How to buy Accenture shares?
Accenture is an international company offering IT services and consulting. With IT playing an increasingly important role in the world, an investment in Accenture stock can work out well. In this article, we discuss how you can invest in Accenture shares yourself.
Where can you buy Accenture stocks?
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What is Accenture’s stock price?
Are you curious about how the Accenture stock price is developing? The graph below shows the price at which you can buy and sell Accenture shares:
About the company Accenture
The company Accenture is an internationally renowned management consulting firm that offers services in the areas of technology, management and outsourcing. These services are offered in various branches of industry. The international headquarters of this company, which operates in 52 countries, is in Dublin, Ireland.
Accenture, founded in 1989, began as the consulting arm of a company called Arthur Andersen in 1953. When the consultancy arm separated from the Arthur Andersen company in 1989, the name of the new company was Andersen Consulting.
A dispute arose in the 1990s over the fact that Andersen Consulting, the more profitable of the two firms, had to pay 15% of its profits each year to the Arthur Andersen firm. This was agreed at the time of the separation in 1989. In August 2000, Andersen Consulting severed all contractual ties with Arthur Andersen and had to change the name of the company to Accenture. The name was based on “Accent on the future“, a symbol of the company’s desire to be an international leader in consultancy.
Accenture goes public
Accenture’s initial public offering was on 19 July 2001. At that time, Accenture issued shares in primary issue on the New York Stock Exchange. The opening price of the stocks was 14.50 dollars. The shares were trading at 15.17 dollars at the close of trading. Accenture raised 1.7 billion dollars on the day of the IPO.
Reorganization at Accenture
The consulting and technology company Accenture employs around 500,000 people worldwide. This makes the company one of the largest business service providers in the world.
In response to the global Covid-19 crisis, Accenture launched a major cost-cutting programme in August 2020. The consequence of a large-scale reorganization is that around 25,000 employees will lose their jobs by 2020. The large-scale reorganization is unavoidable, as a significant proportion of the business service provider’s contracts have been postponed or cancelled.
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