Accenture's (NYSE: ACN) stock price hit an all-time high on Dec. 16 after the IT services giant posted its first-quarter earnings report. Expanding those four growth engines will also widen Accenture's moat against smaller IT rivals like Globant (NYSE: GLOB), which manages websites, mobile apps, digital marketing campaigns, and cloud services for companies. Nonetheless, Accenture's efficient usage of its FCF is a smart strategy, since its stagnant cash holdings will lose value in an inflationary environment.