With weak IT spending in hardware and software, it shouldn't come as a
huge surprise that conditions have softened in the service area as well.
That's bad news for Accenture (NYSE:ACN), as well as rivals like IBM (NYSE:IBM) and Cognizant (Nasdaq:CTSH),
and Accenture is seeing both sluggish bookings in consulting as well as
a slower process of converting those bookings into revenue. While
current conditions aren't the best, Accenture is a company built to win
over the long term, and today's valuation is interesting for investors
willing to be patient during this downturn.
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http://www.investopedia.com/stock-analysis/062813/weak-consulting-stings-accenture-valuation-interesting-acn-ibm-ctsh-infy.aspx
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