|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||185.58 - 187.15|
|52 Week Range||132.63 - 187.31|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||27.08|
|Earnings Date||Jun 27, 2019|
|Forward Dividend & Yield||2.92 (1.57%)|
|1y Target Est||183.86|
Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture (ACN) today announced the winners of the fourth Innovation in Insurance Awards at the annual awards ceremony, held in Amsterdam. Showcasing the best examples of insurance technology innovations in multiple categories, the awards competition this year attracted 395 submissions from 287 institutions in 54 countries.
(Bloomberg) -- Capgemini SE said it will acquire Altran Technologies SA for 14 euros-a-share to expand its software engineering network with internet and technology companies.The total cash portion of the deal amounts to 3.6 billion euros ($4.10 billion) excluding net debt of 1.4 billion euros, the companies said in a statement Monday. The offer is a 22% premium to Altran’s closing price on Friday.Paris-based Capgemini is pursuing additional scale to keep up with a consolidating information technology services industry. When combined, the companies will be able to help clients adopt new solutions, such as cloud computing, the internet of things, 5G, and artificial intelligence software, Chief Executive Officer Paul Hermelin said in the statement.The proposal is a “positive step, as it looks to significantly expand into R&D and engineering, two areas becoming main growth drivers for IT-outsourcing companies,” said Anurag Rana, a Bloomberg Intelligence analyst. “The deal would enable Capgemini to compete more aggressively with Accenture, which generates more than 60% of sales from digital projects.”The combination of the two companies will result in a group with 17 billion euros in annual revenue and more than 250,000 employees. Altran’s U.S. depositary receipts rose as much as 65%, the most since February 2012. They were up 34% to $1.65, at 1:21 p.m. in New York.The purchase is the biggest for Capgemini since 2000, according to data provided by Bloomberg.Hermelin expressed confidence on a conference call Monday that there are no antitrust issues associated with the takeover since “the market is very fragmented.”Still, the companies’ businesses do overlap, as they provide some of the same services to similar industries. Capgemini expects the deal to boost earnings per share by 25% by 2023, from 15% before the transition is completed.To contact the reporters on this story: Nico Grant in San Francisco at firstname.lastname@example.org;Francois de Beaupuy in Paris at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The new 10,000-square-foot office in midtown Sacramento is designed to be a collaborative space for the consulting practice.
(Bloomberg) -- While global banks have been pouring money into information technology -- to the tune of $1 trillion over three years -- only a handful appear to be fully committed to a digital transformation and are therefore reaping the benefits, according to an Accenture Plc study.Just 19 of the 161 largest retail and commercial banks that the consulting firm examined have been focusing enough on digital strategies to “make the shift to a different sort of bank,” Accenture said in the report, released Thursday. And those that did were rewarded for their efforts, the firm said.All the banks studied, based in 21 countries, started at roughly similar rates of return on equity in 2011, but by 2017 the banks that Accenture identified as “digital focused” had ROE that rose 0.9 percentage points. The 81 least digitally focused banks, meanwhile, saw their ROE slip 1.1 percentage points -- and Accenture researchers said the gap is likely to continue to widen through 2021. ROE at a middle group of 61 “digital active” banks was little changed.“You could see in those three groups the performance deferential,” Alan McIntyre, an Accenture senior managing director and co-author of the report, said in an interview. “You see a gap, and where the gap is coming from, and it’s coming from digital.”Cost-CuttingThe $1 trillion estimate by Accenture is for retail and commercial banks globally, and includes all internal and external hardware, software, service and information-technology staff costs. The most digitally focused banks became more profitable through cost-cutting, Accenture researchers said, and Wall Street has rewarded them with higher valuations. While the study didn’t include names of the banks studied, McIntyre said that the 19 most digitally focused banks include JPMorgan Chase & Co.New York-based JPMorgan, the largest U.S. bank, has been a top spender among financial firms in the technology arms race. In February, it said it planned to boost its tech budget by $600 million to $11.4 billion this year.“Everyone is trying to do something -- there’s not any bank in the world that’s ignoring digital,” McIntyre said. “Everyone’s trying to become more digital, but it takes organization, evangelism, commitment and structure.”(Updates with co-author’s comment in last paragraph.)\--With assistance from Michelle F. Davis and Jenny Surane.To contact the reporter on this story: Elizabeth Rembert in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Daniel Taub, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Accenture (ACN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The $1 trillion invested by traditional banks globally over the past three years to improve their technology has not yet delivered the revenue growth that had been expected, according to an Accenture report released on Thursday. The consultancy analyzed more than 160 of the largest retail and commercial banks in 21 countries to determine whether those making the most progress on technology were achieving better financial performance. Banks had hoped that by creating better digital products and experiences for customers they would have achieved the same fast user and revenue growth as new tech-savvy competitors or large technology firms, Alan McIntyre, a senior managing director at Accenture and head of its global banking practice, said in an interview.
