By Sarfaraz A. Khan and Gohar Yousuf
The world’s second largest technology consulting company Accenture (ACN) is quite optimistic about its future, despite the slowdown of the industry’s growth. The company has been investing to enhance its capabilities and is eying expansion in digital marketing, mobility, analytics and cloud. To achieve this objective, Accenture will continue with its inorganic growth and will spend more than $800 million on accusations in the coming year. The business has reported significant growth in top and bottom line. Its strength lies in its strong customer base which includes some of the leading corporations from around the world. However, the company’s profitability has been considerably lower as compared to some of its biggest rivals.
The world’s second largest technology consulting company Accenture (ACN) is quite optimistic about its future, despite the slowdown of the industry’s growth. The company has been investing to enhance its capabilities and is eying expansion in digital marketing, mobility, analytics and cloud. To achieve this objective, Accenture will continue with its inorganic growth and will spend more than $800 million on accusations in the coming year. The business has reported significant growth in top and bottom line. Its strength lies in its strong customer base which includes some of the leading corporations from around the world. However, the company’s profitability has been considerably lower as compared to some of its biggest rivals.
In its most recent quarterly results, Accenture reported revenue growth
of 3.7% from the saw quarter last year to $7.09 billion while earnings
rose 14.8% to $1.01 per share. For the three months ending August, 2013,
Accenture reported a record level of new bookings of $8.4 billion.
The business also generated free cash flow of $2.9 billion, which was above its expectations. It now boasts of cash reserves of $5.6 billion. Therefore, it’s no surprise that .... read full article at GuruFocus
The business also generated free cash flow of $2.9 billion, which was above its expectations. It now boasts of cash reserves of $5.6 billion. Therefore, it’s no surprise that .... read full article at GuruFocus
