Accenture PLC - ACN STOCK NEWS

According to a recent Accenture report, 77% of European business leaders are confident in their organizations' ability to accelerate growth despite facing unprecedented challenges. While 65% acknowledge the tough operating environment, rising energy costs (19%) and supply chain disruptions (14%) are highlighted as top challenges. Despite a slower revenue growth compared to North America and Asia Pacific, 81% believe they are well-positioned post-pandemic. The report emphasizes the need for Total Enterprise Reinvention focusing on sustainability, technological integration, and adapting to customer needs to enhance competitiveness.

Accenture's latest survey reveals significant trends in cloud investment, highlighting a shift towards ongoing adaptation rather than one-time achievements. The study involved over 800 business and IT leaders and shows that 86% of companies are expanding cloud initiatives. Key findings include the need for complex system migrations and the predominance of hybrid cloud strategies. Challenges such as security concerns and legacy system modernization persist, indicating that many organizations feel their cloud journeys are incomplete.

Accenture has been named a Leader in Everest Group's "Healthcare Provider Digital Services PEAK Matrix® Assessment 2023." The firm excelled in Market Impact and Vision & Capability for driving digital transformation in healthcare. Key strengths include a robust technology partner ecosystem, global presence, and significant investments through acquisitions such as Gevity and Workforce Insight. The global provider digital services market is near US$5 billion and projected to grow at a CAGR of 8.7% from 2021 to 2025.

Accenture (NYSE: ACN) has announced the acquisition of SKS Group, a consulting firm specializing in helping banks in Germany, Austria, and Switzerland modernize their technology infrastructure and meet regulatory requirements using SAP S/4HANA® solutions. Though the transaction value remains undisclosed, it is expected to enhance Accenture’s technology and consulting capabilities, particularly for specialized banks. SKS Group's team of approximately 500 professionals will join Accenture Technology, contributing to the development and implementation of SAP solutions for core banking and regulatory services.

Leidos (NYSE: LDOS) has secured a $189 million subcontract from Accenture Federal Services to aid the CDC in cloud modernization services. This contract encompasses a one-year base period and two one-year options. Leidos aims to enhance CDC's public health data systems through tasks like application rationalization and cloud modernization. The partnership combines Leidos' technical expertise with Accenture's resources to support the U.S. Department of Health and Human Services in its digital modernization efforts for effective public health management.

According to a study by Accenture (NYSE: ACN), 76% of semiconductor executives anticipate supply chain challenges will alleviate by 2024. However, they must focus on innovation to navigate market pressures. Key challenges include geopolitics (48%), cybersecurity (42%), and talent shortages (35%). The report highlights investment areas such as the metaverse, digital health, mobility, and sustainability, with 93% of executives believing sustainability will positively impact profitability. The survey involved 300 senior executives and was conducted in September and October 2022.

Accenture (NYSE: ACN) has successfully acquired Inspirage, a firm specialized in integrated Oracle Cloud solutions, particularly in supply chain management, based in Bellevue, Washington. This strategic acquisition enhances Accenture's Oracle Cloud capabilities, enabling innovation through advanced technologies like touchless supply chains and digital twins. The financial terms of the deal remain undisclosed. Approximately 736 Inspirage employees will join Accenture, strengthening its Oracle supply chain expertise to better assist product-centric clients.