- We are in the early innings of a long term trend towards more digital transformation, which I expect to continue for the foreseeable future.
- Leading IT outsourced providers play a critical role in this transformation as they can provide best-in-class functionality to clients for less than it would cost the clients to build internally.
- Furthermore, outsourced providers enjoy powerful operating leverage to industry growth.
- Accenture is a leader in helping clients build their core digital platform, transform operations, and accelerate revenue growth; while CDW is a leader in helping clients plan, design, install, and support their end-user access devices, network/cloud infrastructure, and security.
- Both companies are attractive but valuations are relatively full. I plan to build my positions by buying the stock during market pullbacks.
For further details see:
Accenture And CDW: IT Outsourced Providers That Will Benefit From Continued Growth In Digital Transformation