{"id":524,"date":"2021-05-12T11:55:00","date_gmt":"2021-05-12T03:55:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=524"},"modified":"2025-10-25T11:57:34","modified_gmt":"2025-10-25T03:57:34","slug":"what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/","title":{"rendered":"What kind of company is Accenture, the McKinsey of technology industry?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Contents_related_to_Accenture_in_my_book\" >Contents related to Accenture in my book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Company_introduction\" >Company introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#The_worlds_largest_technology_consulting_company\" >The world&#8217;s largest technology consulting company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#So_far_no_direct_competitor\" >So far no direct competitor<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#A_good_investment_target\" >A good investment target<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Not_famous\" >Not famous<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#My_book_about_Accenture\" >My book about Accenture<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Strong_competitive_advantages\" >Strong competitive advantages<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Obtain_the_latest_technology_through_acquisitions\" >Obtain the latest technology through acquisitions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Core_competitiveness_unique_methodology\" >Core competitiveness: unique methodology<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Amazing_capital_market_performance\" >Amazing capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Durable_long-term_financial_stability\" >Durable long-term financial stability<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Its_dividends_is_not_taxable\" >It&#8217;s dividends is not taxable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Strong_cash_flow\" >Strong cash flow<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Long-term_stock_price_performance\" >Long-term stock price performance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Annualized_return_on_stock_prices_in_past_2_decades_is_1606\" >Annualized return on stock prices in past 2 decades is 16.06%!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Past_5_years_business_growth_rate\" >Past 5 years business growth rate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Recent_years_performance\" >Recent year&#8217;s performance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#2021s_business_performance\" >2021&#8217;s business performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Stock_performance_in_past_year\" >Stock performance in past year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Market_valuation\" >Market valuation<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Contents_related_to_Accenture_in_my_book\"><\/span>Contents related to Accenture in my book<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I introduced the company Accenture (ticker: ACN) in my book, and the content in the book will not be repeated. Investors are invited to refer to the introduction in the special section of my book:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In the 5-5 section of the book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;, pages 239-241: This entire section has a special introduction to the company Accenture.<\/li>\n\n\n\n<li>In section 1-1 of the book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;, page 24: Talking about my history of investing in Accenture.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_introduction\"><\/span>Company introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_worlds_largest_technology_consulting_company\"><\/span><strong>The world&#8217;s largest technology consulting company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Accenture (ticker: ACN) is a very good company, but I found that even the employees of very large companies or large foreign companies in Taiwan, and even senior executives, do not know this company exists. This surprised me. I learned a lot in this company; for example, how to analyze a company, examine its competitiveness, formulate its competitive strategy, and reform its business processes. You guessed it, this is very similar to the work of the analysts from Wall Street. The threshold for hiring employees is very high. Almost all the colleagues in it are elites who graduated from the prestigious Ivy League schools in the United States. The employees are all very good and extremely smart. At the end of 2021, Accenture has 624,000 employees worldwide.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"So_far_no_direct_competitor\"><\/span><strong>So far no direct competitor<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is the world\u2019s largest technology consulting firm, and it&#8217;s often called the McKinsey of technology industry. The market\u2019s valuation has always been very high. Compared with the valuations of large software vendors such as Microsoft (ticker: MSFT), Facebook (ticker: META), or Alphabet (ticker: GOOGL and GOOG), there has been nothing less. Accenture\u2019s business spans corporate restructuring, business process planning, core business outsourcing, and the introduction of the latest technology; however, its core value is mainly focused on process implementation. Compared with the two major consulting companies that most people know, McKinsey or Boston Consulting Group (BCG), they are more focused on strategic planning. These two are usually not responsible for implementation or actual process rollout. For example, it is Accenture\u2019s job is to find a consultant team to review, change, and re-design the company\u2019s processes one by one.