The US$1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the anticipated revenue growth, according to a new report from Accenture (ACN). The report — “Caterpillars, Butterflies, and Unicorns: Does Digital Leadership in Banking Really Matter?” — analyzed more than 160 of the largest retail and commercial banks in 21 countries to assess their level of digital maturity and determine if digital leadership is driving superior financial performance, including market valuation, profitability, top-line revenue growth and efficiency.
Hewlett Packard's (HPE) new intelligent platform will help businesses by delivering autonomous, self-managing data storage, and accelerate application performance.
Mega funding round unveiled Tuesday marks the latest investment for Accenture Ventures and sheds more light on how entrepreneurs can secure an Accenture investment and access to its global customers.
Although insurers are eager to create or join business ecosystems to spur growth amid industry disruption, few insurers are currently well-positioned to succeed as ecosystem partners, according to a new report from Accenture (ACN). Based on a study of more than 1,250 business leaders, including 106 insurance executives, the ‘Insurers: Go All-In On Ecosystems’ report from Accenture Strategy found that the majority (84%) of insurance executives acknowledge that ecosystems are important to their business strategy and that more than half (54%) are actively seeking ecosystem opportunities.
Accenture (ACN) is announcing the acquisition of Deja vu Security, a privately held company that specializes in security design and testing of enterprise software platforms and internet of things (IoT) technologies. The Seattle-area company has become part of Accenture Security’s Cyber Defense offerings. Serving some of the world’s largest technology companies, Deja vu Security provides a full range of security services designed to strengthen business applications and increase cyber resilience by integrating security throughout the product development lifecycle.
Seven-episode series is hosted by Accenture’s Brent Chaters and technology reporter Amber Mac
TORONTO , June 17, 2019 /CNW/ - Accenture (NYSE: ACN) today launched Marketing Disrupted, a seven-episode podcast series focusing on key themes and challenges that chief marketing officers (CMOs) face in this age of digital disruption. Through interviews with forward-thinking CMOs and other leaders, the series highlights the explosive pace of technology and its impact on the challenges of today's CMO.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the […]
Accenture (ACN) has been ranked number one in the HFS Research Top Ten Report for Google AI Services 2019, which assessed and rated the Google artificial intelligence (AI) capabilities of service providers across execution, innovation and client feedback criteria. “Accenture committed and invested in its relationship with Google early on, which shows they have skin in the game in terms of making Google’s technology relevant to enterprise clients,” said Reetika Fleming, research director, HFS Research.
Looking to be CEO of a major company and make a few million bucks a year? The help wanted sign is out. Several major CEO jobs are available.
Accenture (ACN) today announced that Michael J. Redding, managing director of Accenture Ventures, has been named to the Global Corporate Venturing (GCV) Powerlist 2019. Redding ranks #9 on the list of the top 100 corporate venturing leaders worldwide, in recognition of his strategy and leadership capabilities. The annual GCV Powerlist assessed more than 2,200 corporate venturing units worldwide based on an evaluation of thought leadership, vision, and demonstrated motivational abilities, as well as its portfolio of acquisitions, investments and business partnerships.
The aerospace and defense (A&D) industry will be more affected by artificial intelligence (AI) than by any other major emerging technology over the next three years, according to Aerospace & Defense Technology Vision 2019, the annual report from Accenture (ACN) that predicts key technology trends likely to redefine business. The study also underscores the growing importance of reskilling programs as a competitive lever. AI, comprising technologies that range from machine learning to natural language processing, enables machines to sense, comprehend, act and learn in order to extend human capabilities.
The Carter Center has added more than 30 high-profile Georgia business leaders to its leadership advisory group.
“The Big Zero” by Accenture Strategy shows how companies can shift resources to fund innovation and growth