Accenture PLC - ACN STOCK NEWS

Accenture (NYSE: ACN) has announced its acquisition of Flutura, an industrial AI company based in Bangalore, India. This strategic move aims to enhance Accenture's industrial AI services, improving plant, refinery, and supply chain performance while helping clients meet net zero goals. Flutura's approximately 110 professionals specialize in industrial data science, offering advanced analytics solutions to optimize asset performance and energy efficiency. The integration of Flutura's AI platform is expected to benefit various sectors, including energy, chemicals, metals, and pharmaceuticals. Financial terms of the deal remain undisclosed.

Accenture Federal Services has secured a $380 million contract from U.S. Customs and Border Protection (CBP) for IT infrastructure operations and modernization. This award will enhance technology support across multiple CBP programs, vital for safeguarding U.S. borders and facilitating lawful travel and trade. Accenture has a long-standing relationship with CBP, assisting with operations for nearly 20 years and currently engaged in phase two of the Data Center Support Services initiative. The work will take place across CBP’s headquarters, divisions, and data centers, ensuring optimized performance through regular assessments.

Accenture (NYSE: ACN) has partnered with TELUS (NYSE: TU) to develop a next-generation entertainment and digital life platform aimed at enhancing TELUS's television business. The new platform enables access to TV and OTT content through any device, incorporating future technologies like 5G and IoT for innovative home and gaming services. Accenture's support includes cloud-native software engineering and expertise in product transformation, positioning TELUS as a software-driven organization while improving customer experiences in content consumption. This collaboration positions TELUS to adapt to evolving customer needs and new revenue opportunities.

Accenture (NYSE: ACN) will conduct a conference call at 8:00 a.m. EDT on Thursday, March 23, 2023 to review its second-quarter fiscal 2023 financial results. An earnings release will be shared prior to the call. Interested participants can join by dialing +1 (877) 692-8955 and using access code 3264013. The call will also be available live on Accenture's Investor Relations website. A replay will be accessible starting at 11:00 a.m. EDT on the same day and will last until 12:00 a.m. EDT on June 22, 2023. Accenture serves clients globally, focusing on technology-driven solutions in various sectors.

Qorus and Accenture (NYSE: ACN) have launched the eighth edition of the Innovation in Insurance Awards, aimed at recognizing transformative ideas in the insurance sector. Established in 2016, the awards program has seen significant participation, with 398 submissions from 251 institutions across 44 countries last year. Entries are open until April 6, 2023, in seven categories, including Global Innovator and Insurtech. Winners will be announced at a ceremony on June 14, 2023. The program underscores the industry's shift towards consumer-centric models and highlights innovations focusing on sustainability and technology.

Accenture (NYSE: ACN) has made a strategic investment in Ocean Genomics, an AI and technology firm focused on enhancing drug discovery for biopharma companies. This investment aims to improve the utilization of genomic data in developing personalized therapeutics. Ocean Genomics' advanced computational platforms predict biological responses to drugs, crucial for personalized medicine. The global personalized medicine market is projected to exceed $796 billion by 2028. Accenture’s involvement will amplify Ocean Genomics' efforts in the Life Sciences sector, supporting innovative in-silico drug discovery.

Telenor Norway has partnered with Accenture (NYSE: ACN) to modernize its IT infrastructure by moving to a cloud-based environment. This shift aims to enhance customer experiences and drive revenue growth, marking a significant step in Telenor's transition toward becoming a software and product-driven company. The collaboration will also empower Telenor's IT staff through skill development in software and data. Both companies have a long history of cooperation, spanning over 25 years, focusing on technological advancements and operational improvements, establishing a strong foundation for Telenor's digital transformation.

Accenture has announced the acquisition of Morphus, a Brazil-based cyber defense and threat intelligence services provider, enhancing its cybersecurity capabilities in Latin America. Morphus, founded in 2003, adds over 230 skilled professionals to Accenture's existing workforce, making it one of the largest cybersecurity providers in Brazil. The acquisition will aid in launching a Cyber Industry practice in the region and improve service offerings across various sectors including finance and technology. The financial terms of the deal remain undisclosed, but it positions Accenture to better assist clients in securing their digital environments.