Tech consulting behemoth Accenture closed the books on the second quarter with revenues of $15.8 billion, 9% more than 12 months earlier when measured in constant currency.

That’s less than the 15% constant currency growth the company posted last quarter. But it’s still a notable feat given big corporations, which constitute Accenture’s primary target market, are being more careful with their IT spending nowadays.

Accenture is one of the world’s largest providers of IT services and counts numerous Fortune 500 enterprises among its clients. Consequently, its earnings can provide useful insight into the state of the IT market.

The Accenture business units that focus on providing consulting services related to cloud services and cybersecurity experienced double-digit revenue growth during the second quarter. That’s not surprising given cloud and security have long been top of mind for corporate CIOs.

More illuminating is the fact that Accenture Song, the firm’s marketing arm, also experienced double digital growth. The same was true for its Industry X group, which helps manufacturers optimize their production lines through the implementation of technologies such as AI.

The boost from the Industry X group showed up in Accenture’s earnings breakdown. Its Products revenue category, which covers fee income from companies such as manufacturers, grew 9% year-over-year in the second quarter to $4.7 billion.

The second biggest market for Accenture in the fourth quarter was the financial services industry, where its consultants generated sales of $3 billion. In terms of quartely revenue, the financial services industry was tied with the healthcare segment and public sector, which Accenture lists as one market in its earnings reports.

Looking ahead, Accenture says it has $22.1 billion worth of future projects on the books.

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