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Accenture (ACN) Introduces New 5G Acceleration Services

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Shares of Accenture plc ACN have gained 25.3% over the past year, outperforming the S&P 500’s 16.6% rally.

At the Mobile World Congress America last Friday, the company unveiled 5G Acceleration Services, aimed at speeding up the process of the deployment of 5G network technology.

Focused on 5G strategy, use cases and business models, device innovation, network deployment approach, architectural as well as platform innovation, the new set of services is expected to counter deceleration of 5G deployment.

It can be availed by a range of communications industry players such as communications service providers (CSPs), device manufacturers, network operators, over-the-top content suppliers, multiple-system operators, internet software and platform players.

Jefferson Wang, managing director, Accenture Strategy, Communications, Media & Technology, stated, “Accenture 5G Acceleration Services provides our clients with a framework and a set of analytics powered tools to help ensure they’re making the right investments in the right areas. The new services will help clients create their 5G vision and start their journey to make it a reality.”

Accenture PLC Revenue (TTM)

 

Accenture PLC Revenue (TTM) | Accenture PLC Quote

 

Communications, Media & Technology Segment to Benefit

We believe that the move will help Accenture boost performance in the Communications, Media & Technology segment that serves communications, media, software, high tech and platform companies. Performance of this segment was strong in the last reported quarter with revenues increasing 22% on a year-over-year basis.

Zacks Rank & Key Picks

Accenture carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader Business Services Sector are WEX Inc WEX, NV5 Global, Inc NVEEand Total System Services, Inc TSS, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The long-term expected earnings per share (three to five years) growth rate for WEX, NV5 Global and Total System is 15%, 20% and 14.6%, respectively.

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