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The growing firm has glowed in a decent first half of the year, but it has warned that the second half could be tougher.

Global consulting andIT services firm Accenture has reported a solid overall secondquarter, helped by its expansion in cloud services and other verticaltechnologies.

The company is listedon the New York Stock Exchange and headquartered in Ireland. Itreported that revenues hit $11.1bn in the quarter, an increase of 7%over the same period last year. Diluted earnings per share were$1.91, a 10% increase from the second quarter last year.

Operating income was$1.49bn, which was a 7% jump on last time, and the operating marginincreased to 13.4%. New bookings for the quarter were $14.2bn, withconsulting bookings of $7.2bn and outsourcing bookings of $7bn.

Accentures totalcash balance as at 29 February 2020 was $5.4bn, compared with $6.1bnon 31 August 2019, six months previously.

The company hasacquired a number of businesses in vertical markets over the last 12months.

Earlier this month, thefirms Microsoft services subsdiary Avanade acquired Altius, aUK-based company specialising in cloud, data performance managementand artificial intelligence (AI) services. With additional offices inthe Netherlands and India, and a team of 300-plus cloud and dataspecialists, Altius brings to Avanade and Accenture industryexpertise in solutions for the retail, travel and transport,infrastructure and public sectors.

And last autumn,Avanade acquired Germanys Alnamic AG, a specialist in MicrosoftDynamics 365 and AX solutions for German industries. Alnamic focuseson technology systems for the manufacturing, IoT, wholesale anddistribution sectors.

Also last year, Accenture acquired Cirruseo, a leading Google Cloud solutions provider in France. That acquisition strengthened Accentures expertise in Google Cloud in the French market and more broadly across Europe too.

Julie Sweet,Accentures chief executive officer, who was appointed last autumn,said: The world is now facing a global health crisis andsignificant disruption in the global economy. We exited the firsthalf of our fiscal year in a clear position of strength deliveringexcellent results, gaining significant market share and continuing tosuccessfully execute our growth strategy.

As we move forward,we will focus on helping our clients navigate and succeed in thisuncertain period and continue to invest in our business and ourpeople for the long term.

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