Welcome to our dedicated page for Accenture PLC news (Ticker: ACN), a resource for investors and traders seeking the latest updates and insights on Accenture PLC stock.
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.
The Qorus-Accenture Banking Innovation Awards are now open for entries until Sept. 30. This competition seeks to recognize transformative digital strategies from banks and fintechs across seven categories including Analytics & Artificial Intelligence and Reimagining the Customer Experience. Last year, 816 submissions from nearly 300 institutions worldwide were received. Winners will be acknowledged in a global ceremony on Nov. 30. The awards aim to celebrate innovative practices that enhance banking services and customer relations.
Johnson Controls and Accenture are launching two new OpenBlue Innovation Centers aimed at enhancing AI-enabled building control systems. The initiative focuses on developing advanced hardware and software leveraging 5G and IoT technologies, promoting improved connectivity and visualization in building management. This investment supports Johnson Controls' commitment to net-zero buildings, ultimately reducing carbon emissions and enhancing occupant safety. The collaboration will employ AI analytics and digital twins to optimize energy efficiency and operational costs.
Accenture reported strong Q3 fiscal 2022 results, with revenues of $16.2 billion, up 22% in USD and 27% in local currency. Operating income rose 23% to $2.6 billion, with an operating margin of 16.1%. New bookings reached $17.0 billion, marking a 10% increase. EPS increased 16% to $2.79, impacted by a $0.15 charge from the Russia business. The company declared a quarterly cash dividend of $0.97 per share, up 10%. For fiscal 2022, Accenture raised revenue growth guidance to 25.5% - 26.5% in local currency.
Recent research from Accenture highlights that while 98% of financial advisors in North America see AI as a transformative force in wealth management, significant challenges hinder its adoption. The study of 500 advisors reveals that 50% believe their firms struggle to implement AI effectively. Complicated AI tools deter 55% of advisors, and 64% worry about handling too many AI pilots simultaneously. Despite these hurdles, 80% of advisors are keen to adopt AI-based tools for client engagement, signaling a strong demand for better integration and usability of AI technologies.
Accenture (NYSE: ACN) will hold a conference call on June 23, 2022 at 8:00 a.m. EDT to discuss its third-quarter fiscal year 2022 financial results, which will be released beforehand. Participants can join the call by dialing +1 (877) 692-8955 or through Accenture's Investor Relations website. A replay will be available online and via telephone starting at 11:00 a.m. EDT on the same day until September 21, 2022. Accenture is a global professional services company specializing in digital, cloud, and security solutions.
Accenture and Efma announced the winners of the seventh annual Innovation in Insurance Awards, recognizing outstanding innovative projects within the insurance sector. This year, 398 entries from 251 institutions across 44 countries showcased a focus on customer experience, artificial intelligence, and sustainability. Notable winners included AIA for its mobile health application and Discovery for its telehealth services. The awards reflect a shift in the insurance industry towards more consumer-centric solutions amid evolving market demands.
Accenture's latest research reveals that only 12% of organizations are leveraging artificial intelligence (AI) at a level that provides a competitive edge. The average AI maturity score across firms is 36, with a noted discrepancy between AI Achievers (score 64) and AI Experimenters (score 29). The report predicts a rise in AI maturity scores to 50 by 2024, with 27% of organizations becoming AI Achievers. Investment in AI is also expected to grow significantly, from 19% of tech budgets currently allocated to AI, to 49% by 2024.
Accenture (NYSE: ACN) has inaugurated its new Advanced Technology Center in Indore, India, enhancing its global delivery network. This facility aims to provide technology solutions across various sectors, focusing on digital transformation and innovation. Accenture is actively recruiting for roles in digital, cloud, data analytics, artificial intelligence, and metaverse technologies. The company is recognized for its commitment to equality and currently employs around 47% women, with 26% in leadership positions.
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