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 (NYSE: ACN) is collaborating with Ripjar and Royal Dutch Shell to enhance risk screening in Shell's global supply chain using AI technology. This partnership aims to improve accuracy and efficiency in risk identification during third-party transactions, potentially reducing data-reporting errors by over 80%. The solution will be integrated into Shell's cloud infrastructure on Microsoft Azure, fostering scalability and cost efficiencies. This multi-year deal builds on Accenture Ventures' investment in Ripjar, showcasing a commitment to advancing compliance capabilities in the energy sector.
Accenture (ACN) reported Q2 fiscal 2021 revenues of $12.1 billion, an 8% increase year-over-year, despite a 2 percentage point reduction from declining reimbursable travel revenue. GAAP diluted EPS rose 17% to $2.23, while adjusted EPS increased 10% to $2.03. Operating income reached $1.65 billion, an 11% rise, with a margin of 13.7%. New bookings hit a record $16 billion. For Q3 FY21, revenue guidance is $12.55-$12.95 billion, with full-year growth expectations of 6.5%-8.5%. Accenture plans to return over $5.8 billion in cash to shareholders through dividends and buybacks.
Accenture (NYSE: ACN) has been recognized as a Leader in Everest Group’s PEAK Matrix for Google Cloud Platform (GCP) System Integrators 2021 report. The firm scored highly in both vision and capability, with the highest number of GCP specializations among all system integrators. Accenture's collaboration with Google has strengthened its offering in cloud migration, application development, data analytics, and machine learning. Additionally, the report highlights Accenture's 4,300 trained employees in GCP services.
Accenture (NYSE: ACN) will hold a conference call on Mar. 18, 2021, at 8:00 a.m. EDT to discuss its Q2 fiscal 2021 financial results. A press release with these results will be issued prior to the call. Participants can join the call by dialing +1 (877) 692-8955 or +1 (234) 720-6979 for international callers. The call will also be available live on Accenture's Investor Relations website. A replay will be accessible starting at 11:00 a.m. EDT on the same day and will remain available until June 24, 2021.
According to a recent Accenture report, boardrooms of major banks are lacking in technology expertise despite increased digital technology adoption. Analyzing the backgrounds of nearly 2,000 directors across over 100 banks, it reveals that only 10% of board directors possess professional technology experience, up by just 4% from 2015. The report recommends that 25% of bank directors should have such expertise. While there is a 33% representation of women in technology roles today, banks in the U.K. and U.S. lead in technology experience, leaving other regions lagging.
Accenture has finalized the acquisition of Imaginea, a cloud-native engineering firm based in California, enhancing its digital transformation capabilities. The terms of the acquisition remain undisclosed, but Imaginea brings approximately 1,350 skilled professionals specializing in cloud data and modernization across various platforms. This acquisition strengthens Accenture's Cloud First strategy, which is backed by a $3 billion investment and aims to improve cloud services for over 200 global clients.
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