Accenture Q2 results beat estimates, warns of impact from Ukraine conflict

Accenture's results continue to show that the momentum for digital transformation and shift to cloud services is growing strong.

Information technology (IT) services and consulting firm Accenture reported better-than-expected numbers in the second quarter (Q2), beating its own guidance in the process. It also revised its annual guidance upwards to 24-26 per cent from the earlier 19-22 per cent.
 

In Q2, revenues came in at $15.05 billion, an increase of 24 per cent in US dollar terms year-on-year (YoY). Accenture had reported revenue of $12.09 billion in the year-ago period. Revenue in Q2 was also approximately $300 million above the top end of the company’s guided range of $14.3 billion to $14.75 billion.
 

Accenture also cautioned the Street that