Wide-Moat Accenture Bridges Problems, Solutions
This IT services company has a moaty combination of intangible assets and versatile expertise.
Accenture (ACN) is one of the largest IT services company in the world, providing both consulting and outsourcing capabilities. We think that Accenture’s growth will remain at a healthy and gradual pace, rather than experience a massive uptick. Still, with Accenture’s prominent reputation, which we believe to be crucial to the consulting business, and Accenture’s proven ability to bring expertise to a gamut of enterprise issues, we are confident Accenture will maintain its wide-moat business.
In both the company’s consulting and outsourcing divisions, Accenture has stressed the increasing portion of its business as “the New.” This includes the firm’s digital marketing agency, Accenture Interactive, as well as its Applied Intelligence, supply chain, cloud, and security services. In our opinion, however, there is always something new in the realm of enterprise technology to keep Accenture relevant and engaged with its most important customers.
Julie Bhusal Sharma does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.