Technology, consulting and outsourcing -- Accenture Plc. (ACN) is blazing the three guns simultaneously. Accenture’s recent win at the U.S. Air Force and some of the other deals that the company has grabbed in the recent past confirms the abovementioned fact.
The company has been successful in securing a $42.2 million contract from the Air Force to enhance their financial managementsystem. As per the contract, Accenture will help in the development of the second phase of the Defense Enterprise Accounting and Management System (:DEAMS). DEAMS facilitates data transfer between the U.S. Transportation Command (:TRANSCOM) and the Defense Finance and Accounting Service (:DFAS).
According to the contract, Accenture will help the U.S. Air Force to launch and support DEAMS in various bases of the U.S. Airforce.
Economic recovery has led to an increase in deal wins for Accenture. However, not many of them are from the private sector. During this phase, the steady deal wins from the U.S. Government have helped the company a great deal.
Accenture has a dedicated team that focuses on securing deals from various sectors. This business model provides the necessary support to the company’s revenue stream.
Although frequent deal wins have helped the company, competition from companies like IBM Corp. (IBM) continues to increase. Additionally, a strained spending environment as well as significant exposure to Europe may temper growth to some extent.
Currently, Accenture has a Zacks Rank #3 (Hold).
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