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Accenture plc (ACN)

  • Wed, Oct. 7, 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.
    | Wed, Oct. 7, 2:49 PM | 7 Comments
  • Thu, Oct. 1, 8:33 AM
    | Thu, Oct. 1, 8:33 AM | 8 Comments
  • Thu, Sep. 24, 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
    | Thu, Sep. 24, 8:28 AM | Comment!
  • Thu, Sep. 24, 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.
    | Thu, Sep. 24, 7:28 AM | Comment!
  • Thu, Sep. 24, 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.
    • Press Release
    | Thu, Sep. 24, 7:01 AM | Comment!
  • Wed, Sep. 23, 5:30 PM
  • Tue, Sep. 15, 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
    | Tue, Sep. 15, 12:52 PM | Comment!
  • Tue, Sep. 8, 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
    | Tue, Sep. 8, 3:52 PM | Comment!
  • Mon, Aug. 17, 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
    | Mon, Aug. 17, 4:09 PM | Comment!
  • Tue, Jul. 21, 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.
    | Tue, Jul. 21, 12:18 PM | Comment!
  • Mon, Jul. 20, 2:34 PM
    • Accenture (ACN +0.5%) has assumed full ownership of its Solium cloud/mobile services JV with Spanish bank BBVA for an undisclosed sum. Accenture previously owned a 33.3% stake, and BBVA the rest.
    • Solium, based in Spain and founded in 2001, provides technical services to enterprises looking to deploy private or hybrid clouds, as well as mobile infrastructure management services. Accenture notes Solium's "primary client base is in the financial services industry in Europe, and particularly Spain," while adding it also "serves companies in other industries including natural resources, consumer products, communications and technology."
    • As part of the deal, Solium will continue providing hybrid cloud services to BBVA for 5 years.
    • Recent Accenture acquisitions: PacificLink, Brightstep, Javelin Group
    | Mon, Jul. 20, 2:34 PM | Comment!
  • Wed, Jul. 8, 2:07 PM
    • Accenture (ACN -0.9%) is buying PacificLink, the owner of five Hong Kong digital service agencies employing 240 workers between them. Terms are undisclosed.
    • Like Swedish agency Brightstep and Australian agency Reactive Media, PacificLink will be added to Accenture Interactive, which provides a variety of digital ad, content, design, and e-commerce services.
    • Last week, Accenture announced an $830M deal to sell U.S. airline reservation system provider Navitaire for $830M.
    | Wed, Jul. 8, 2:07 PM | Comment!
  • Thu, Jul. 2, 7:38 AM
    • Looking to focus on digital services for airline passengers, Amadeus (OTCPK:AMADY) said it would buy Navitaire, a subsidiary of Accenture (NYSE:ACN), for $830M.
    • Amadeus expects the deal, which is expected to close in the fourth quarter, to be immediately accretive to earnings.
    | Thu, Jul. 2, 7:38 AM | Comment!
  • Thu, Jun. 25, 9:38 AM
    • With an FQ3 beat in tow, Accenture (NYSE:ACN) now forecasts FY15 (ends in August) adjusted EPS of $4.73-$4.78 vs. a prior $4.66-$4.76; consensus is at $4.74. FY15 constant currency revenue growth guidance has been hiked to 9%-10% from 8%-10%; consensus in U.S. dollars is 1.7%. Free cash flow guidance remains at $3.4B-$3.7B.
    • Bookings: New consulting bookings rose by $200M Y/Y to $4.5B; new outsourcing bookings fell by $500M to $4B. Forex had a 10% impact on new bookings. Accenture still expects FY15 new bookings of $33B-$35B.
    • Geographic performance: North American revenue +11% Y/Y to $3.6B. Europe -10% to $2.7B (+7% exc. forex). Growth markets -2% to $1.5B (+13% exc. forex).
    • Segment performance: Telecom/media/tech revenue +8% to $4.7B. Financial services +2% to $4.9B. Health/public service +9% to $4.1B. Products +4% to $5.6B. Resources -2% to $3.8B.
    • Financials: $518M was spent on buybacks (lifted EPS). Gross margin fell 30 bps Y/Y to 32.5%. Op. margin rose 20 bps to 15.4%, thanks to SG&A falling to 17.1% of revenue from 17.5%. Accenture ended FQ3 with $4B in cash, and $27M in debt.
    • Shares have made new highs. They're up 13% YTD.
    • FQ3 results, PR
    | Thu, Jun. 25, 9:38 AM | 1 Comment
  • Thu, Jun. 25, 7:03 AM
    • Accenture (NYSE:ACN): FQ3 EPS of $1.30 beats by $0.07.
    • Revenue of $7.77B (+0.4% Y/Y) beats by $220M.
    • Shares -2.03% PM.
    • Press Release
    | Thu, Jun. 25, 7:03 AM | Comment!
  • Wed, Jun. 24, 5:30 PM
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Company Description
Accenture PLC is a professional service company. The Company is engaged in providing management consulting, technology and outsourcing services to clients.
Sector: Services
Country: United States