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Accenture plc Message Board

  • dws.redsonja Apr 30, 2011 6:50 PM Flag

    Weekly Roundup Jim Cramer 04/29/11 - 07:22 PM EDT

    Accenture (ACN:NYSE, $57.13, 1,600 shares, 2.81%) INDUSTRY SECTOR -- TECHNOLOGY: Accenture and Nokia (NOK:NYSE) announced plans for a strategic collaboration in which Nokia will outsource its Symbian software activities and transition about 3,000 employees to Accenture. The partnership also includes plans for Accenture to provide Nokia with mobility software, business and operating services around the Windows Phone. Initially, this deal could add $200 million to annual revenue (not a needle-mover for Accenture). That said, it is part of an important growth initiative for the company to expand in cloud computing, analytics, ERP and mobility. This will also help Accenture expand geographically. I remain very bullish on this position and am looking for a "red" day to continue to build. Trading at 15x forward estimates, shares are cheap relative to the 19x average. My target is $70.

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