Accenture Named a Leader in 2022 Gartner® Magic Quadrant™ for Oracle Cloud Applications Services, Worldwide

Rhea-AI Summary

Accenture (NYSE: ACN) has been recognized as a Leader for the fourth consecutive year in Gartner's "Magic Quadrant for Oracle Cloud Applications Services, Worldwide." This assessment evaluates 19 service providers based on their vision and execution capabilities in Oracle Cloud Application services. Gartner projects that by year-end 2024, 75% of Oracle application services revenue will be cloud-related. Accenture's extensive experience with Oracle solutions positions it to deliver significant value to clients, enhancing business outcomes through digital transformation.

Positive

• Accenture named a Leader in Gartner's Magic Quadrant for Oracle Cloud Applications for four consecutive years.
• Strong alliance with Oracle supports clients in achieving successful cloud transformations.
• Extensive global capabilities with thousands of Oracle-skilled consultants enhance market positioning.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- For the fourth consecutive year, Accenture (NYSE: ACN) has been named a Leader in the Gartner “Magic Quadrant for Oracle Cloud Applications Services, Worldwide,” the global research and advisory firm’s annual assessment of Oracle Fusion Cloud Applications service providers. This Magic Quadrant assessed the relative positioning of 19 service providers based on completeness of vision and ability to execute worldwide in delivering the full life cycle of Oracle Cloud Application services.

For the fourth consecutive year, Accenture has been named a Leader in the Gartner “Magic Quadrant for Oracle Cloud Applications Services, Worldwide,” the global research and advisory firm’s annual assessment of Oracle Fusion Cloud Applications service providers. (Photo: Business Wire)

According to the report, “‘By year-end 2024, 75% of Oracle application services revenue will be cloud-related as enterprises accelerate their move to the cloud in response to the massive disruption of the COVID-19 pandemic.” Additionally, “70% of large ERP deployments will be executed by predominantly remote rather than on-site implementation teams,” and, “60% of organizations will select integrated financial management capabilities as their preferred approach to process automation.”

“Accenture’s longstanding alliance with Oracle and our full spectrum of industry and function solutions continue to propel clients around the world to realize the full potential of the cloud, driving better business outcomes across the board. We believe our recognition as a Leader in the Gartner report is a testament to this, and a strong indicator of future success in delivering greater value for customers via Oracle technologies,” said Phillip Hazen, senior managing director and Accenture Oracle Business Group lead.

According to Gartner, “Organizations are looking for a vendor that can support them throughout their cloud adoption journey — from designing the transformation, implementing the solution to ongoing support for their cloud environments. This demands excellent abilities to understand the client’s business requirements and to collaborate in an ongoing way. Vendors that can do both of these in addition to demonstrating excellence in technology enablement are those that are most successful in this market.”

Accenture has deep global capability across a range of Oracle solutions with thousands of Oracle-skilled consultants worldwide who help accelerate digital transformation by implementing Oracle-based business solutions and new business processes that develop and evolve as their digital business grows. Accenture has teamed with Oracle for over 30 years and is a member of Oracle Partner Network. For more information on the Accenture and Oracle relationship, visit www.accenture.com/oracle.

Gartner Disclaimer

GARTNER and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Magic Quadrant for Oracle Cloud Application Services, Worldwide 20 April 2022, by Analyst(s): Gunjan Gupta, Denis Torii, Alan Stanley, Akshit Malik, Rajib Gupta, Eric Cheung

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Trademarks
Oracle, Java and MySQL are registered trademarks of Oracle Corporation.

Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005099/en/

Christina McDonald

Accenture

+1 415 537 7997

christina.mcdonald@accenture.com

 

Source: Accenture

FAQ

What does Accenture's recognition in Gartner's Magic Quadrant for Oracle Cloud Applications mean for ACN investors?

Accenture's recognition as a Leader indicates strong competitive positioning and potential for future revenue growth in cloud services.

How does Gartner's report impact Accenture's market strategy?

The report highlights the importance of cloud adoption, which aligns with Accenture's ongoing digital transformation services.

What projections did Gartner make regarding Oracle application services by 2024?

Gartner projects that 75% of Oracle application services revenue will be cloud-related by year-end 2024.

How many years has Accenture been recognized as a Leader in the Gartner Magic Quadrant?

Accenture has been recognized as a Leader for four consecutive years.