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Accenture’s Q3 revenue comes in at $16.2 billion, beats estimates

US-based IT major Accenture announced its results for Q3FY22 on Thursday, June 23, beating revenue expectations for the quarter ending May 31. Accenture reported revenues of $16.2 billion, up 22% year-on-year (YoY).

The IT major’s operating income was up 23% at $2.6 billion, and its operating margin was 16.1%. The company also reported its second-highest bookings of $17 billion. For 2022, it now expects revenue growth to be in the range of 25.5-26.5%, as compared to 24-26% previously.

For Q4, Accenture tempered its revenue forecast and toned down its profit forecast for the 2022 fiscal (the firm follows a September-August financial year).

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