U.S. markets close in 5 hours 43 minutes
  • S&P 500

    3,237.36
    -9.23 (-0.28%)
     
  • Dow 30

    26,705.30
    -110.14 (-0.41%)
     
  • Nasdaq

    10,684.55
    +12.28 (+0.12%)
     
  • Russell 2000

    1,459.32
    +7.50 (+0.52%)
     
  • Crude Oil

    39.89
    -0.42 (-1.04%)
     
  • Gold

    1,861.30
    -15.60 (-0.83%)
     
  • Silver

    22.99
    -0.21 (-0.89%)
     
  • EUR/USD

    1.1620
    -0.0056 (-0.48%)
     
  • 10-Yr Bond

    0.6560
    -0.0100 (-1.50%)
     
  • GBP/USD

    1.2695
    -0.0056 (-0.44%)
     
  • USD/JPY

    105.6950
    +0.2930 (+0.28%)
     
  • BTC-USD

    10,614.83
    -145.76 (-1.35%)
     
  • CMC Crypto 200

    216.37
    -1.46 (-0.67%)
     
  • FTSE 100

    5,821.08
    -1.70 (-0.03%)
     
  • Nikkei 225

    23,204.62
    +116.80 (+0.51%)
     

Accenture to Use InCountry's Solution in Its Cloud Platform

Zacks Equity Research

Accenture plc ACN recently announced that it has made a strategic investment in InCountry. The financial terms of the deal made through Accenture Ventures, the company’s corporate venture-capital arm, have been kept under wraps.

InCountry is a San Francisco, CA-based provider of data residency-as-a-service platform and consultancy. Its solutions help software-as-a-service companies make sure that their company and customer data is used in compliance with local regulations.

Accenture plans to use InCountry’s solution within its myNav cloud platform, as part of its sovereign cloud module. The company is now one of InCountry’s key channel partners.

Tom Lounibos, managing director, Accenture Ventures, said, “InCountry’s solution sits at the intersection of the cloud, security and compliance priorities of our clients and can have a significant impact on how they operate in the cloud.”

The deal is a part of Accenture’s continuous efforts to invest in emerging technologies capable of creating value for the company’s clients across the world.

Notably, shares of Accenture have gained 13.4% year to date compared with 14.1% rally of the industry it belongs to and 6.8% growth of the Zacks S&P 500 composite.

Zacks Rank and Other Picks

Accenture currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are BG Staffing BGSF, CoreLogic CLGX and Sykes Enterprises SYKE, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

Long-term earnings (three to five years) growth rate for BG Staffing, CoreLogic and Sykes Enterprise is estimated at 20%, 12% and 8%, respectively.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Sykes Enterprises, Incorporated (SYKE) : Free Stock Analysis Report
 
Accenture PLC (ACN) : Free Stock Analysis Report
 
CoreLogic, Inc. (CLGX) : Free Stock Analysis Report
 
BG Staffing Inc (BGSF) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.