Short Term: Accenture Limited ACN

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Short Term Accenture LimitedACN

• Artem Kaikov
• Edward Zhao
• Parag Mathur

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What is Accenture?

• Management consulting, technology services
  outsourcing organization
• Operating Groups
• Communications High Tech
• Financial Services
• Products
• Public Service
• Resources
• Market leader in procurement outsourcing
  services- 95 market share
• Net revenues 21.58 billion (fiscal year ended
  Aug. 31, 2009)

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Past Performance
Support 35.67Confluence 11
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Fundamental Analysis

• Ratios
• Cash flow generation strong despite recession
• Recent USD trends to benefit growth and EPS
• EPS Strength -Benefits from
• restructuring actions
• discretionary cost controls
• increased offshore leverage
• improved contract profitability

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Technical Analysis

• When to sell? Assuming it is bought at 38
• Stock TA
• Extended high RSI and Stochastics indicate strong
  bullish trend (RSI 65.25, Stochastics high 90s)
• 3 hurdle rate sell at 25 x 1.03 39.14
• 5 hurdle rate sell at 25 x 1.05 39.90
• Our recommended stop-loss is 35.50 as soon as
  it crosses the strongest support line of 35.67

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Risks

• Weak consulting business
• Questionable Business Model
• Near its 52 week high
• Overpriced/Overbought

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Questions

• Any Questions?

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• Thank You.