Accenture offers bonus of one-week of base pay to employees

Accenture reported revenue of $12.1 billion, an increase of 8 percent for the second quarter of fiscal 2021, ended Feb. 28, 2021, over the same period last year.
Accenture CEO Julie Sweet
Accenture made several acquisitions during the quarter. Accenture did not reveal the impact of its acquisitions on revenue growth.

Operating income rose 11 percent to $1.65 billion with operating margin of 13.7 percent, an expansion of 30 basis points.

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

The company also announced a one-time bonus, equal to one week of base pay, for its people below managing director.

This bonus recognizes the exceptional contributions and dedication of all Accenture people to its clients during this challenging year, Julie Sweet, Accenture’s chief executive officer, said.

Consulting revenues for the quarter were $6.44 billion, an increase of 4 percent in U.S. dollars.

Outsourcing revenues were $5.65 billion, an increase of 14 percent in U.S. dollars.

Operating income for the quarter increased 11 percent, to $1.65 billion, or 13.7 percent of revenues, compared with $1.49 billion, or 13.4 percent of revenues, for the second quarter of fiscal 2020.

Net income for the quarter was $1.46 billion, compared with $1.25 billion for the second quarter last year.

Accenture has generated revenue of $5.63 billion (+7 percent) from North America, $4.03 billion (+11 percent) in Europe, $2.43 billion (+8 percent) in Growth Markets.

Accenture has generated second quarter revenue of $2.48 billion (+11 percent) from Communications, Media & Technology, $2.38 billion (+14 percent) from Financial Services, $2.26 billion (+16 percent) from Health & Public Service; $3.34 billion (+6 percent) from Products and $1.63 billion(–4 percent) from Resources.

Accenture today said it expects revenues to be in the range of $12.55 billion to $12.95 billion, 10 percent to 13 percent growth, for the third quarter of fiscal 2021.

Accenture expects revenue growth to be in the range of 6.5 percent to 8.5 percent, compared with 4 percent to 6 percent previously, for fiscal 2021.

Accenture now expects operating margin for the full fiscal year to be in the range of 15 percent to 15.1 percent, compared with 14.8 percent to 15 percent previously, an expansion of 30 to 40 basis points from fiscal 2020.