New York, October 18 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities report on Computer Services & IT Consulting.
In a research note published on October 17, the analysts mention that steady augmentation of outsourcing offset softness in consulting. Detailing it, due to the softness in consulting from the segment of GBS, International Business Machines Corporation {(NYSE: IBM) (Buy, USD211)} reported services revenues of $14.4 billion (flat cc), a tad below the consensus of $14.7 billion.
Optimistically, guided by outsourcing which increased 30 percent Y/Y, stronger than anticipated bookings were posted International Business Machines Corporation. In addition to this, weakness in packaged executions, which CAN (Buy, USD70.75) visibly has not observed lately posting solid demand for implementations of ERP and transformation on its September 27 earning’s call of fourth quarter {Accenture plc (NYSE: ACN) is noticing International Business Machines Corporation less in consulting transactions}. In addition to this, clear market share gains of the Accenture plc is emphasized by its consulting stabilization and above-industry growth, recommended from its latest results and analyst day held last week on October 11.
Besides, Cognizant Technology Solutions Corporation {(NASDAQ: CTSH) (Buy, USD70.25) moves up the value chain reflected in its anticipated 2012 above-industry growth (20 percent in opposition to Nasscom’s estimate of 11 percent to 14 percent), due to this, Cognizant also carries on gaining share. Moreover, in BUY-rated Accenture plc and Cognizant Technology Solutions Corporation, confident stays in spite of mixed services quarter of International Business Machines Corporation, the analysts add further.
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