2024-06-20 10:26:20 ET
Summary
- Accenture plc delivered strong results with a 22% increase in new bookings, surprising investors.
- Despite a high valuation at 23x next year's EPS, Accenture's solid balance sheet and shareholder returns make it an attractive investment.
- The company's growth prospects, industry expertise, and commitment to innovation justify the premium valuation and support a bullish outlook.
Investment Thesis
Accenture plc ( ACN ) delivered exceptionally strong Q3 2024 results , with new bookings increasing by 22% y/y, marking the highest growth in new bookings over the past two fiscal years....
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For further details see:
Accenture Earnings Shock: Why My Pessimism Didn't Pay Off (Rating Upgrade)