Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. The company's Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries. Its Health & Public Service segment provides research-based insights and offerings, including consulting services and digital solutions to help clients deliver social, economic, and health outcomes; and serves healthcare payers and providers, as well as government departments and agencies, public service organizations, educational institutions, and non-profit organizations. The company's Products segment helps clients enhance their performance in distribution, sales, and marketing; in research and development, and manufacturing; and in business functions, such as finance, human resources, procurement, and supply chain. This segment serves clients in consumer goods, retail, and travel services industries; automotive, freight and logistics, industrial and electrical equipment, consumer durable and heavy equipment, and construction and infrastructure management companies; and pharmaceutical, medical technology, and biotechnology companies. The company's Resources segment enables clients to develop and implement new business strategies, improve operations, manage complex change initiatives, and integrate digital technologies; and serves clients in chemicals, energy, forest products, metals and mining, and utilities and related industries. Accenture plc was founded in 1989 and is based in Dublin, Ireland. Tech consultancy has come of age and emerging into the most thriving industry, which is led by Accenture. With a lucrative 40% plus ROE and sustained earnings growth, the stock is currently the best bet for tech investors - hits a new high following release of these impressive figures.
The latest forecast for worldwide IT spending by Gartner gave some optimism about Accenture’s near-term performance. The research firm expects worldwide IT spending to grow 4.5% to $3.7 trillion in 2018. According to John-David Lovelock, research vice president at Gartner, there are 10 markets which is driving digital transformation thereby boosting overall IT spending. Latest rating for ACN: Morgan Stanley gave an “overweight” rating Finstead Research gave a "Buy" rating Pivotal Research gave a "Buy" rating
