Some snips from the Wall Street Transcript's article entitled:
Strong Investor Interest in Offshore Sector
Wednesday August 23, 9:10 am ET
Interview with analysts Edward S. Caso Jr., Wachovia Securities; Anurag Rana, Keybanc Capital Markets
The Wall Street Transcript: Anurag, what are your top names that you would point investors toward at this juncture?
Mr. Rana: In the large cap area, Accenture is one. Some of the smaller names are Keane, MAXIMUS and PTI. There are a couple of other names that are not in the pure IT outsourcing or the IT consulting world, and one of those is a small company called IHS (IHS). But essentially, all the others that I mentioned would be my top picks. Another name would be MasterCard (MA).
The Wall Street Transcript: Ed, what are the names that are at the top of your recommended list at this point?
Mr. Caso: At this point, our large cap name would be Accenture. We believe that they have come out of a difficult period, and it is the franchise on the commercial side. They have made the investments offshore, so we have an Outperform rating on Accenture at this time.
On the offshore side, Cognizant Technology has been an Outperform-rated stock for us for a long time, and we see no letup in their business. We believe that they have the right business model, and they are in a position where business will flow for the next several years.
In the smaller mid-cap area, we see opportunity for stories that may be a little out of sync that are on the mend or have the potential to be on the mend. On the commercial side, we agree that Keane has some very compelling risk/reward opportunities.
And in the government space, there is CACI International (CAI) as well. We believe that their quarterly revenue and earnings trends will improve in the coming quarters.
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