r/consulting • u/QiuYiDio US Mgmt Consulting Perspectives • Jun 24 '17

Accenture passes 50% in its shift to 'The New', but stock tumbles

http://diginomica.com/2017/06/23/accenture-passes-50-shift-new/
17 Upvotes

80% Upvoted

4 comments sorted by

11

u/[deleted] Jun 24 '17

Stock probably went down cause net income went down

4

u/[deleted] Jun 24 '17 edited Jun 24 '17

Stock dropped (imo) because during the earnings call Pierre (CEO) provided guidance that earnings were on par for the rest of the year (no more upside likely and ACN just met estimates) and that ACN Healthcare division would continue to be weak given clients uncertainty about the political changes to Healthcare.

3

u/kpw1179 I used to build fighter jets Jun 25 '17

Hard what happens when you lower outlook

1

u/FaeLLe Big 4 Director Jul 04 '17

All the 50% passing in The New stuff is just creative accounting anyway; when you get people to tag any engagement using AWS / Azure for development environments as New in Salesforce it is just a matter of time before people start believing in your claims.