Today, 5:30 PM
Thu, Sep. 22, 1:00 PM
- Accenture ACN +2.1% has entered into an agreement to acquire Kurt Salmon to expand its capabilities in delivering end-to-end strategy consulting services to top retailers and private equity firms in a world disrupted by digital.
- “With digital disruption forcing retailers to rethink their entire business and operating models, we expect continued strong demand for strategy consulting services in this industry,” said Mark Knickrehm, CEO Accenture Strategy.
Thu, Sep. 8, 1:20 PM
- Accenture (ACN -2.3%) announces that it entered into an agreement to acquire New Energy Group for an undisclosed amount.
- New Energy is an Italy-based company that offers Salesforce services.
- New Energy's professionals will join the Accenture Cloud First Applications team after the acquisition closes.
- Source: Press Release
Wed, Jul. 6, 7:19 PM
- Accenture (NYSE:ACN) says its CEO Pierre Nanterme has been diagnosed with colon cancer, and is now recovering from surgery.
- He'll still be actively involved in day-to-day operations, he says in a company 8-K.
- "I am pleased to report that I have already had surgery, which went very well," Nanterme writes in a letter to colleages, clients and shareholders. "I will now move to the next phase of my treatment. I have been advised by my doctors that I will be able to stay actively involved in the day-to-day operations of the company throughout this process. I will, however, reduce my travel during the treatment period, which is expected to be a few months."
- Nanterme has been CEO since 2011; he joined the company in 1983.
Fri, Jun. 24, 11:44 AM
- Accenture (NYSE:ACN) acquired German based consultancy firm dgroup to enhance its digital consulting capabilities in the German market and strengthen the broad range of services to support digital transformation, primarily for retail and consumer goods companies. Terms of the acquisition are not disclosed.
- “The acquisition of dgroup will help expand Accenture’s leading combination of digital transformation capabilities in Germany,” said Michael Brueckner, MD, Accenture.
Thu, Jun. 23, 7:01 AM
Wed, Jun. 22, 5:30 PM
Mon, Jun. 20, 8:43 AM
- Accenture ACN acquired Maglan, a privately held Israel cybersecurity company for an undisclosed sum.
- Maglan specializes in advanced offensive cyber simulation; vulnerability research, threat intelligence and malware analysis to help combat cyber attacks and maximize their defensive capabilities.
- "Tackling the security problem from the perspective of the hacker is the name of the game. That’s why we are actively pioneering fundamentally differentiated approaches to cyber attack simulation, threat modeling, cyber investigations and security risk advisory services," said chief strategy officer, Omar Abbosh,
- Accenture has made five acquisitions in the cybersecurity space in the past few months.
Thu, May 19, 10:30 AM
- GE Healthcare (GE -1.1%) and Accenture (ACN -1%) are introducing a new offering to help improve medical claims processing and related cash flow for healthcare providers.
- Through the combination of analytics and consulting, GE Healthcare estimates the service could help healthcare providers to, on average, save between 25%-50% of their current costs to re-process denied claims.
Mon, Apr. 18, 11:54 AM
- Earlier this morning, Accenture (NYSE:ACN) announced the formation of a joint venture with Apax partners after selling a majority stake in Duck Creek.
- Citi: "Accenture is Guidewire’s (NYSE:GWRE) largest competitor so we view their partial exit from the software side of the business as a positive development. In the long term, we believe the formal exit on the software side opens up the possibility of a more collaborative relationship which would be a significant step forward.
- "Our industry inputs indicate that there is significant interest amongst larger carriers to see greater collaboration between Guidewire and Accenture. The rivals settled an IP infringement lawsuit at the end of 2011. We believe the settlement coupled with a less involved role at Duck Creek opens up the possibility of seeing more cooperation between the two rivals which we would view as a significant.
- "We would also note that we view Apax’s acquisition of a P&C software vendor as validation of several industry inputs that indicate significant fund flowing into insurance tech. We continue to hear that private equity and venture investors have been much more active in this market and we believe that should help boost valuation multiples across the insurance technology landscape."
- Now read Guidewire: Time To Stop Idolizing - The Model Is Hardly Any Different »
Mon, Apr. 18, 11:47 AM
- Accenture (NYSE:ACN) and privately-owned Apax Partners have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry.
- Funds advised by Apax will acquire a 60% stake in Accenture’s Duck Creek Technologies; ACM will retain a 40% stake.
- The joint venture is intended to further accelerate the development of Duck Creek products and technologies, leveraging advanced digital and cloud technology, and to extend the reach of Duck Creek in key markets.
- Duck Creek Technologies will gain access to substantial capital and management expertise through Apax Partners. This will enable further investment, both organically and through acquisitions, to fuel rapid expansion of Duck Creek products and capabilities – particularly Duck Creek On-Demand, a native SaaS capability delivered through the cloud.
Thu, Apr. 14, 1:36 PM
- Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
- The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
- The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
Thu, Mar. 24, 11:57 AM
- Accenture's (ACN +3.8%) FQ2 beat has been accompanied by guidance for FY16 (ends Aug. '16) adjusted EPS of $5.21-$5.32, up from a prior $5.09-$5.24 and mostly above a $5.22 consensus.
- FY16 constant currency revenue growth guidance has been hiked to 8%-10% from 6%-9%. With forex still expected to have a 5% impact, dollar-based revenue growth guidance is at 3%-5%, in-line with a 3.7% consensus.
- FQ3 revenue guidance of $8.1B-$8.35B is in-line with an $8.17B consensus. FY16 op. cash flow and free cash flow guidance respectively remain at $4.1B-$4.4B and $3.6B-$3.9B.
- Bookings: New bookings rose by $200M Y/Y to $9.5B. Consulting bookings rose by $800M to $5B, while outsourcing bookings (pressured to an extent by cloud services adoption) fell by $600M to $4.5B. Forex had a 6% impact on bookings growth.
Segment performance: Telecom/media/tech revenue +6% Y/Y to $1.6B. Financial services +6% to $1.7B. Health/public service +12% to $1.5B. Products (manufacturing) +8% to $2B. Resources (hurt by weak oil/commodity prices) -3% to $1.2B.
Overall, consulting revenue rose 12% to $4.3B, while outsourcing was roughly flat at $3.7B. CEO Pierre Nanterme asserts Accenture "gained significant market share."
- Regional performance: North America revenue +11% to $3.8B. Europe (9% forex impact) +5% to $2.8B. "Growth markets" (14% forex impact) -4% to $1.4B.
- Financials: Buybacks once more boosted EPS: $829M was spent to repurchase 8.1M shares. $6.4B is left on Accenture's buyback authorization. Op. margin rose 10 bps Y/Y to 13.7%. Accenture ended FQ2 with $3B in cash and less than $30M in debt.
- Along with the numbers, Accenture has declared its semi-annual $1.10/share dividend (2% yield). The next dividend will be paid on May 13 to shareholders on record as of April 15.
- Accenture's FQ2 results, earnings release
Thu, Mar. 24, 7:02 AM
- Accenture (NYSE:ACN): FQ2 EPS of $1.34 beats by $0.16.
- Revenue of $7.95B (+6.1% Y/Y) beats by $230M.
Wed, Mar. 23, 5:30 PM
Fri, Feb. 19, 7:25 AM