Accenture raises business outlook for CY21; Q3 revenue beats estimate

Shift towards digital transformation drive as business embrace cloud, digital and security services made IT services major Accenture report better than expected third quarter numbers. The company also raised its fiscal 2021 (company follows January to December financial calendar) growth guidance to 10-11 per cent. This is up from the 6.5 per cent and 8.5 per cent it had guided in the last quarter.

Accenture reported revenue of $13.3 billion, up 21 per cent YoY, and 9.9 per cent sequentially.

New bookings for the quarter were up 39 per cent at $15.4 billion, with consulting bookings of $8 billion and outsourcing booking