Accenture plc (NYSE:ACN) released its Q2 results, with revenue coming in at $15.05 billion (up 24% year-over-year), beating the consensus estimate of $14.66 billion. Bookings were $19.6 billion, above the consensus estimate of $17.6 billion, driven by outsized strength in Consulting from digital transformation demand.

IT services demand continues to accelerate as companies undergo compressed technology transformation, where the company is best positioned. As a result, the company continues to rapidly add headcount to support demand despite the tight labor market.

With a mix of large and small deals, including significant growth in large clients, the company expects strong growth through the back half of the year despite comps becoming more difficult. ACN raised its full 2022-year revenue growth guidance to around 24-26%.

The company also increased its 2022 EPS guidance to $10.61-10.81 from $10.32-10.60 even as margin expectations were lowered due primarily to wage inflation.