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Accenture PLC Nov 11
Standard & Poors, Nov 2011
Abstract
Good market position and global scale; Strong and consistent financial performance; and Modest leverage and conservative financial policies. Highly competitive market conditions; Exposure to weakness in IT spending; and Less diverse revenue base than its major peers. The rating on Ireland-based Accenture PLC reflects the company's consistently strong operating performance and modest financial risk profile. Somewhat offsetting these strengths is Accenture's relative concentration in the consulting and systems integration sector, making it susceptible to declines in clients' discretionary IT spending. With annual revenues in excess of $27 billion, Accenture's strong business profile is attributable to its recognized leadership in consulting and IT services, and its established client relationships with the largest global corporations. Growth in new contract signings was strong...
Companies mentioned in this report are: Accenture PLC,Accenture Capital Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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