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 has deployed its automated text message service, 'Annie,' nationwide at U.S. Department of Veterans Affairs health centers. Annie assists Veterans with medication reminders, surgery prep, and monitoring health data like blood pressure. An eight-month study indicated positive feedback from Veterans for patient education, symptom management, and self-care. Notably, Annie contributed to a 53% decrease in surgery cancellations by helping patients adhere to pre-surgery protocols. The project supports the VA's Office of Connected Care and is part of Iron Bow Technologies' $2 billion contract to enhance Veterans' healthcare accessibility.
Accenture (NYSE: ACN) has entered a three-year partnership with Major League Cricket Champions MI New York, becoming their principal partner. The collaboration will see Accenture’s logo prominently displayed on MI New York's match and training jerseys. Accenture will leverage its technological, data, and AI expertise to enhance team performance and fan engagement both on and off the field. This partnership aims to utilize data analytics, video analysis, and smart technologies to boost players' and coaches' performance, improve team operations, and increase cricket's popularity and engagement among American youth. Major League Cricket's second season starts on July 5th, presenting an opportunity for U.S. fans to experience high-level T20 cricket.
Accenture (NYSE: ACN) will announce its third-quarter fiscal 2024 financial results on Thursday, June 20, 2024. The company will host a conference call at 8:00 a.m. EDT to discuss these results. The earnings release will be published prior to the conference call. Participants can join the teleconference by dialing specific numbers and using the access code 4074957. The conference call will be live-streamed on Accenture's Investor Relations webpage, with a replay available on the same site and via phone until September 25, 2024.
Accenture (NYSE:ACN) and Kraken Technologies are collaborating with EDF’s UK retail business to upgrade its platform, enhancing customer management of energy use and costs. EDF has transitioned over five million meter points to Kraken, which leverages advanced analytics, AI, and machine learning. This initiative aligns with EDF's strategy to expand its energy-retail customer base via digital transformation. Accenture and Kraken’s broader partnership aims to globally scale the Kraken tech and improve customer services. This technology facilitates efficient energy usage and cost reduction, supporting the adoption of smart energy products.
Accenture Song, a creative group under Accenture (NYSE: ACN), has been appointed by Randstad NV as its global creative and content agency. This collaboration aims to transform Randstad's marketing through generative AI, with a focus on creating an engaging and consistent brand presence. The new AI-powered content studio will utilize tools like Adobe Firefly to produce effective marketing content. This move aligns with Randstad's vision to be the most equitable and specialized talent company, addressing talent scarcity and leveraging new technologies to connect talent with employers.
Randstad’s Chief Marketing Officer, Miriam van der Heijden, emphasized the importance of this initiative in enhancing the company's relevancy among clients and talent. Joy Bhattacharya of Accenture Song highlighted the blend of human creativity and AI in achieving Randstad's mission.
Accenture (NYSE: ACN) has acquired Teamexpat, an embedded software specialist based in Eindhoven, Netherlands. Teamexpat focuses on software development, testing, and integration for lithography systems in the semiconductor industry.
Teamexpat's team will join Accenture's digital engineering team, enhancing capabilities in smart, connected products. This acquisition aligns with the shift from mechanical to software engineering across several high-tech industries.
Accenture aims to leverage Teamexpat's expertise to help clients innovate in the semiconductor sector, benefiting from €43 billion in European government incentives for semiconductor innovation. Terms of the transaction were not disclosed.
Accenture (NYSE: ACN) is set to acquire Partners in Performance, a global strategy consulting firm specializing in business performance improvement for asset-intensive industries like metals, mining, and oil and gas. The acquisition aims to enhance Accenture's capabilities in cost and productivity optimization, capital project delivery, and energy transition efforts. Partners in Performance brings expertise in sustainable value creation and advanced analytics, aiding C-suite leaders in navigating complex business environments. Approximately 400 employees of Partners in Performance will join Accenture Strategy. The terms of the acquisition remain undisclosed and are subject to regulatory approvals.
Accenture Federal Services has finalized its acquisition of Cognosante, a company based in Falls Church, Virginia, that specializes in digital transformation and cloud modernization for federal agencies. Announced on April 15, 2024, the acquisition aims to enhance Accenture's federal health portfolio, providing mission-driven technology solutions for healthcare programs.
The acquisition will add over 1,500 employees to Accenture Federal Services, which already has a workforce of over 14,000. The new portfolio is designed to deliver specialized mission solutions to improve health outcomes and make healthcare more accessible and equitable.
Accenture Federal Services' CEO, John Goodman, emphasized that the addition of Cognosante's expertise and capabilities will accelerate the company's impact in the federal health market.
Financial details of the acquisition were not disclosed.
Accenture (NYSE: ACN) has announced its acquisition of OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral. This strategic move aims to enhance Accenture's capabilities in cloud, AI, smart logistics, retail, and manufacturing. This acquisition will add around 1,000 digital experts to Accenture’s teams, improving support for clients in adopting advanced digital technologies. Open Stream's 600 professionals offer services in logistics and retail, while Neutral's 400 experts specialize in system integration in the automotive and manufacturing sectors. This acquisition aligns with Accenture's strategy to expand its digital engineering and manufacturing capabilities in Japan.
Accenture has invested in Turbine, a company specializing in predictive simulations for biopharma research, through Accenture Ventures.
This investment aims to enhance Turbine's Simulated Cell platform, which uses machine learning to simulate cellular processes, providing insights that could accelerate drug development.
The platform can predict drug efficacy and identify potential targets, benefiting biopharma companies by streamlining research and improving patient outcomes.
The financial terms of the investment were not disclosed.
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