Accenture was established as a technical division of the accountancy firm Arthur Andersen, but in 1989, it became an independent company. In case you don’t know, Accenture is the abbreviation of “the accent of the future”. Accenture, a global consultancy company with 492,000 employees in more than 120 countries, presents a variety of strategic, consulting, digital, technology, and business services and solutions.

In an article, Aoris Investment Management highlighted why you should consider adding Accenture to your portfolio:

“Accenture is the world’s largest IT consulting and outsourcing company. It has $6 billion of cash on its balance sheet and negligible debt. It has unusually stable management, with an average tenure of the top 5000 executives of 15 years. Accenture has an outstanding record over the last decade of consistently taking market share, drawing on its enormous benefits of size and scale and leadership.

Over the next 6–18 months, some of Accenture’s consulting engagements will likely be deferred. On the other hand, many of Accenture’s large private and public sector clients will emerge from this period with new problems to be solved, such as the IT infrastructure to better enable safe and productive working from home in the future. We expect Accenture to take market share at an accelerating rate and have additional opportunities for sensible bolt-on acquisitions that add discrete capabilities.”