Accenture Q4 Beats Street on Revenue and EPS, Confident Outlook, Shares Zoom

John Fowler, Big4.com

(blog) Accenture (NYSE: ACN)’s Q4-2010 and FY 2010 financial results ending August 31, 2010 blew past Wall Street expectations. To add to this, Accenture projected double digit growth in 2011 revenue and 1% higher-than-previous-guidance growth in 2011 EPS. Investors loved it, moving the stock up 3.6% after hours....

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Accenture And Deloitte Both Talk Jobs: 250,000 Each by 2015

Susan Black, Big4.com

(blog) Just in the last few days, we have had two Big Four firms talk about big job numbers. Accenture (NYSE: ACN) and Deloitte are both coincidentally talking about the magic number of 250,000 by 2015...

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Accenture Expands Even As the IT Outsourcing Market Outlook Remains Uncertain

Charles Harper, Big4.com

August 9, 2010

(Blog) Even as industry leaders point to an uncertain outlook for IT Outsourcing for the rest of 2010, Accenture moved quite rapidly in July 2010 to grow its market share for the current year and beyond. Within the month of July, the company has announced the acquisition of a French business processing company, the expansion of its operations in the Philippine Islands and the securing of a major outsourcing deal in Bangalore, India.

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Looking Out For Number One – Accenture Indicates A Paradigm Shift

Susan Black, Big4.com

July 1, 2010

A new book, Workforce of One: Revolutionizing Talent Management through Customization (Harvard Business Press, 2010) by two Accenture authors - David Smith, MD of the Accenture Talent & Organization Performance service line, and Susan M. Cantrell, fellow at the Accenture Institute for High Performance shows that employees are actively demanding “an individualized experience at work based on their own encounters with customization as consumers”

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Accenture Goes Deep Into Cyberspace To Recruit 50,000

Rob Starr, Big4.com
June 26, 2010

Big Four firms have become recently very savvy in noticing marketplace trends and then taking full advantage of them. Note that Accenture, Capgemini, Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers have all strong and growing presence on Facebook, Twitter, LinkedIn, Xing, which has almost become the de-facto standard today for recruiting talent.

All the more with technology and how quickly it is changing.

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Accenture (NYSE:ACN) Shares Zoom 8% on Q3-2010 Beat

Lisa Chapman, Big4.com
June 25, 2010

Yesterday, we blogged about Accenture simply marching past expectations, much to everyone’s positive surprise. There was muted rise after hours.

But today the stock opened up about 8% and stayed right there for the whole day, ending at $40.50, a $3 jump from the pre-earnings closing price of $37.50.

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Yes! The Accenture (ACN) Machine Rolls On - Q3-2010 Beats Wall Street

Lisa Chapman, Big4.com
June 24, 2010

Accenture (NYSE: ACN) just released Q3-2010 results for quarter ended May 31, 2010, with net revenues of $5.57 billion and EPS of 73 cents. Both were ahead of expectations of $5.48 billion revenue and EPS of 69 cents,

We had said in our earlier blog post (http://www.big4.com/?page=blog_item&url=accenture-q3-2010-tomorrow-an-earnings-round-up-571), “We would be surprised by a beat, though given Accenture’s global breadth and scale, that would not be completely out of the question.”

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Accenture Q3-2010 Tomorrow, An Earnings Round Up

Lisa Chapman, Big4.com

June 23, 2010

Accenture reports its third quarter 2010 earnings tomorrow, Thursday, June 24, 2010 just after market close. Wall Street analysts are expecting $5.48 billion in revenue and 69 cents a share EPS.

There have been a number of developments prior to this release. Recently, Citi maintained its Buy rating on the stock with a target price of $50.

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Citigroup (NYSE: C) Reiterates "Buy" on Accenture Ltd (NYSE: ACN)

June 19, 2010

Susan Black, Big4.com

Citibank is maintaining its "Buy" rating on Accenture stock and their price target of $50.00.

Accenture has 21 Wall Street analysts following with a mean target price of $47 with a low of $37 and high of $55. So Citi is slightly higher than the average analyst in the crowd, but well below the most optimistic. The stock has an average rating of 2.1 with 1.0 being a strong buy and 5.0 being a sell, so 2.1 is about a Buy. Citi is toeing the line on the rating.

