The company expects its Q3 FY21 revenues to be between $12.55bn and $12.95bn


Accenture reported basic earnings per share of $2.27 for Q2 FY21. (Credit: Ssu/Wikimedia Commons)

Accenture has reported a net income of $1.46bn for the second quarter of fiscal 2021 (Q2 FY21) that ended 28 February 2021, compared to $1.25bn in the second quarter of fiscal 2020.

The basic earnings per share for the reported quarter were $2.27 compared to basic earnings per share of $1.94 in the corresponding quarter of the fiscal year 2020.

Revenues of the global professional services company for Q2 FY21 were $12.09bn, an increase of 8% compared to $11.14bn for Q2 FY20.

For the third quarter of fiscal 2021, the company projects its revenues to be in the range of $12.55bn and $12.95bn.

Accenture’s consulting revenues for the reported quarter contributed $6.44bn. This marked an increase of 4% year-over-year.

Its outsourcing revenues grew 14% year-over-year for Q2 FY21 to $5.65bn.

The company’s communications, media and technology unit reported an increase of 11% year-over-year in its Q2 FY21 revenues at $2.48bn. Its financial services unit grew its revenues by 14% year-over-year in Q2 FY21 to $2.38bn.

Accenture’s health and public service division contributed $2.26bn in Q2 FY21 revenues, which is a 16% surge year-over-year.

Its products business fetched $3.34bn revenues for the reported quarter, an increase of 6% year-over-year. However, the company’s resources unit had a 4% dip year-over-year in revenues for Q2 FY21 to $1.63bn.

Accenture CEO Julie Sweet said: “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.

“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.

“Our performance reflects the power of our laser focus on creating client value and being a trusted partner, incredibly talented people and unwavering commitment to inclusion and diversity, strong ecosystem partnerships, and the substantial investments we have made year in and year out since we set out to be the leader in digital, cloud and security and continuous innovation.”

Recently, the company signed an agreement to acquire Pollux, a provider of industrial robotics and automation solutions.