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Accenture Ltd.
ACN.NISIN: BMG1150G1116SEDOL: 2763958 |
Rating: HOLD |
Target Price: 34.00 USD |
Investment Horizon: 6 to 12 months |
3Q 09 News Alert
Accenture Ltd.'s (Accenture) 3Q 09 revenues were in line with our and Management's expectations. The company expects FY 2009 top-line to be flat or witness marginal growth y-o-y on a constant currency basis. Operating margin is expected to be at the lower end of the previously guided range while EPS guidance has been revised marginally upwards, expected to be driven by Accenture's ongoing share repurchase program....
2Q 09 Update Report
Accenture is expected to continue to witness a difficult operating environment as the economic downturn in the US poses tough challenges. However, the reduced pressure on salary increases attributable to a soft labor market and the controlled attrition rate will sustain margin expansion, going forward. In addition the company’s ongoing share repurchase program coupled with healthy profitability will drive bottom-line growth....
1Q 09 Update Report
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Accenture Ltd.’s (Accenture) 1Q 09 revenue was below our and Management’s expectations for the quarter. However, bottom-line exceeded our expectations, reflecting healthy growth in profitability, a lower effective tax rate, and supported by the company’s ongoing share repurchase program. Management has revised its FY 2009 revenue guidance downwards to reflect an uncertain operating environment. In addition, foreign…
1Q 09 News Alert
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Accenture Ltd.’s (Accenture) 1Q 09 revenue was below our and Management’s expectations. The company has revised its FY 2009 top-line and earnings estimates downwards in light of market uncertainty, which has impacted growth prospects. Going forward, we expect to revise our estimates and rating for Accenture downwards in our next update report. However, given current price levels, we maintain a BUY rating for the NYSE common stock....
4Q 08 Update Report
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Accenture Ltd.’s (Accenture) 4Q 08 revenues were in line with our expectations and within Management’s guided range for the quarter. Bottom-line was also in line with expectations and increased y-o-y, driven by revenue growth and cost management efforts. Although foreign exchange is likely to negatively impact FY 2009 top-line, Management has provided a promising outlook for FY 2009 and stated that the overall business momentum…
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