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Accenture generated $15.8 billion in fee income from client projects during the second quarter, the company disclosed this week.

That’s about the same revenue total the company logged in the year-ago period. This time, Accenture’s fee income was evenly split between consulting and managed services, which brought in $8 billion and $7.8 billion, respectively. The former business saw its revenue decrease 3% year-over-year while the latter grew by the same amount.

Accenture breaks down its sales numbers by not only business line but also sector. The most notable data point here is that clients in the health and public service verticals boosted their spending with the firm by 10% year-over-year. Accenture generated $3.33 billion in revenue across these two segments, which amounted to over a fifth of its total fee income.

Accenture CEO Julie Sweet shared more context on the company’s sales data in a prepared statement, saying that “we remain the trusted partner to our clients for reinvention with a record 39 clients with quarterly bookings of over $100 million.”

One of the best ways to project a company’s future sales growth is to look at its bookings data. Accenture’s bookings in the second quarter reached $21.6 billion, the second highest number the company has ever posted, and generative AI projects accounted for $600 million of that sum. The latter numbers is important because it will show investors that Accenture’s sizable investments in AI training and acquisitions are starting to pay for themselves. 

Accenture’s Sweet revealed in her prepared remarks that the firm had “$2.9 billion of capital deployed in the first half in strategic acquisitions.”

The firm’s GAAP operating income climbed to $2.05 billion from $1.94 billion in the second quarter of fiscal 2023. GAAP diluted earnings per share amounted to $2.63, which is a year-over-year increase of 10%.

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