Accenture Beats the Analysts: Is the Stock Still a Good Buy?
Accenture (NYSE:ACN) is a world-renowned management firm. Its stock has been an incredible performer, up 50 percent in two years. The stock caught my eye after it beat on the top and bottom lines but issued guidance that was somewhat weak. In this article, I will cover the company’s recent performance and weigh in on the prospects for the stock going forward. For those who aren’t aware of this $50 billion company, it provides management consulting, technology, and business process outsourcing (BPO) services worldwide.
The company operates through Communications, Media & Technology, Financial Services, Health & Public Service, Products, and Resources segments. It offers management consulting services in the finance and enterprise performance, operations, risk management, sales and customer service, strategy, sustainability, and talent and organization management areas.
The company further offers system integration consulting services and solutions, including enterprise solutions and enterprise resource planning, industry and functional solutions, information management services, custom solutions, technology consulting services, and solutions comprising information technology strategy, infrastructure and IT security consulting, and application modernization and optimization. In addition, it provides technology outsourcing services, such as application outsourcing services and infrastructure outsourcing.
Further, the company provides BPO services for business functions and processes, including finance and accounting, human resources, learning and procurement, and others, as well as industry-specific BPO services, such as credit services.