Dec. 16, 2015, 5:30 PM
Dec. 15, 2015, 5:54 PM
- Accenture (NYSE:ACN) has announced its third acquisition in six days. The target this time is Beacon Consulting Group, a Boston-based provider of consulting services to money managers.
- Accenture: "This acquisition significantly expands Accenture's asset management consulting capabilities and enhances its ability to help global investment managers, institutional investors and asset servicers gain an edge in increasingly competitive markets.
Beacon Consulting will become part of Accenture's Capital Markets practice, reinforcing its expertise and capabilities in asset management to help asset managers and other financial services companies design, build and operate their business."
- FQ1 results arrive on Thursday morning.
- Recent Accenture acquisitions
Dec. 10, 2015, 4:01 PM
- A day after announcing a deal to buy IoT-related industrial tech consulting firm Cimation, Accenture (ACN +0.3%) has announced it's buying Boomerang Pharmaceutical Communications, a Swiss online ad agency focusing on pharma, biotech, and medical device clients. As usual, terms are undisclosed.
- Boomerang has been around for 17+ years, has 80+ employeesand offices in Switzerland, France, Ireland, and New Jersey. The company will be added to Accenture's consulting arm; its purchase is declared to be "another step in Accenture's strategy of adding key skills and capabilities to deliver end-to-end services, including online promotion, content and campaign management, and marketing execution and operations."
- Over the last 12 months, Accenture has also bought Hong Kong-based digital ad agency owner PacificLink, Australian digital design/ad agency Reactive Media, and Swedish digital content/commerce consulting firm Brightstep.
Dec. 9, 2015, 2:50 PM
- Continuing its 2015 acquisition spree, Accenture (ACN -1.7%) is buying Cimation, an industrial asset/operations management services firm employing ~200 people. Terms are undisclosed.
- Accenture declares Cimation to be "known for its work in process automation, information technology (IT) and industrial control system (ICS) cyber security," and goes as far as to call it an industrial Internet of Things (IIoT) consulting company. GE, Intel, Cisco, IBM, and various other industrial/tech giants have unveiled IoT platforms over the last two years promising to help companies connect, monitor, control, and gather data from industrial hardware.
- Target verticals include oil/gas, pipelines, chemicals, metals, and mining. Accenture's FQ1 report arrives on the morning of Dec. 17.
- Recent Accenture acquisitions
Nov. 11, 2015, 10:58 AM
- "Our new price target values AWS at $63bn (5.3X 2016 revenue, a 25% premium to the SaaS comp group) and the core retail business at $300bn," writes Morgan Stanley's Brian Nowak, hiking his Amazon (AMZN +1.8%) target by $50 to a lofty $800.
- Nowak insists Amazon's North American retail ops are worth $256B at an 8% long-term margin, and its international retail ops $44B at a mere 2% margin. For reference, Wal-Mart (expected FY16 sales of $485B, 5.4% trailing 12 month op. margin) is currently worth $187B.
- He now sees AWS having a $240B addressable market (up from $150B in 2013), as it continues expanding beyond its core cloud infrastructure (IaaS) market into fields such as infrastructure software, databases, and CDN services. On-premise IT services firms such as Accenture (ACN +0.2%) and Computer Sciences (CSC -0.2%) are deemed vulnerable to cloud adoption, in spite of their attempts to benefit via cloud migration services - Accenture recently partnered with Amazon to offer AWS migration services.
- Amazon has made new highs, and is now up 116% YTD. Last month, the company reported AWS revenue rose 78% Y/Y in Q3 to $2.09B, with trailing 12 month revenue rising 65% to $6.9B.
- Last week: Amazon rallies to new highs following upbeat Druckenmiller remarks
Oct. 14, 2015, 11:56 AM
- Accenture (ACN -1%) says in a new report that cyberattacks will cost U.S. health systems $305B in cumulative lifetime revenues over the next five years. It forecasts that one in 13 patients (~25M) will have personal information stolen from IT systems over this time frame.
- Accenture managing director of global healthcare business Kaveh Safavi, M.D., J.D., says, "What most health systems don't realize is that many patients will suffer personal financial loss as a result of cyberattacks on medical information. If healthcare providers are complacent to safeguarding personal information they will risk losing substantial revenues and patients as a result of medical identity theft."
- According to the U.S. Department of Health and Human Services' Office for Civil Rights, almost 1.6M people had their medical information stolen from healthcare providers last year. Unfortunately, victims of medical identity theft have no automatic rights to recover their losses.
- Accenture projects that ~4M people will ultimately be victimized and pay out-of-pocket costs of ~$56B. It also says that if medical systems proactively address cybersecurity (hint: retain Accenture) it can reduce the risk of data breaches by 53%.
Oct. 7, 2015, 2:49 PM
- Accenture (ACN +0.7%) is partnering with Amazon Web Services (AWS), by far the biggest player in the public cloud infrastructure (IaaS) services market, to create the AWS Business Group, an Accenture unit that will offer consulting and IT services to enterprises looking to migrate and/or run workloads on AWS.
