Let’s dig into the relative performance of Accenture (NYSE:ACN) and its peers as we unravel the now-completed Q4 it services & consulting earnings season.
What a fantastic six months it’s been for Kyndryl. Shares of the company have skyrocketed 44.9%, hitting $34.22. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Gartner (NYSE:IT) and the rest of the it services & consulting stocks fared in Q4.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at it services & consulting stocks, starting with Grid Dynamics (NASDAQ:GDYN).
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Furthermore, the demand for their offerings is rising as more clients outsource non-core functions,
a trend that has enabled the industry to return 6.8% over the past six months.
At the same time, the S&P 500 was up 3.6%.
Stocks were volatile this week as bad news gave investors a reason to sell; that volatility will continue next week with key retail earnings and inflation news
Kyndryl's major partnerships with Palo Alto Networks, Microsoft, and others, combined with its rapidly growing Consult business, fuel analyst optimism.
Kyndryl expands partnership with Nokia (NOK) to offer advanced data center networking solutions and services for global enterprises, leveraging AI and machine learning.
