The stock market has taken [ACN to the wood shed](https://userupload.gurufocus.com/2067772463433031680.png). Down 18% today! Down 70% from its high and -58% in a year. Forward PE of 9 basically saying that the company will never grow from here. Yet it delivered operating earnings growth of 7% y/y.
Enterprises’ strong demand to integrate AI into their IT systems should provide a lasting growth tailwind for Accenture. Accenture’s vast resources and scope make it uniquely positioned to meet the most challenging digital transformation needs, which deepens valuable client relationships. ACN has unparalleled brand power among prime IT business consultants. Brand power plays an important role when C-suites choose a consulting services provider because the services offered by consultancies are relatively abstract. ACN remains the preeminent IT consultancy for the global blue-chips.