Accenture raised the lower end of its annual revenue forecast on March 20, betting on growing demand for its services to help clients integrate AI-powered tools into their operations.

Strong demand for large-scale projects in cloud migration, artificial intelligence (AI)-led digital transformation, and data security has helped companies such as Accenture.

Accenture shares climbed more than 2% in premarket trading on Thursday.

“Our second quarter results demonstrate that we continue to deliver on our strategy to lead reinvention for our clients and return to strong growth in FY25, with broad-based growth across markets, industries, and the types of work our clients seek from us," said Accenture Chair and CEO Julie Sweet.

Accenture has secured several large projects and partnered with banks, telecommunication firms, and sports firms among others.

The company now expects annual revenue to grow between 5% and 7%, compared with its prior forecast of 4% to 7%. Analysts had expected revenue growth of 5.7%, according to data compiled by LSEG.

Given that a substantial portion of Accenture's workforce is based in India, its results often serve as an indicator of the broader trends and potential outcomes within the over-five-million-strong Indian IT sector.

The world’s largest IT services company reported an increase in headcount by 2,000 employees to 801,000 in Q2FY25. Accenture follows a September-August financial year.

Total bookings stood at $20.9 billion, down 3.2% year-over-year.