Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Accenture vs. DXC Technology: Which IT Services and Consulting stock is a Better Buy?

Published 12/17/2021, 03:32 PM
Updated 12/17/2021, 04:31 PM
© Reuters.  Accenture vs. DXC Technology: Which IT Services and Consulting stock is a Better Buy?

With rapid digital advancements and the increasing adoption of remote work, the demand for IT services and consulting is expected to rise. Accenture plc (NYSE:ACN) and DXC Technology (DXC) should benefit from the industry tailwinds. But which of these two stocks is a better buy now? Read more to find out.Professional services company Accenture plc (ACN) provides strategy and consulting, interactive, and technology and operations services worldwide. In addition, the company offers cloud, marketing, supply chain management, and sustainability services. On the other hand, DXC Technology Company (NYSE:DXC) provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services, and Global Infrastructure Services.

Amid the rising adoption of advanced technologies, the IT services and consulting market is expected to grow exponentially. Moreover, as governments worldwide are reinstating lockdown and travel bans to limit the spread of the highly transmissible omicron variant of the coronavirus, the demand for IT services and consulting is expected to rise further in the near term, owing to increasing dependence on hybrid working models. According to a Gartner , Inc. (NYSE:IT) report, worldwide IT services spending is expected to reach $1.2 trillion in 2021, representing a 9.8% increase from 2020. Therefore, both ACN and DXC should benefit.

ACN has gained 61.9% over the past year, while DXC has returned 36.3%. Also, ACN’s 53.4% gains year-to-date are significantly higher than DXC’s 22.1% returns. Moreover, ACN is the clear winner with 52% gains versus DXC’s 11.1% returns in terms of the past nine months’ performance.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.