Tags: Accenture | consistent | growth | ACN

Accenture: Double-Digit, Consistent Growth

Tuesday, 03 Jan 2012 05:03 PM

By Meghan Sapp

The old saying “practice what you preach” holds truest for consulting companies, whose bread and butter is getting companies back on track. For Accenture (ACN), consistent growth over five quarters and double-digit growth in its most recent reporting shows its customers that the proof is in the pudding.

In this tough economy, companies look to consultants like Accenture to help them trim spending, use their resources better, invest in infrastructure and IT — whatever it takes to make it to the next quarter. Accenture’s services are far from cheap, but they’ve got a track record that demonstrates they know what they’re doing.

Just in the period since its first quarter 2012 reporting, the company has landed major contracts with the U.S. Department of Homeland Security to strengthen biometric,  immigration and border management functions as well as with Hartford Financial Services Group (HIG) in an effort to improve product efficiency and reduce costs.

For the second quarter, the company anticipates net revenues of between $6.5 billion and $6.8 billion. During the first quarter, it nailed net revenues of $7.1 billion, up 17 percent on the year. Each of its five segments hit double-digit growth, as did each of its three global regions.

Foreign exchange

Despite record-breaking revenues and profit for the first quarter, Accenture expects full year revenues to come in between $28 billion and $31 billion, roughly 7 percent growth. The company has concerns about negative foreign exchange impacts on revenue, but history shows its forecasts are likely on the conservative side.

Goldman Sachs recently reaffirmed its buy rating, while JPMorgan Chase & Co. reaffirmed its overweight rating. JP Morgan has a price target of $64 on ACN with recent trading between $52 and $60.

Accenture next reports on or around March 26.

© 2015 Moneynews. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mitt Romney: I Won't Run in 2016

Friday, 30 Jan 2015 10:55 AM

Three weeks after unexpectedly saying he was considering another run for president, Mitt Romney announced he has no plan . . .

Kerry Cancels His Trip to Russia As Tensions Rise

Friday, 30 Jan 2015 11:24 AM

Secretary of State John Kerry has canceled a planned trip to Moscow next week to discuss the ongoing crisis in Ukraine w . . .

Obama Vows to 'Happily' Veto Bills That Reverse Amnesty

Friday, 30 Jan 2015 11:24 AM

President Barack Obama declared Thursday night that he would "happily" veto legislation he felt would worsen the nation' . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved