweet will attend the Fortune Global Forum in Paris, France, on November 19, 2019.Reuters / Gonzalo Fentes

June 24, 2021

(Reuters)-IT consulting firm Accenture Plc has higher third-quarter earnings than analysts estimate as more companies use digital, cloud and security services to adapt to hybrid work models in the post-pandemic world Was announced on Thursday.

Accenture acquired many businesses during the quarter, but the pandemic forced many companies to move to cloud-based digitization strategies, increasing demand for IT consulting services.

Demand for IT consulting services is high for the first time in 20 years, according to analysts, as businesses across sectors such as finance and health rely on companies such as Accenture and its peers adapting to new hybrid work models. , It may increase in the future.

Revenues for the quarter ending May 31 increased from $ 11 billion in the previous year to $ 13.3 billion. Analysts’ average revenue is estimated at $ 12.8 billion, according to Refinitiv’s IBES data.

The company forecasts full-year sales to exceed previous forecasts, ranging from 10% to 11%. Analysts expect average full-year revenue of $ 49.17 billion, according to Refinitiv’s IBES data.

(Report by Chavi Mehta in Bangalore, edited by Rashmi Aich)



Accenture’s revenue surpasses as pandemics boost demand for cloud and IT consulting services

Source link Accenture’s revenue surpasses as pandemics boost demand for cloud and IT consulting services

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