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_good_investment_target\"><\/span><strong>A good investment target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Not_famous\"><\/span>Not famous<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is a good company and a good investment target, but few people in Taiwan discuss it. In my impression, the financial media only mentioned Accenture in a report about three or four years ago that Accenture was one of the top performed stocks in the U.S. stock market at that time. But it is a well-known company among the large European and American companies, as well as the management class of all large listed companies, because it may be the last resort to save company. The latest piece of news is that Accenture has contracted the US government&#8217;s digital currency project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_book_about_Accenture\"><\/span>My book about Accenture<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In my recent book, I discussed Accenture as a company. In section 1-1 of my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;, pages 023-024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_competitive_advantages\"><\/span>Strong competitive advantages<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Obtain_the_latest_technology_through_acquisitions\"><\/span><strong>Obtain the latest technology through acquisitions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Accenture obtains the latest technology and employees with new technology through small mergers and acquisitions, because this is the main purpose of large companies hiring Accenture for projects. Basically, Accenture only works on projects for the world\u2019s top 500 companies. Because of its high asking price, small and medium-sized enterprises simply cannot afford it. Taiwan\u2019s only TSMC has been its customer for a long time. However, Accenture\u2019s internal competition is very fierce. As long as there is no project in hand, employees will soon be dispatched. Therefore, employees who are acquired by mergers and acquisitions cannot stay for a long time. This is also because its employees will not rapidly expand, and of course it will not  substantial increase in costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Core_competitiveness_unique_methodology\"><\/span><strong>Core competitiveness: unique methodology<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is not a problem for the incorporated employees to adapt to Accenture\u2019s culture after acquired, because Accenture\u2019s own expertise is to assist companies in corporate reorganization and process reorganization. Accenture has a very strict methodology when carrying out projects. There are ways to do anything big and small (including how employees wear clothes). This is its core value. All employees must abide by it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Amazing_capital_market_performance\"><\/span>Amazing capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Durable_long-term_financial_stability\"><\/span>Durable long-term financial stability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Its_dividends_is_not_taxable\"><\/span><strong>It&#8217;s dividends is not taxable<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><a href=\"https:\/\/corporateofficeheadquarters.org\/accenture\/\" target=\"_blank\" rel=\"noreferrer noopener\">Accenture is registered in Ireland<\/a> and is not a U.S. company, so dividends will not be withheld by the U.S. government at 30%. Accenture went public on the U.S. stock market in July 2001, began to pay dividends as soon as it went public, its yield rate is considered a relatively high group in the technology industry.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_cash_flow\"><\/span><strong>Strong cash flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In addition to sales growth, Accenture has steadily improved its profits.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th scope=\"col\">Profitability Metrics<\/th><th scope=\"col\">2017<\/th><th scope=\"col\">2018<\/th><th scope=\"col\">2019<\/th><th scope=\"col\">2020<\/th><th scope=\"col\">2021<\/th><th scope=\"col\">Growth<\/th><\/tr><tr><td>Net income (billions)<\/td><td>$3.44<\/td><td>$4.06<\/td><td>$4.78<\/td><td>$5.10<\/td><td>$5.90<\/td><td>14.14%<\/td><\/tr><tr><td>Free cash flow (billions)<\/td><td>$4.45<\/td><td>$5.40<\/td><td>$6.02<\/td><td>$7.61<\/td><td>$8.40<\/td><td>17.21%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-term_stock_price_performance\"><\/span>Long-term stock price performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annualized_return_on_stock_prices_in_past_2_decades_is_1606\"><\/span><strong>Annualized return on stock prices in past 2 decades is 16.06%!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>But because it is not a US company and the company is very low-key, it is usually not a very hot stock. However, the return on investment in it is very high, the <a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/18\/investors-should-pay-attention-to-the-annualized-rate-of-return-irr-how-to-calculate\/\" target=\"_blank\" rel=\"noreferrer noopener\">annualized rate of return (aka IRR) <\/a>since the listing is as high as 16.06% (until 5\/11\/2021). The following figure is the stock price trend chart of Accenture since its listing, and the stock price trend has been stable and upward for a long time (July 2001 to May 2021).