213.90 0.00 (0.00%)
After hours: 4:57PM EST
|Bid||212.96 x 800|
|Ask||214.20 x 1000|
|Day's Range||211.66 - 216.32|
|52 Week Range||158.88 - 216.39|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||28.54|
|Earnings Date||Mar 18, 2020|
|Forward Dividend & Yield||3.20 (1.48%)|
|Ex-Dividend Date||Jan 14, 2020|
|1y Target Est||222.22|
Accenture Federal Services has received FedRAMP authorization for its Managed Detection and Response cyber capability.
Investments in global fintech firms fell 3.7 per cent in 2019, hurt by a sharp decline in deal activity in China in 2019 against the backdrop of a bruising trade war between Washington and Beijing, according to a new report by the consulting firm Accenture.Despite the steep fall-off in activity by Chinese companies, there were 3,472 deals worth US$53.3 billion globally last year, the second-highest value of investments since 2013, Accenture said. That compared with 3,251 investments worth a record-high US$55.3 billion in 2018.Deal activity was marked in 2018 by Ant Financial Services, the operator of Alipay and an affiliate of Alibaba Group Holding, raising US$14 billion in the largest fintech investment that year. Excluding the Ant Financial deal, global fintech investments would have increased 29 per cent last year, according to Accenture. Alibaba is the parent company of the South China Morning Post."Despite strong demand for fintech globally, it's likely that, as start-ups become more mature, investments will flow to fast-growing economies, where there's still a huge, unaddressed consumer and corporate market thirsty for innovations," said Julian Skan, a senior managing director in Accenture's Financial Services practice.Accenture used data from CB Insights, a global venture finance data and analytics firm, for its analysis.Despite the future potential of emerging markets, fintech investors continued to favour the United States, which retained the crown as the biggest market for fintech deals worldwide last year. The value of deals in the US jumped 54 per cent to US$26.1 billion in 2019. Fintech investments in the United Kingdom rose 63 per cent to US$6.3 billion, while India, Brazil and Germany posted strong gains. 'No way.' Chinese firms won't be buying in US, Europe, says former Sinopec bossInvestment in Asia is likely to increase in 2020 and some later stage fintech companies may seek to list their shares this year, driven by an "incredible growth" in the middle class and more people migrating to urban centres in the region, according to a report by Ecosystm, a technology research and advisory firm."While Asia may seem a mile away from financial institutions operating in most mature economies, the growth in investment in Asia will allow these technologies to put newcomers in a better position to disrupt the incumbents," Paul Gestro and Amit Gupta, its co-authors, said in the November report. "With fairly open government policies through most of Asia and a generally underdeveloped banking sector that allows innovation to flourish, scaling up will happen fast and if you blink you will miss out."In China, the number of fintech investments fell 38 per cent to 216 transactions last year, compared with 348 deals in 2018, Accenture said.The overall amount of fintech investments in China was US$1.9 billion in 2019, compared with US$25.5 billion in the prior year. Excluding the Ant Financial transaction, fundraising in China still dropped 83 per cent last year."Venture capital investments are cyclical, so it's not unexpected that they may decline after a period of record volumes or very intense activity," said Albert Chan, Accenture's Greater China financial services lead, adding that there were hardly any mega deals there in 2019.The largest fintech deal in China last year was the US$145 million financing of insurtech Shuidi Huzhu in June. Four deals, including the Ant Financial transaction, accounted for nearly US$20 billion in investment in China in 2018.Fintech deals in Singapore more than doubled to US$861 million in 2019, with 39 per cent of investments going to payments start-ups, according to Accenture. Singapore had deals worth US$365 million in 2018.Hong Kong saw its fintech investments nearly to double to US$374 million in 2019 as the city issued licences to its first virtual banks, which are expected to make their debut later this year, Accenture said. That compared with US$188 million in 2018.The largest deal in the city was US$156 million raised in December by WeLab, which won a virtual banking licence in Hong Kong last year.Purchase the China AI Report 2020 brought to you by SCMP Research and enjoy a 20% discount (original price US$400). This 60-page all new intelligence report gives you first-hand insights and analysis into the latest industry developments and intelligence about China AI. Get exclusive access to our webinars for continuous learning, and interact with China AI executives in live Q&A.; Offer valid until 31 March 2020.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
Accenture has acquired award-winning product design and innovation agency VanBerlo.
Accenture was named a leader for application and digital services across all key financial services sectors by Everest Group.
Accenture was named leader in both Market Impact and Vision & Capability by Everest Group.
The most sustainable companies outside the U.S. outperformed a key benchmark for international stocks, mirroring the strength of the companies in Barron’s third annual ranking of the 100 most environmentally and socially responsible businesses in this country.
Cybersecurity has emerged as the top focus of upstream oil and gas companies’ digital investments, says Accenture.
TORONTO , Feb. 12, 2020 /CNW/ - To compete and succeed in a world where digital is everywhere, companies need a new focus on balancing "value" with "values," aligning their drive to create business value with their customers' and employees' values and expectations, according to Accenture Technology Vision 2020. The 20th edition of Accenture's (ACN) annual report predicts the key technology trends that will redefine businesses over the next three years. As companies enter the decade of delivering on their digital promises — and in a world where digital technology is everywhere — a new mindset and approach is required.
TORONTO and CALGARY , Feb. 11, 2020 /CNW/ - Accenture (NYSE: ACN) has appointed Elizabeth Boright as its Alberta managing director, effective immediately. In this role, Boright will leverage more than 20 years of experience at Accenture to lead the firm's business in Calgary , Edmonton and across the province of Alberta , focusing on bringing innovation to clients, attracting top talent and strengthening Accenture's impact. Based in Calgary , Boright will continue as managing director in Accenture's Technology practice with a focus on clients within the energy, utilities, retail and public service industries.
Accenture Federal Services was named prime systems integrator for the US Navy’s Logistics and IT Transformation Model.
Accenture is positioned as leader in Vision and Capability in Everest Group’s PEAK Matrix for Cloud Services and Cloud ERP 2020 reports.
This region's business community has a giant opportunity before us as Amazon.com Inc.'s HQ2 promises to help redefine our regional economy. The key is how to best capitalize on that opportunity.
Accenture agreed to acquire Mudano, a strategic data consultancy to U.K. financial services firms.
Only 17% of organizations globally are considered "leaders" in cyber resilience, says Accenture.
Accenture signed an agreement to acquire the Workday, Salesforce and MuleSoft practices from Sierra-Cedar.