Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Digital Services Continue to Shine for Accenture, Issues Reasonable Outlook, Shares Overvalued

Accenture reported a solid end to its fiscal year with the firm meeting our revenue and earnings expectations. The fourth quarter and fiscal 2016 continued to illustrate Accenture’s shift to the “new” or services surrounding digital, cloud, and security work. Like many other IT services peers, we believe Accenture’s digital-related business will remain a high growth engine for many years. In fact, digital services revenue for fiscal 2016 totaled $9.5 billion (30% of group revenue) growing approx...
Underlying
Accenture Plc Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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