Q: Since the great earnings report and making new highs the SP seems to be pulling back quite a bit. As a very long time holder, should I be concerned? I know that many times a drop like this precludes some sort of bad news that as yet has not been disclosed. Thanks for your continued great service.
5i Research Answer:
GIB. A's share price has been under pressure recently after the earning announcement of ACN – one of its largest competitors, as ACN lowered its full-year revenue outlook, and the market is worried the same hing would happen with GIB.A. That said, we think GIB. A is a long-term beneficiary of the AI adoption, which is expected to accelerate GIB.A’s revenue growth over the long term. We don’t think anything has fundamentally changed at GIB.A., and we remain comfortable to hold here for the long term.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ACN.