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"605\" height=\"324\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-4.png\" alt=\"\" class=\"wp-image-538\" srcset=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-4.png 605w, https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-4-300x161.png 300w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Past_5_years_business_growth_rate\"><\/span>P<strong>ast 5 years business growth rate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th scope=\"col\">Revenue Metrics<\/th><th scope=\"col\">2018<\/th><th scope=\"col\">2019<\/th><th scope=\"col\">2020<\/th><th scope=\"col\">2021<\/th><th scope=\"col\">2022 (est)<\/th><\/tr><tr><td>Revenue (billions)<\/td><td>$41.0<\/td><td>$43.2<\/td><td>$44.3<\/td><td>$50.5<\/td><td>&#8211;<\/td><\/tr><tr><td>Year-over-year growth<\/td><td>13.57%<\/td><td>5.36%<\/td><td>2.54%<\/td><td>14.00%<\/td><td>19%-22%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_years_performance\"><\/span>Recent year&#8217;s performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2021s_business_performance\"><\/span><strong>2021&#8217;s business performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The type of business, and revenue ratio:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consulting 54.06%<\/li>\n\n\n\n<li>Outsourcing 45.94%<\/li>\n<\/ul>\n\n\n\n<p>Client industry, and revenue ratio:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Communications, Media&nbsp;&amp; Technology 20.4%<\/li>\n\n\n\n<li>Financial Services 19.6%<\/li>\n\n\n\n<li>Health&nbsp;&amp; Public Service 18.8%<\/li>\n\n\n\n<li>Products 27.7%<\/li>\n\n\n\n<li>Resources 13.7%<\/li>\n<\/ul>\n\n\n\n<p>98 of the top 100 customers in fiscal 2021 have been with them for more than 10 years\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stock_performance_in_past_year\"><\/span><strong>Stock performance in past year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>3\/2\/2022 data<\/td><td>Number<\/td><\/tr><tr><td>Stock price<\/td><td>318.33<\/td><\/tr><tr><td>Market capitalization<\/td><td>209.55 billion<\/td><\/tr><tr><td>P\/E<\/td><td>33.11 (same as Microsoft)<\/td><\/tr><tr><td>Dividend yield<\/td><td>1.22%<\/td><\/tr><tr><td>Stock performance in past year<\/td><td>25.24%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_valuation\"><\/span><strong>Market valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>It is a very stable large-scale technology growth stock. The following table is a comparison among four big companies, Accenture, Microsoft, Alphabet and Facebook:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Company<\/td><td>Accenture<\/td><td>Microsoft<\/td><td>Alphabet<\/td><td>Facebook<\/td><\/tr><tr><td>Stock price (5\/19\/2021)<\/td><td>280.97<\/td><td>280.97<\/td><td> 2,271.5 <\/td><td> 313.59 <\/td><\/tr><tr><td>Market Cap (5\/19\/2021) US$ billion<\/td><td>1,78.598 <\/td><td> 1,831 <\/td><td> 1,536 <\/td><td> 889.172 <\/td><\/tr><tr><td>P\/E ratio<\/td><td> 33.25 <\/td><td> 33.13 <\/td><td> 30.27 <\/td><td> 26.87 <\/td><\/tr><tr><td>Dividend yield<\/td><td> 1.24% <\/td><td> 0.92% <\/td><td>N\/A<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"81\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/09\/ac-1600x1200-1.jpg\" alt=\"Accenture\" class=\"wp-image-14244\"\/><figcaption class=\"wp-element-caption\">credit: wikimedia<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/12\/what-kind-of-company-is-accenture-the-mckinsey-of-technology-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;What kind of company is Accenture, the McKinsey of technology industry?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/16\/ibm-cloud\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does IBM make money? What&#8217;s next?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/14\/discussion-on-partnership\/\" target=\"_blank\" rel=\"noreferrer noopener\">A brief discussion on partnership<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/13\/there-are-indeed-monopoly\/\">There are indeed monopoly in this world<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/24\/innodata-road-to-fame\/\">Innodata road to fame<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It is the world&#8217;s largest technology consulting firm, often called the McKinsey of the technology industry, and has not had competitors of the same level since its establishment more than 30 years ago<\/p>\n","protected":false},"author":1,"featured_media":14244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1295,163,114,122],"tags":[166,167,97,95,3,562],"class_list":["post-524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consulting-firm","category-dividend","category-new-technology","category-software","tag-acn","tag-bcg","tag-goog","tag-googl","tag-msft","tag-mvrs"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=524"}],"version-history":[{"count":44,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/524\/revisions"}],"predecessor-version":[{"id":39621,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/524\/revisions\/39621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/14244"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}