Keeping with that cash-rich theme brings us to Accenture (ACN), one of the biggest consulting firms on the globe. Accenture sports a $5.68 billion cash position, with zero debt on its balance sheet. That's $8.31 per share in cold, hard cash -- a balance sheet position that takes a material chunk of risk out of shares.
Accenture counts 96 of the world's 100 biggest companies among its clients, with a geographic footprint that spans 50 countries. As a technology and outsourcing consulting firm, ACN is all about service -- and the firm's huge net cash position is the result of deep net margins and cash flows that only service companies are capable of generating.Post-recession, some consulting firms have been challenged to justify their hefty fees. Accenture does it through increased efficiency or revenue-generation ideas -- and its strong pipeline is a testament to that fact, particularly in recent years when companies have been trimming discretionary spending. The firm's ideas directly impact clients' ability to make money. With rising analyst sentiment in ACN, we're betting on shares this week.
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