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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) has agreed to acquire BRIDGEi2i, an AI and analytics firm based in Bangalore, India. This acquisition will enhance Accenture's Applied Intelligence practice by adding over 800 skilled professionals, bolstering its capabilities in data science and machine learning. BRIDGEi2i specializes in data-driven digital transformation, enabling quicker insights and decision-making for clients. The deal's financial terms remain undisclosed. This acquisition aligns with Accenture's strategy to strengthen its AI and analytics offerings, aiming to deliver greater value for clients globally.
The 2021 Accenture and NASCIO Cloud Study reveals significant progress and obstacles in state government cloud migration. Conducted by the National Association of State Chief Information Officers and Accenture, the study highlights that while 54% of CIOs advocate for operating expenditure funding, 24% prefer capital expenditure, complicating cloud budgeting. Notably, 89% of states still rely on mainframe computers, with 71% yet to migrate any applications to the cloud. The report aims to support CIOs in overcoming challenges and enhancing digital capabilities.
Accenture (NYSE: ACN) has acquired Advoco, a significant player in systems integration for Infor EAM, enhancing its capabilities in enterprise asset management. This acquisition will allow Accenture to better support clients across various industries, including consumer goods, industrial, and life sciences, in enhancing operational efficiency and sustainability. Advoco, recognized as Infor EAM Partner of the Year, will bolster Accenture's Industry X group, specifically in intelligent asset management solutions. The terms of the deal remain undisclosed.
Accenture (NYSE: ACN) has successfully completed the acquisition of umlaut, a Germany-based engineering consulting firm. This strategic move enhances Accenture's engineering capabilities, adding over 4,200 professionals across 17 countries to its Industry X services. The acquisition aims to leverage digital technologies, including cloud, AI, and 5G, for product transformation and sustainability. While financial terms remain undisclosed, the deal is expected to significantly bolster Accenture's offerings in various sectors such as automotive and telecommunications.
Accenture (NYSE: ACN) has been recognized as a Leader in life science research and development (R&D) and business process outsourcing (BPO) services in a recent IDC MarketScape assessment. The report highlights Accenture's strengths in agile business models, AI-driven automation, and innovative platforms like myWizard and INTIENT. Notably, it commends the company's capacity to serve over 200 clients through a shared services model. The assessment underscores Accenture's deep experience in managing trials and submissions, which positions it favorably in the evolving life sciences landscape.
Accenture Federal Services has appointed Dr. Jennifer Sample as its Applied Intelligence Growth and Strategy Lead. Dr. Sample, who previously spent 19 years at Johns Hopkins University’s Applied Physics Laboratory, will focus on leveraging AI and ML technologies to assist the federal government. She holds ten patents and has a strong academic background with degrees from Pennsylvania State University, UCLA, and MIT. This strategic appointment aims to drive growth in AFS’s Applied Intelligence practice, enhancing capabilities to deliver value to clients.
Accenture reported Q4 revenue of $13.4 billion, rising 24% YoY, with EPS at $2.20, an 11% increase. Full-year revenue reached a record $50.5 billion, up 14%, and diluted EPS climbed 16% to $9.16. New bookings for Q4 totaled $15 billion, contributing to a record $59.3 billion for the full year, a 20% increase. The company announced a 10% increase in its quarterly cash dividend to $0.97 per share and approved $3 billion for share repurchases. For FY22, Accenture expects 12-15% revenue growth and EPS of $9.90 to $10.18.
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