Newsletter

Menu

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

By Staff Correspondent |

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

Advertisement

More on this Company

225 responses to “Accenture (ACN) set to thrive on digital, cloud prowess next year”

  4. Campus facilities

    […]that will be the finish of this report. Here you’ll locate some internet sites that we consider you will enjoy, just click the hyperlinks over[…]

  13. Endodontics

    […]we like to honor numerous other world-wide-web web pages around the web, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  14. Teeth whitening

    […]although internet websites we backlink to below are considerably not related to ours, we feel they may be essentially really worth a go by means of, so have a look[…]

  15. Graduation project

    […]we prefer to honor quite a few other world wide web web-sites on the net, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  20. Periodontal Continuing Education

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless really worth taking a look, whoa did one particular master about Mid East has got far more problerms also […]

  30. Implantology master’s degree

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless seriously really worth taking a look, whoa did one discover about Mid East has got additional problerms at the same time […]

  35. top university in egypt

    […]that could be the finish of this report. Right here you will come across some web pages that we consider you will enjoy, just click the hyperlinks over[…]

  41. Maillot de football

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless truly worth taking a look, whoa did a single study about Mid East has got additional problerms too […]

  44. Maillot de football

    […]we prefer to honor several other online web pages on the web, even though they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  55. fiverrearn.com

    […]that will be the finish of this report. Here you’ll uncover some web pages that we feel you’ll value, just click the links over[…]

  56. flatbed broker

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless truly really worth taking a appear, whoa did 1 study about Mid East has got much more problerms at the same time […]

  65. jute rugs

    […]although web sites we backlink to beneath are considerably not related to ours, we really feel they may be actually really worth a go by way of, so have a look[…]

  76. clima fresno

    […]Every as soon as inside a although we pick out blogs that we read. Listed beneath are the newest internet sites that we choose […]

  83. Fiverr

    […]just beneath, are several entirely not associated websites to ours, nonetheless, they are surely really worth going over[…]

  89. six sigma

    […]although sites we backlink to beneath are considerably not connected to ours, we feel they may be essentially really worth a go through, so have a look[…]

  100. FiverrEarn

    […]very few web-sites that occur to be comprehensive beneath, from our point of view are undoubtedly well really worth checking out[…]

  104. partners

    […]just beneath, are numerous totally not related internet sites to ours, on the other hand, they may be certainly worth going over[…]

  107. alpha tonic supplement

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless seriously worth taking a search, whoa did 1 learn about Mid East has got extra problerms at the same time […]

  110. frenchie puppies

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless really really worth taking a look, whoa did 1 understand about Mid East has got a lot more problerms as well […]

  115. FiverrEarn

    […]just beneath, are numerous completely not connected web pages to ours, on the other hand, they are surely really worth going over[…]

  116. FiverrEarn

    […]check below, are some completely unrelated web sites to ours, nonetheless, they’re most trustworthy sources that we use[…]

  118. FiverrEarn

    […]that would be the finish of this article. Here you’ll come across some web-sites that we assume you’ll appreciate, just click the hyperlinks over[…]

  124. solar

    […]although websites we backlink to below are considerably not related to ours, we feel they are basically worth a go as a result of, so have a look[…]

  132. flowforce max scam

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless definitely really worth taking a look, whoa did 1 find out about Mid East has got far more problerms also […]

  134. fullersears.com

    […]very handful of internet sites that transpire to be comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]

  135. canine probiotics

    […]we prefer to honor many other web websites around the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  138. 늑대닷컴

    […]that will be the finish of this write-up. Here you’ll uncover some websites that we assume you will value, just click the links over[…]

  139. Slot online terbaik

    […]we like to honor several other net websites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  141. freelance web developer

    […]we prefer to honor lots of other net web sites on the net, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  143. 918kiss

    […]very few internet websites that transpire to become detailed below, from our point of view are undoubtedly properly really worth checking out[…]

  144. หวย24

    […]check beneath, are some entirely unrelated sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

  145. Korean makeup

    […]just beneath, are several entirely not related websites to ours, having said that, they are surely really worth going over[…]

  149. Raahe Guide

    […]although web sites we backlink to beneath are considerably not related to ours, we feel they are actually worth a go by way of, so have a look[…]

  151. catskills hotel

    […]Every as soon as inside a though we choose blogs that we study. Listed below are the most current web pages that we decide on […]

  154. 6mm arc ammo

    […]although web sites we backlink to beneath are considerably not associated to ours, we feel they are in fact worth a go by, so possess a look[…]

  156. ItMe.Xyz

    […]that would be the finish of this article. Here you will uncover some internet sites that we think you’ll enjoy, just click the hyperlinks over[…]

  158. ItMe.Xyz

    […]although internet websites we backlink to below are considerably not connected to ours, we feel they’re truly really worth a go via, so possess a look[…]

  160. seo wix

    […]we came across a cool internet site that you just could possibly appreciate. Take a search in case you want[…]

  162. live adult webcams

    […]we like to honor many other world-wide-web web sites around the web, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  165. nj fertility acupuncture

    […]we prefer to honor many other internet web-sites around the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  168. liz kerr

    […]here are some hyperlinks to web-sites that we link to due to the fact we assume they’re really worth visiting[…]

  169. ABB

    […]always a massive fan of linking to bloggers that I enjoy but do not get a whole lot of link love from[…]

  171. بطاقه ايوا

    […]we like to honor a lot of other web web-sites around the internet, even if they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  172. cam sex

    […]although web sites we backlink to beneath are considerably not connected to ours, we feel they may be truly worth a go via, so have a look[…]

  174. french bulldog shih tzu mix

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless actually really worth taking a appear, whoa did one master about Mid East has got more problerms as well […]

  177. esports

    […]check below, are some absolutely unrelated internet sites to ours, nonetheless, they’re most trustworthy sources that we use[…]

  178. clima en chimalhuacan

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless genuinely really worth taking a search, whoa did one find out about Mid East has got more problerms too […]

  179. marvel ESP

    […]Every the moment inside a although we choose blogs that we read. Listed beneath would be the newest internet sites that we select […]

  185. dump him shirt

    […]very few websites that come about to become in depth beneath, from our point of view are undoubtedly effectively worth checking out[…]

  188. richest vietnamese in america

    […]although internet websites we backlink to below are considerably not connected to ours, we feel they may be actually really worth a go as a result of, so possess a look[…]

  190. dog probiotic

    […]Every when inside a when we choose blogs that we study. Listed beneath are the newest web-sites that we decide on […]

  191. dr kim acupuncture

    […]very handful of internet websites that happen to become detailed below, from our point of view are undoubtedly nicely worth checking out[…]

  192. we buy french bulldogs

    […]although websites we backlink to beneath are considerably not associated to ours, we really feel they’re really really worth a go through, so have a look[…]

  194. linh hoang

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless truly really worth taking a appear, whoa did one understand about Mid East has got more problerms as well […]

  198. playnet

    […]check beneath, are some entirely unrelated web-sites to ours, even so, they’re most trustworthy sources that we use[…]

  200. chamoy dulce

    […]Every after in a although we decide on blogs that we study. Listed beneath are the most up-to-date sites that we decide on […]

  206. Dog Breed Registries

    […]although websites we backlink to below are considerably not related to ours, we really feel they may be in fact really worth a go by, so have a look[…]

  212. Dog Papers

    […]just beneath, are several entirely not connected internet sites to ours, having said that, they are surely worth going over[…]

  219. French Bulldog Adoption

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously worth taking a appear, whoa did 1 discover about Mid East has got a lot more problerms too […]

Top