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Accenture plc (NYSE: ACN) is a global professional services company headquartered in Dublin, Ireland. With reported revenues of $61.6 billion in 2022, this Fortune Global 500 company specializes in information technology services and consulting. Accenture employs nearly 500,000 professionals across 200 cities in 51 countries, delivering a wide range of services including strategy, consulting, technology, and operations.
The company's core services encompass digital transformation, procurement, and software system integration. Accenture's diverse client base spans various sectors such as communications, media, technology, financial services, health and public services, consumer products, and resources. Recent accomplishments include the launch of a new federal health portfolio following the acquisition of Cognosante, which will enhance mission-driven solutions for federal health agencies.
Accenture is also focused on sustainable business practices. It recently acquired Partners in Performance, a strategy firm specializing in asset-intensive industries, to bolster its capabilities in data and AI. In the semiconductor industry, Accenture expanded its digital engineering services by acquiring Teamexpat, further cementing its leadership in technology-driven solutions.
Through innovative ventures like its partnership with Kraken Technologies, Accenture helps utilities modernize and enhance customer energy management, exemplified by its collaboration with EDF in the UK. The company's federal services arm, Accenture Federal Services, continues to support U.S. government agencies, evidenced by a contract with the TSA valued at up to $170 million to deliver agile technology solutions.
Accenture is committed to driving customer-centric transformations using advanced technologies. Collaborations with leading brands like Bath & Body Works and MI New York underline its ability to leverage AI and digital tools to enhance customer experiences and operational efficiency. By constantly evolving its service offerings and embracing cutting-edge technologies, Accenture remains a pivotal force in the professional services landscape, creating value for clients, shareholders, and communities worldwide.
Accenture (NYSE: ACN) will hold a conference call on September 22, 2022, at 8:00 a.m. EDT, to discuss its fourth-quarter and fiscal year 2022 financial results. A news release with these results will be published prior to the call. Participants can join by dialing +1 (877) 692-8955 or accessing the call via the Accenture website. A replay will be available starting at 11:00 a.m. EDT the same day until December 16, 2022. Accenture is a leading global professional services company focusing on digital, cloud, and security solutions.
Accenture has been named a Leader in IT security services for both North America and Europe by Everest Group. The company secured the highest scores in Vision & Capability and Market Impact, appreciated for its complex security engagements and technical expertise. Notably, Accenture leads ahead of 27 providers in North America and 28 in Europe. Key strengths include integrated automation in services, investments in cyber risk quantification, and a comprehensive security service portfolio. This recognition underscores Accenture's commitment to delivering innovative IT security solutions.
Accenture and Ohio National Financial Services have successfully modernized the life insurer's core systems, leading to significant operational improvements. This modernization, carried out through the Accenture Life Insurance and Annuity Platform (ALIP), has resulted in US$50 million in new premiums and a 20% reduction in processing times for nearly 12,000 applications. Ohio National’s adoption of automated underwriting enhances customer experience by expediting approval times.
The project received the 2022 Insurance Technology Impact Award for its substantial business impact.
Accenture (NYSE: ACN) has been recognized as a Leader in the Forrester Research report on European managed security service providers. The report highlights Accenture's unique asset development within its services, resulting in high client satisfaction. Accenture scored highest in the Current Offering category, achieving top marks in twelve criteria, including data sovereignty and managed application security. The company stands out with a strong vision and partnership strategy, enhancing its capabilities in cybersecurity for European businesses.
Accenture (NYSE: ACN) has been named a Leader in Everest Group’s "PEAK Matrix® for ServiceNow Services 2022," marking the second consecutive year in this recognition. The report evaluates 25 established ServiceNow providers, highlighting Accenture's strengths in Market Impact and Vision & Capabilities. Key advantages include a large pool of ServiceNow-certified talent, significant investment in frameworks that expedite time to market, and strong client capabilities in Customer Service Management and UX Design.
Accenture (NYSE: ACN) has acquired The Beacon Group, a consultancy firm specializing in growth strategies for Fortune 500 companies across various industries, including technology and healthcare. This acquisition aims to enhance Accenture's capabilities in helping clients make informed growth decisions and navigate market challenges. With a team of over 60 experts, Beacon will bolster Accenture Strategy by providing market insights and scalable solutions. The transaction details remain undisclosed, but it is expected to strengthen Accenture's position in the M&A consulting sector.
A new report from Accenture (NYSE: ACN) highlights how industrial companies can enhance their product delivery speed through advanced technologies. Entitled "Industrial Speedsters: How advanced technologies can turbocharge your speed to market," the study surveyed 1,200 executives worldwide. It categorizes companies into three groups: Speedsters, Accelerators, and Starters, with Speedsters achieving significantly faster and more cost-effective outcomes using technologies like AI and cloud computing. The report outlines actionable strategies for companies to leverage these technologies effectively.
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