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.
Accenture Federal Services (AFS) has secured a $118 million contract from the U.S. Department of State, lasting five years, to enhance data management for the Bureau of Consular Affairs. AFS will implement fraud reduction and data replication for visas and passports, in addition to supporting a State Department database to improve inter-agency information flow, aiding homeland security. The initiative will leverage cloud, AI, and machine learning technologies, aiming to streamline operations and boost data-sharing efficiency among federal partners.
Accenture reported second-quarter fiscal 2022 revenues of $15.0 billion, marking a 24% increase in U.S. dollars and 28% in local currency. Diluted EPS rose 14% to $2.54, up 25% excluding prior year's investment gains. Operating income was $2.06 billion with a 13.7% margin. New bookings reached a record $19.6 billion, up 22%, with growth in both consulting and outsourcing. Accenture raised its fiscal 2022 revenue growth guidance to 24%-26%, with an EPS forecast between $10.61 and $10.81.
Accenture (NYSE: ACN) will host a conference call on March 17 at 8:00 a.m. EDT to discuss its second-quarter fiscal year 2022 financial results. A detailed news release will precede the call. To join, participants can dial +1 (877) 692-8955 or access the call through Accenture's Investor Relations webpage. A replay will be available starting 11:00 a.m. EDT on the same day and accessible until June 22, 2022. Accenture is recognized for its capabilities in digital, cloud, and security across more than 40 industries.
Accenture has launched a dedicated Metaverse Continuum business group to capitalize on the merging of physical and virtual realities. The initiative is backed by findings from the Accenture Technology Vision 2022, indicating that 71% of surveyed executives foresee a positive impact of the metaverse on their organizations. With over 600 patents and significant industry experience, the group will focus on enabling businesses to navigate digital transformation through advanced technologies like extended reality and blockchain.
Accenture Federal Services (AFS), a subsidiary of Accenture, has secured a $199 million contract from the U.S. Department of Homeland Security's Transportation Security Administration (TSA) for a period of seven years. The contract aims to consolidate three credentialing systems into a single platform, enhancing TSA's operational efficiency and response to security threats. This initiative will impact approximately 30 million individuals needing TSA credentials, streamlining processes and modernizing technology to provide better service.
Accenture, Ecopetrol, and Amazon Web Services have launched an innovative water intelligence and management solution to enhance sustainability within the energy sector. This cloud-based platform aims to address the entire water lifecycle, enabling energy companies to achieve water neutrality. The collaboration emphasizes reducing fresh water usage and promoting water reuse to optimize operational efficiencies. Ecopetrol targets a 66% reduction in fresh water capture and aims for zero surface water discharges by 2045, supporting its broader environmental strategy.
Accenture (NYSE: ACN) has been recognized as a Leader by Everest Group in three new assessments for its IT and platform services in the insurance sector. Accenture ranked highest in Vision & Capability and Market Impact across both the Salesforce and Duck Creek services evaluations, as well as the new Insurance Platform IT Services assessment. The reports highlight Accenture's strong service portfolio and effective management of large-scale platform implementations, crucial for modernizing the insurance industry amid evolving consumer needs.
Accenture (NYSE:ACN) has announced the discontinuation of its business operations in Russia in response to the ongoing conflict in Ukraine. The company expressed solidarity with Ukraine and will support its nearly 2,300 employees in Russia during this transition. Accenture is also contributing $5 million to nonprofit organizations aiding Ukraine and matching employee donations 100%. While the firm has no business in Ukraine, it is offering telehealth services and assistance to the families of Ukrainian employees worldwide.
Accenture (NYSE: ACN) and Microsoft (NYSE: MSFT) announced a collaboration with the Mount Sinai Health System to facilitate its transition to the cloud. This strategic migration to Microsoft Azure is expected to deliver significant cost savings, enabling Mount Sinai to modernize its infrastructure and enhance healthcare innovation. The partnership includes the execution of clinical applications migration, ongoing hybrid cloud managed services, and support for advanced data-driven capabilities. This initiative aligns with Mount Sinai's commitment to improving patient care through technology.
FAQ
What is the current stock price of Accenture PLC (ACN)?
What is the market cap of Accenture PLC (ACN)?
What services does Accenture plc provide?
What sectors does Accenture serve?
What recent acquisitions has Accenture made?
What is Accenture's approach to sustainability?
What are some key partnerships that Accenture has formed?
How does Accenture support government agencies?
What is Accenture's workforce size?
How does Accenture leverage AI and digital tools?
What is Accenture's role in the semiconductor industry?
What are Accenture's revenue figures?
