Report
Software and IT Services: Accenture Q4 FY18 read-across: some red flags in IT Services for 2019
Software and IT ServicesAccenture Q4 FY18 read-across: some red flags in IT Services for 2019
Yesterday, Accenture reported Q4 FY18 results (FYE 31st August) slightly above consensus and company guidance. FY19 guidance (revenues +5%/+8% at cc) looks cautious as in FY18 management raised guidance every quarter amidst solid execution, but this time it highlighted a couple of ‘red flags’ (hard Brexit scenario, Latin America, raw materials) which could make targets more difficult to exceed. We consider the read-across negative for Capgemini, Atos, Sopra Steria and Indra
Provider
Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Gregory Ramirez
Other Reports from Bryan Garnier
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.