Accenture Plc (ACN): Can This Stock Deliver High Performance Yet Again?

Undoubtedly, both International Business Machines Corp. (NYSE:IBM) and Oracle Corporation (NASDAQ:ORCL) are global leaders in IT service industry and have gained a high level of customer loyalty. This will provide a sustainable recurring revenues for both the companies in the future.

High performance delivered

“As we close out FY13 and prepare for the new fiscal year, our collective mandate is to ‘go for growth.’ As the market continues to change rapidly, we have the opportunity to position Accenture Plc (NYSE:ACN) for growth. I believe that our innovation agenda, diverse portfolio of business, and relentless focus on operating with rigor and discipline will continue to drive our performance,” affirms Nanterme.

This clearly shows that despite the disappointing third quarter results, Accenture’s Chairman looks bullish about the company’s future. I also believe that constant deal wins are a great plus for the company. Also, the company is getting demands from other sectors like healthcare and presently it has started focusing on the data center business to bag bigger deals.

Overall, increased profitability and revenue base remain pretty strong for Accenture Plc (NYSE:ACN). With its aggressive share repurchase programs, the stock price is likely to increase, and I would suggest a buy at the present prices. I truly believe that Accenture still has the potential to live up to its tag line and deliver high performance once again in the future.

Rishabh Jain has no position in any stocks mentioned. The Motley Fool recommends Accenture. The Motley Fool owns shares of Broadridge Financial Solutions, International Business Machines (NYSE:IBM)., and Oracle..

The article Can This Stock Deliver High Performance Yet Again? originally appeared on Fool.com.

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