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4.71.7K Ratings

🗓️ 17 December 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Accenture hits a new high after crushing 1st-quarter results. Tim Beyers analyzes the global consulting firm, shares why “load factor” is a key metric for the airline industry, and wonders why Twitter keeps changing its mind on what it wants to be.

Holiday Song - “How Do You Spell Channukkahh” by The LeeVees

Transcript

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0:00.0

It's Thursday, December 17th.

0:04.0

Welcome to Market Fullry.

0:05.0

I'm Chris Hill joining me from Snowy, Colorado.

0:09.0

It's Tim Byers.

0:10.0

Good to see you.

0:11.0

Good to see you too, sir. We've got some news out of Boeing. We have some I'm going to call it sort of news out of Twitter. We'll get to that in a minute but we're going to start with a global consulting firm Accenture. a lot of companies are still not offering any guidance at all.

0:34.0

Essentially also raised their guidance for the full fiscal year.

0:37.8

Yeah, it's looking pretty good here, Chris.

0:39.8

I mean, this is a company that as a consulting firm it's often forgotten that this

0:46.1

these guys have an army of developers who are working on cloud projects around the

0:52.0

world I think maybe one of the hidden

0:54.7

pieces of Accenture, although maybe it's hiding in plain sight here, they do a lot of

0:59.3

teams integration. They are a big Microsoft consulting partner and so for large companies

1:06.2

that are implementing the Zoom alternative that we call teams, boy, Accenture gets a lot of work on this and in the latest quarter Chris. I mean, I know

1:16.1

this doesn't sound like a big number, but if you are a multinational company and your average

1:21.9

quarter is, you know know over a billion dollars three and a half

1:25.8

percent year over year revenue growth especially in the middle of a pandemic

1:29.6

that's pretty darn good and that really that crushed the the average estimate here

1:35.2

this company generates cash flow it generates profits I mean these guys are

1:40.4

killing it and you know so the the pride of Ireland

1:45.5

Accenture is is doing incredibly oh people don't know that people don't know that

1:50.5

that the Accenture is headquartered in Ireland, but they are they are

...

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