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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 June 23, 2022, at 8:00 a.m. EDT to discuss its third-quarter fiscal year 2022 financial results. A news release with the financial results will be issued prior to the call. Participants can join the call by dialing +1 (877) 692-8955, and the call will also be available live on the Accenture Investor Relations website. A replay will be accessible from 11:00 a.m. EDT the same day until September 21, 2022.
Accenture (NYSE: ACN) has acquired Advocate Networks, a consultancy specializing in Technology Business Management (TBM) solutions. This acquisition aims to enhance Accenture’s capabilities in helping organizations optimize technology investments and achieve cost savings. Advocate, with over 85 professionals, will join Accenture's Technology Strategy & Advisory practice. No financial terms were disclosed. The integration of Advocate's TBM services is expected to strengthen Accenture's offerings in digital and cloud transformations, providing measurable value for clients.
Accenture (NYSE: ACN) has been ranked number one for the quality of its thought leadership by Source Global Research for the second half of 2021, marking a significant rise from its previous second-place position. The ranking assesses 20 consultancy and technology firms based on their thought leadership's quality, with Accenture excelling in differentiation and appeal. The company aims to leverage its strong research capabilities and data-driven insights to address critical business challenges for clients more efficiently.
Accenture (NYSE: ACN) has been recognized as a Leader in healthcare payer digital services by the Everest Group. The Healthcare Payer Digital Services Peak Matrix® Assessment 2022 highlights Accenture's strategic acquisitions, including OpusLine and Gevity, and its commitment to enhancing advisory services. With the healthcare payer digital services market nearing $9 billion and a projected CAGR of 12% from 2021 to 2025, Accenture's digital capabilities are positioned to drive significant value for clients in a rapidly evolving landscape.
Accenture (NYSE: ACN) has successfully completed its acquisition of Greenfish, a Belgium-based engineering and sustainability advisory firm. This strategic move, initially announced on April 20, 2022, aims to enhance Accenture's Sustainability Services by integrating Greenfish's team of over 270 professionals, thereby improving clients’ ESG performance. The financial details of the transaction remain undisclosed. Accenture’s extensive capabilities in digital and cloud services position it to drive significant transformations in sustainability for its clients.
Accenture has appointed Jack Azagury as the new group chief executive of Strategy & Consulting, effective immediately, following the retirement of Annette Rippert after 28 years with the company. Azagury, a veteran of 26 years at Accenture, will lead the company’s $15 billion Strategy & Consulting service, leveraging his extensive experience in strategy, technology, and client relations. Under Rippert's leadership, the firm strengthened its consulting foundation and completed over 20 acquisitions, positioning the company for future growth.
Accenture (NYSE: ACN) has announced its acquisition of Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider specializing in the banking sector in Austria. This strategic move aims to enhance Accenture's cloud-based banking platform-as-a-service offerings, providing core banking and regulatory services across Europe. With about 600 employees joining Accenture, the acquisition will bolster its capabilities in digital transformation for banking clients. The deal is subject to customary closing conditions, and the terms of the transaction have not been disclosed.
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