Accenture Providing Remote Support Services For Ukrainian Families

“While we do not have operations or people who work in the Ukraine, we have many Ukrainians who work for us, particularly in Poland,” said Julie Sweet, Accenture CEO. “For their extended families who are in Ukraine, we quickly put in place Ukrainian language telehealth and other remote support services.”

Accenture is providing remote support services, such as Ukrainian language telehealth and settlement assistance, to the extended families of its Ukrainian employees affected by Russia’s invasion of the country.

“While we do not have operations or people who work in the Ukraine, we have many Ukrainians who work for us, particularly in Poland,” said Accenture CEO Julie Sweet (pictured) on the company’s Q2 earnings call Tuesday. “For their extended families who are in Ukraine, we quickly put in place Ukrainian language telehealth and other remote support services. And for those family members who are leaving the Ukraine, we are providing the settlement assistance.”

The Dublin-based solution provider has also discontinued business in Russia and is working to support its 2,300 employees there.

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“When people ask me what makes Accenture special, our actions like these are what come to mind,” Sweet said. “With a decade of experience helping refugees, we knew that not-for-profit organizations operating in Ukraine and the border countries providing humanitarian relief would have an initial immediate need for cash.”

The company is donating $5 million in cash to nonprofit organizations as well as matching funds employees donated through an employee giving program, which has generated about $1.5 million.

Accenture is also sponsoring an Accenture Academy for women refugees from Ukraine to help them build their technology skills, starting in cybersecurity.

The invasion of Ukraine by Russia and the sanctions many countries have imposed on Russia in response have increased the level of economic and political uncertainty, Sweet said.

Accenture’s third-quarter and full-year 2022 business outlook does not include assumptions for a significant escalation or expansion of economic disruption.

Accenture reported financial results for the fiscal 2022 second quarter (ended Feb, 28, 2022) with revenues of $15.0 billion, an increase of 24 percent in U.S. dollars over the same period last year. The workforce also grew by 24,000 people.

Its operating income increased by 2 percent to $2.06 billion with an operating margin of 13.7 percent. The company also saw record new bookings of $19.6 billion in the quarter, up 22 percent from the second quarter last year.

Diluted earnings per share were $2.54, a 14 percent increase from $2.23 for the second quarter last year, which included $0.21 in gains on an investment. The company’s fiscal year ends Aug. 31.

Accenture stock stood at $322.29 per share as of 1:00 EDT Friday, up $2.79 or 0.87 percent from Thursday’s close.