Accenture has reported financial results for the second quarter of fiscal 2021, ended Feb. 28, 2021, with revenues of $12.1 billion, an increase of 8% in U.S. dollars and 5% in local currency over the same period last year.
“Revenue growth for the quarter was reduced approximately 2 percentage points by a decline in revenues from reimbursable travel costs. GAAP diluted earnings per share were $2.23, a 17% increase from $1.91 for the second quarter last year, including gains on an investment of $0.21 and $0.07, respectively. On an adjusted basis, EPS of $2.03 increased 10% from $1.84 for the second quarter last year. Operating income was $1.65 billion, an 11% increase over the same period last year, and operating margin was 13.7%, an expansion of 30 basis points,” a statement made by the company said.
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, according to the statement.
Julie Sweet, Accenture’s chief executive officer, 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.”
She added, “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. We are proud to be helping our clients not only recover and rebuild but also reimagine their futures.”
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