Here is a quick look at how well the stock of select large public consulting companies has done in the last 12 months compared to each other.
In short, all firms have seen significant appreciation in stock price since last June. Larger firms like IBM and Accenture have posted respectable returns; however, they were dwarfed by the massive gains of Indian Pure Plays like Infosys and Wipro, high-growth firms like EPAM, and other smaller providers like CapGemini.
You have done well if you hold shares in these companies or get paid in stock of these companies as an employee. Future growth prospects remain strong in professional services. However, several headwinds exist, like the massive labor shortages in the consulting market and the impact of economic factors like inflation.
Nevertheless, the continued move to the cloud, accelerated digital transformation, cybersecurity threats, upcoming 5G/edge computing opportunities will only accelerate the consulting business globally.
In short, all firms have seen significant appreciation in stock price since last June. Larger firms like IBM and Accenture have posted respectable returns; however, they were dwarfed by the massive gains of Indian Pure Plays like Infosys and Wipro, high-growth firms like EPAM, and other smaller providers like CapGemini.
You have done well if you hold shares in these companies or get paid in stock of these companies as an employee. Future growth prospects remain strong in professional services. However, several headwinds exist, like the massive labor shortages in the consulting market and the impact of economic factors like inflation.
Nevertheless, the continued move to the cloud, accelerated digital transformation, cybersecurity threats, upcoming 5G/edge computing opportunities will only accelerate the consulting business globally.