Is Accenture Stock a Buy?
Accenture (NYSE: ACN), a Fortune Global 500 company, provides services in strategy, operations, consulting, and technology to companies around the world. Accenture counts among its clients more than three-quarters of the Fortune Global 500, and 91 of the top 100. The company cultivates long-term client relationships with 95 of its largest 100 clients having been with Accenture for 10 years or more.
Accenture develops this customer loyalty by anticipating needs and offering expertise in maximizing growth opportunities for clients. CEO Julie Sweet said, "We create value for our clients from building out their digital core to helping them innovate across their growth agenda and realize significant value from optimizing their operations. The new digital, cloud, and security is now our core, accounting for about 65% of total revenues."
Accenture has five operating groups: communication, media, and technology; financial services; health and public service; products (like consumer goods); and resources (such as chemicals and energy). The operating groups are staffed by industry specialists who provide research, consulting services, and technology solutions to their relevant sectors.
Source Fool.com