Accenture (ACN) Quarter Was 'So Beautiful': More Squawk From Jim Cramer - TheStreet

NEW YORK (TheStreet) -- Shares of Accenture (ACN) - Get Report were jumping 5.73% to $123.33 in mid-morning trading on Thursday after the company reported earnings and revenue that beat analysts' expectations for the 2016 fiscal fourth quarter.

The "Accenture quarter was so beautiful," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

"(They) are just the go-to guy when you can't figure out how to get on the cloud. When you try to go on the cloud you can't just say 'hey, we're going to go to the cloud.' You say let's bring in Accenture," Cramer said.

Additionally, he said the Accenture number is about "trying to figure out how to have a cloud strategy."

"They are so well run," Cramer contended.

Additionally, PepsiCo (PEP) and ConAgra Foods (CAG) reported strong quarterly results this morning.

"Pepsi looked great, Accenture looked great, ConAgra (had) good margin expansion, 3 for 3, can't ask for more especially when everyone is so negative," Cramer said.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on Accenture stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance.

The team believes its strengths outweigh the fact that the company shows low profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: ACN

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