Technology consulting and outsourcing giant Accenture Plc. reported strong end-of-year financials with a five percent increase in sales revenues to $30 billion for its fiscal 2015, compared to the year before.

However, the company’s net income slipped by 10 percent to just $3.2 billion for the year, thanks to a spree of acquisitions made over the last 12 months.

Accenture was recently described as “fast becoming the most acquisitive major IT services provider in the market today,” by TechMarketView analyst John O’Brien. According to him, the company has made a whopping 18 acquisitions since the beginning of the year, buying startups involved in cloud orchestration and integration, cybersecurity, digital design, and supply chain analytics.

Accenture’s most recent deals were announced earlier this month, when it said it was acquiring U.K.-based healthcare consultancy firm Sagacious Consultants LLC, just a few days after announcing it had bought cloud advisory firm Cloud Sherpas LLC. The price of both deals was undisclosed.

Accenture said that both its adjusted earnings per share and quarterly revenues exceeded analysts’ expectations, and also posted revenue guidance for the next quarter, as well as its earnings and revenue growth forecast for the next year.

According to that guidance, Accenture is likely to see net revenue growth in local currency of between 5 percent and 8 percent, with its diluted earnings-per-share between $5.09 and $5.24 for the year. As for first quarter net revenues, Accenture said a range of $7.70 billion to $7.95 billion is likely, which would amount to between six and nine percent growth. The company said this range assumes a negative 8.5 percent foreign-exchange impact compared to Q1 of 2015.

Pierre Nanterme, CEO of Accenture, said the acquisition spree was about differentiating the company’s capabilities and strengthening its industry expertise.

“We have momentum in our business, and I am confident in our ability to continue driving sustainable, profitable growth and delivering value for our shareholders,” Nanterme added.