Information Technology (IT) consulting firm Accenture has announced a one-time bonus, which will be equal to one week’s base salary for all employees, globally, below the level of the managing director.
Accenture’s announcement came along with its second-quarter results where its revenue stood at $12.1 billion, an increase of 8% in US dollars. The company’s new bookings were at $16 billion, a 13 percent increase from the same period, last year. Accenture now expects its full-year revenue to grow between 6.5 percent and 8.5 percent in the local currency, a jump from the company’s previous guidance of 4 percent to 6 percent.
“This bonus recognises the exceptional contributions and dedication of all Accenture people to its clients during this challenging year,” said the company in a statement today.
“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,” said Julie Sweet, Accenture’s chief executive officer, in a statement.
Earlier this month, consulting firm PwC had also announced a similar one-time bonus for all its employees in India. PwC’s bonus would be equal to two weeks’ pay.
The rewards for employees come in as with the move to digital during the COVID-19 pandemic, tech giants across the world have benefited from the increased revenue.
Sourced from Business Insider - written by Sanchita Dash