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Accenture stock rises despite market downturn, shows solid financial health

EditorLina Guerrero
Published 01/17/2024, 07:25 PM
© Reuters.

NEW YORK - Accenture Plc (NYSE:ACN) showcased resilience in the Technology sector today, recording a rise in its stock price amidst a broader market slump. The company's shares closed at $353.79, marking a modest increase, on a trading volume exceeding one million shares.

Accenture's performance over the past year has been notable, with its stock value climbing more than 24%, surpassing the gains seen in the S&P index. This growth is backed by the company's robust earnings per share (EPS), which currently stands at $10.79.

The company's financial health appears solid, with a quick ratio of 1.33 reflecting its ability to cover short-term obligations. This financial indicator is a testament to Accenture's strong liquidity position.

Accenture's global workforce of approximately 733,000 employees is a cornerstone of its expansive operations, which contribute to its substantial presence in the technology services industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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