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Accenture Installs Cloud Computing Applications in Just 25 Minutes

June 18, 2010

Nita Teoh, Big4.com

Internet-based business computing (also known as cloud computing) is all the rage as more and more businesses are turning to the Web to source their IT services.

According to Accenture, “Cloud computing is promising to become the most important technology development since the internet. ..In fact, Accenture expects half of its applications will be running in the cloud by 2012.”

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Looking For A Job Online? - Ernst & Young, Accenture Are Tops

A recent interesting survey of top employer websites by Potentialpark Communications (of Stockholm, Sweden) shows that Ernst & Young and Accenture are keeping the best of company.

(We recently saw this ranking in the Wall Street Journal (http://online.wsj.com/article/SB10001424052748704764404575287254249588026.html?KEYWORDS=potentialpark) and reached out to Potentialpark to get more background and how the other Big Four firms fared in their analysis.)...

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Accenture Rides The Upswing In IT Spending, Wins Big Deals

June 13, 2010
By Pratish Prabhakaran, Big4.com

According to Gartner, the IT sector is expected to witness a revival across the world, as pent-up demand from companies gets loosened due to better business optimism. Gartner expects to see strong IT spending in 2010, with spending on technology products likely to touch $3.4 trillion this year – a healthy growth rate of 5.3% from 2009 levels.

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Accenture, Deloitte Jumping In On Digital Marketing Consulting

Nita Teoh, Big4.com

June 12, 2010

The digital age is coming at us real fast!

All types of companies are starting to invest in digital marketing over traditional advertising, as trends indicate that consumer highly prefer online news and entertainment through digital mediums.

Digital marketing encompasses the use of any digital mediums to promote a company’s brand. It includes the Internet, television, radio, and mobile for advertising to consumers.

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AT Kearney Booz(es). Big Four Firm Stay Sober

Both Financial Times and Wall Street Journal are reporting that AT Kearney and Booz & Co. are considering a merger to bulk up and get into seventh place globally behind McKinsey and Boston Consulting Group...

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Accenture Digitizes Barbara Walters

If you’ve seen any TV at all over the years, Barbara Walters has been a familiar and ubiquitous presence on NBC and ABC for a very long time (starting with NBC in 1961). What with hosting 20/20, NBC’s Today show, co-anchoring the ABC Evening News, being a correspondent on ABC World News, and more recently showing up in the mornings on that delightfully controversial and irreverent program – The View. Barbara Walters has also received tons of nominations and awards for her work, notably her interviews with the top personalities in the world...

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Accenture (NYSE: ACN) Upgraded to Buy by Standpoint Research

In a reversal of their prior opinion today, Standpoint Research of Miami, FL, a leading independent equity research organization, upgraded Accenture stock from Hold to Buy...




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Why Did ACN Drop to One Cent? No One Really Knows

There is a great exposition in today’s WSJ of what happened on Thursday to Accenture PLC (NYSE: ACN)’s stock price, which for two minutes dropped to a ridiculous price of 1 cent from $40 and bounced back again....


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Accenture Stock (ACN) Drops to 1 Cent for 2 Minutes!!

Google Finance Chart for ACN

At 14:48 PM today New York time, Accenture stock (NYSE:ACN) dropped to 1 cent per share.

At 14:46 PM the stock was trading at $40 per share, and after this momentary drop to 1 cent, the stock jumped back again at 14:50 PM to $40 per share...

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Accenture Q2-2010 Fall Short, But New Bookings Assures Investors

Accenture recently reported its Q2-2010 quarterly results for the quarter ending Feb. 28, 2010 with revenues of $5.18 billion, down 2% in U.S. dollars but 8% in local currency from Q2-2009 revenue of $5.27 billion. Consulting revenues $2.93 billion, down 3% in US dollar terms and Outsourcing revenues were $2.24 billion, flat in U.S. dollar terms. Q2-2010 net income was $462 million, compared with $502 million for Q2-2009...

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Accenture Q2-2010 EPS Out Tomorrow March 25th, 2010

Accenture releases its Q2-2010 quarterly earnings tomorrow March 25, 2010.

NYSE: ACN shares are at $41.80 down 1.49% today ahead of earnings in a day where the Dow Jones is down 46 points due to a general downgrade of Portugal’s debt. But note that Accenture shares are trading close to their all-time highs. The stock hit its 52-Week high of $43.89 in January 2010 and set its 52-Week low of $26.33 in April 2009....

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