S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Cramer Likes Accenture Over EDS

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Cramer talked about 2 savage American IT consulting and 2 outsourcing companies in India.  Cramer is saying this is a match against the two groups to see who is better.  They are all fighting for a larger piece of the pie.

Accenture (ACN) and EDS (EDS) are the American plays here.  Wipro (WIT) and Infosys (INFY) are the Indian plays.

Accenture (ACN) has people in all parts of the industry.  Cramer says that Accenture is a better buy than EDS with its 30,000 people.  Its earnings were up 32%, and it has over 12% consulting growth.  Accenture (ACN) was up 1.3% at $37.58, close to the $38.00 high over the last 52-weeks.  EDS owns 30% of an outsourcing company in india, but it shouldn’t be bought for that.  Cramer also said don’t worry about looking at metrics other than earnings and earnings growth, because the assets are their employees who all leave the front door at night.

Jon C. Ogg
January 16, 2007

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Cramer’s Outsourcing Tie

Cramer talked about 2 savage American IT consulting and 2 outsourcing companies in India.  Cramer is saying this is a…
Douglas A. McIntyre |

Cramer Prefers Infosys Over Wipro

Cramer talked about 2 savage American IT consulting and 2 outsourcing companies in India.  Cramer is saying this is a…
Jon C. Ogg |

Business is Good for IT Outsourcers (INFY, WIT, IBM, CSC, CTSH, ACN)

India’s Infosys Technologies Ltd. (NASDAQ: INFY) reported second-quarter earnings today, and EPS came in more than 10% higher than in…
IT Tech Spending Going Higher: 3 Stocks to Buy That Could Benefit
Lee Jackson |

IT Tech Spending Going Higher: 3 Stocks to Buy That Could Benefit

Today companies can ill afford to fall behind their competition, and the increased IT spending shows that few are willing…
Jon C. Ogg |

Indian IT Outsourcing Woes Continue (WIT, INFY, CTSH, IBM)

Wipro Ltd. (NYSE: WIT) is following the same lead as was recently set by Infosys Ltd. (NASDAQ: INFY). The Indian…
Douglas A. McIntyre |

H-P Confirms EDS Talks, Who’s Next? (EDS, HPQ, ACN, CSC, ACS, PER, UIS, ACXM, BE)

As traders look to the news covering whether or not Electronic Data Systems Corporation (NYSE: EDS), there was a release…
Douglas A. McIntyre |

ACN: Did Accenture’s Guidance Increase Fall Short of Analyst Estimates?

By William Trent, CFA of Stock Market Beat Accenture Reports Strong Second-Quarter Fiscal 2007 Financial Results: Financial News – Yahoo!…
Accenture Earnings Wow Investors
Chris Lange |

Accenture Earnings Wow Investors

Accenture reported its fiscal fourth-quarter financial results and hiked its dividend before the markets opened on Thursday.
Douglas A. McIntyre |

Cramer Says DJ Orthopedics is a Good Crutch

Cramer was discussing the resurgence of knee braces on sports players. He noted that orthopedic companies are going after companies,…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618