Categories Earnings, Technology

Accenture (ACN) set to thrive on digital, cloud prowess next year

Riding on the growing demand for information technology services, Accenture (NYSE: ACN) scaled new heights this year and established itself as a dominant player in the delivery of digital and cloud services. Armed with its industry-leading solutions, the professional services provider is likely headed to another rewarding year. It is ending 2019 with a robust order pipeline and a stable customer base.

Bull Run

The stock maintained a steady uptrend over the years and crossed the $200-mark for the first time early this year. Analysts are bullish about its prospects and the majority recommends buy, predicting further gains in the coming days. Brokerage firms, including RBC Capital and UBS Group, recently lifted their price targets, taking the average to about $221. Accenture has an impressive track record of rewarding shareholders by paying handsome dividends and repurchasing the stock regularly.

Accenture’s (ACN) Q1 results beat estimates

Another factor that makes the stock an investors’ favorite is its encouraging post-earnings performance in the past. In the first quarter, solid revenue growth across all the business units and geographic segments drove up the top-line. As a result, earnings rose 7% to $2.09 per share. The results also topped the market’s estimates, spurring a stock rally.

Future Perfect

The management’s financial projection indicates that the positive momentum will be sustained in the current quarter and beyond, marked by broad-based revenue growth and earnings performance.

Related: Cognizant beats Q3 earnings, revenue estimates

Going forward, the mobile and cloud businesses will be playing a key role in revenue generation, offsetting a potential slowdown in banking that could be a drag on the financial services segment.

Pricing Holds Key

It is important to have a prudent pricing strategy in order to retain the client base as competitors in the overseas market, mainly in Europe and India, would be looking to grab market share through competitive pricing. Also, uncertainties in the global economy can weigh on enterprise spending, affecting Accenture’s order growth.

Also see: Accenture Q1 2020 Earnings Conference Call Transcript

It needs to be seen whether the current rate of market share growth would be maintained in 2020, considering the signs of saturation seen in some markets. In the past, the company managed its cash flow with focus on ensuring proper shareholder return without compromising on investments.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Comments

  1. Pingback: Arie Baisch
  2. Pingback: Campus facilities
  3. Pingback: Admission Process
  4. Pingback: Endodontics
  5. Pingback: Teeth whitening
  6. Pingback: Graduation project
  7. Pingback: semester exams
  8. Pingback: fue
  9. Pingback: MSc in pharmacy
  10. Pingback: fue
  11. Pingback: appareil fitness
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: flatbed broker
  18. Pingback: fiverrearn.com
  19. Pingback: french bulldog
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: miniature bulldog
  23. Pingback: jute rugs
  24. Pingback: SEO in Jordan
  25. Pingback: isla paddle board
  26. Pingback: sorority necklaces
  27. Pingback: clima fresno
  28. Pingback: future university
  29. Pingback: daftar multisbo
  30. Pingback: Fiverr
  31. Pingback: french bulldog
  32. Pingback: six sigma
  33. Pingback: FUE
  34. Pingback: FUE
  35. Pingback: Moving estimate
  36. Pingback: Moving assistance
  37. Pingback: Classic Books 500
  38. Pingback: Media
  39. Pingback: FiverrEarn
  40. Pingback: Sefton Strip Club
  41. Pingback: partners
  42. Pingback: anxiety medication
  43. Pingback: frenchie puppies
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: live sex cams
  47. Pingback: live sex cams
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: Lightroom Presets
  55. Pingback: solar
  56. Pingback: rings
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: flowforce max scam
  61. Pingback: cheap sex cams
  62. Pingback: fullersears.com
  63. Pingback: canine probiotics
  64. Pingback: french bulldog buy
  65. Pingback: rare breed-trigger
  66. Pingback: 늑대닷컴
  67. Pingback: allgame
  68. Pingback: 918kiss
  69. Pingback: หวย24
  70. Pingback: Korean makeup
  71. Pingback: pg slot
  72. Pingback: AI Lawyer
  73. Pingback: cybersécurité
  74. Pingback: Raahe Guide
  75. Pingback: aplikasi main slot
  76. Pingback: catskills hotel
  77. Pingback: resort lake placid
  78. Pingback: duromine
  79. Pingback: 6mm arc ammo
  80. Pingback: ItMe.Xyz
  81. Pingback: itme.xyz
  82. Pingback: ItMe.Xyz
  83. Pingback: ItMe.Xyz

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top