Accenture: Digital consulting? No problem!

The company's upcoming results, which will be released on June 20, could reverse the current selloff, which was driven by past results. These have sent the company lower and lower despite the fact that its digital services business is perfectly healthy. How is one of the largest consulting and outsourcing companies in the market currently doing?

The Dublin-based company has written down a substantial portion of its value over the past few months. In fact, the quarterly results released on March 21 did not please investors much. While earnings per share managed to beat the market consensus, sales fell short by 0.3%. The company mainly lowered its outlook for this year. This was the main reason for the decline.

Another important factor was also that the company has been cutting profit margins for two consecutive years. They were only 10.72% last year compared to, for example, 11.69% in 2021. Implementing AI into its processes and programs is a given, but it requires a lot of effort and a…