- Accenture and Amazon (NASDAQ:AMZN) promise to "invest significant resources over multiple years in the development of new services and technology solutions including application migration and development, cloud-based enterprise applications, and analytics and Big Data solutions," and to "train an additional 1,000 Accenture professionals and certify 500 Accenture professionals on the AWS Cloud in the first year."
- Initially, the main focus areas will be "transformation services" for migrating existing apps and developing new apps on AWS, and enabling AWS-powered big data/analytics services. IoT and security-related services will be explored, among others.
- The announcement comes during Amazon's annual AWS re:Invent conference, and a day after Accenture announced a refresh for its cloud services platform. New features include easier virtual machine migration, better data resource control and bill management, and integration with top cloud IT service management (ITSM) software vendor ServiceNow's products.
Oct. 1, 2015, 8:33 AM
Sep. 24, 2015, 8:28 AM
- Accenture (NYSE:ACN) -4.4% premarket despite beating FQ4 earnings and revenue expectations, as it guides its Q1 revenue outlook below Wall Street estimates.
- ACN foresees FQ1 revenues of $7.70B-$7.95B vs. $8.12B analyst consensus estimate, due mainly to a stronger dollar; for FY 2016, ACN sees EPS of $5.09-$5.24 vs. $5.22 consensus, and revenues up 1%-4% (up 5%-8% in local currency) to $31.3B-$32.3B vs. $32.6B consensus.
- For FQ4, revenue before reimbursements rose 1.4% to a better than expected $7.89B, but excluding currency impacts, revenue would have grown 12%.
- FQ4 consulting business revenue rose 14% Y/Y in local currency terms, and revenue in the outsourcing business gained 9%; consulting accounts for slightly more than half of ACN's total revenue, while outsourcing contributes the rest.
- ACN's board also approves $5B in additional share repurchase authority.
- Also: Accenture declares $1.10 dividend
Sep. 24, 2015, 7:28 AM
- Accenture (NYSE:ACN) declares $1.10/share semi-annual dividend, 7.8% increase from prior dividend of $1.02.
- Forward yield 2.25%
- Payable Nov. 13; for shareholders of record Oct. 13; ex-div Oct. 8.
Sep. 24, 2015, 7:01 AM
- Accenture (NYSE:ACN): FQ4 EPS of $1.15 beats by $0.03.
- Revenue of $7.89B (+1.4% Y/Y) beats by $210M.
Sep. 23, 2015, 5:30 PM
Sep. 15, 2015, 12:52 PM
- Accenture (ACN +1.4%) is acquiring Cloud Sherpas, an advisory/IT services firm that helps enterprises deploy cloud apps from Google, Salesforce, and ServiceNow. As usual, terms are undisclosed.
- Cloud Sherpas' 1,100+ workers will join Accenture's newly-formed Cloud First Applications consulting/services team. Accenture notes it already has over 2,700 Salesforce-certified professionals, and that Cloud Sherpas will provide it with another 500.
- Recent Accenture acquisitions
Sep. 8, 2015, 3:52 PM
- Accenture (ACN +2.8%) is buying S3 Technology, a provider of consulting, testing, service monitoring, and diagnostic services for pay-TV providers. Terms are undisclosed.
- Accenture plans to integrate S3's offerings with its Digital Video Services unit, and its Video Solution software. The company states the deal will help it provide clients with solutions that pair traditional linear TV broadcasts with "non-linear services such as catch-up TV and video on demand."
- Separately, Argus has upgraded Accenture to Buy. The firm cites valuation, healthy top-line growth (when adjusted for forex), and growing margins/free cash flow. "Accenture’s breadth of services, its unmatched number of verticals served, and the reach of its global delivery network have enabled the company to establish 'unique relationships' with top-tier companies among its global 2,000 customer base."
- Shares are rallying on a day the S&P is up 2.4%.
- Recent Accenture acquisitions
Aug. 17, 2015, 4:09 PM
- Accenture (NYSE:ACN) has bought Total Logistics, a U.K.-based provider of logistics/supply chain-related IT consulting services. As usual, terms are undisclosed.
- Accenture, looking to profit from the major investments being made by traditional retailers to expand their e-commerce offerings, will initially use Total's services to support retail/consumer goods clients. Other industries such as life sciences, automotive, and industrial equipment will be supported later.
- Recent acquisitions: EnergyQuote JHA, Solium, PacificLink, Brightstep
Jul. 21, 2015, 12:18 PM
- Accenture's (ACN -0.4%) latest buyout target is EnergyQuote JHA, a London-based provider of energy management services for European firms. As usual, terms are undisclosed.
- EnergyQuote has 279 employees in Europe and India. Offered services include energy procurement, forecasting, emissions reduction, and risk, contract, portfolio, and utility bill management. Accenture asserts the purchase will extend its "industry-leading position in the procurement market and enhance [its] ability to provide comprehensive energy management services."
- Yesterday, Accenture announced it's taking full ownership of its enterprise cloud/mobile services JV with BBVA.
Accenture Plc operates as an investment holding company with interest in providing management consulting, technology and outsourcing services. The company's business is structured around five operating groups, which together comprise nineteen industry groups serving clients in major industries... More
Industry: Management Services
Country: United States
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