Investopedia: Does The Market Expect Trouble At Accenture?

Sometimes, investors should step back and compare the conventional wisdom on a story with what actually seems to be in the price. Accenture (NYSE:ACN) has long been called a Wall Street "darling" as it is arguably the most well-respected name in global consulting and outsourcing. Yet, despite this love and despite the ongoing growth in its core markets, Accenture's current share price does not seem overvalued at all.

A Surprising Cap to the Year  
Accenture ended the year on a strong note. Reported revenue rose 23%, or 14% in local currency, from last year's level and stayed flat on a sequential basis. Growth was pretty consistent across all of the categories - consulting was up 25% annually and down 2% sequentially, while outsourcing was up 21% annually and up 2% sequentially. Across the major market categories, growth was generally in the 20%+ range (except for the health/public service category), though financial services was a little soft on a sequential basis.

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