180.00 -3.31 (-1.81%)
Pre-Market: 7:45AM EDT
|Bid||180.11 x 800|
|Ask||180.00 x 900|
|Day's Range||183.31 - 185.93|
|52 Week Range||132.63 - 187.31|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||26.67|
|Earnings Date||Jun 27, 2019|
|Forward Dividend & Yield||2.92 (1.58%)|
|1y Target Est||187.76|
Nike earnings are on tap Wednesday. Accenture and Walgreens earnings also are due. All three stocks are near key levels. RealReal is set to IPO.
Accenture (NYSE: ACN ) unveils its next round of earnings this Thursday, June 27. Get prepared with Benzinga's ultimate preview for Accenture's Q3 earnings. Earnings and Revenue Sell-side analysts expect ...
Accenture (NYSE: ACN) will acquire BCT Solutions, a consultancy firm specializing in cybersecurity. BCT Solutions was founded in 2015 by veterans Patrick Batch and Angus Heatley, and has offices in Canberra and Brisbane. About 87% of its workforce has served in the Australian Defence Force.
Accenture has been selected to provide intelligent automation / artificial intelligence services to the U.S. Department of Health and Human Services Program Support Center .
Accenture (ACN) has collaborated with JPMorgan Chase & Co. (JPMC) to design its new flagship retail store within its global headquarter campus in New York City. Opening June 25, the new location at 390 Madison Avenue provides an integrated experience that combines digital concepts and technologies. The new physical location has open lounges, private offices and flexible spaces that can accommodate a variety of community events for different audiences.
Nearly three-quarters (72%) of industry sectors experienced an increase in disruption over the past eight years, leaving US$41 trillion in enterprise value (market capitalization + net debt) exposed to disruption today, according to a new report from Accenture (ACN). The report, titled “Breaking Through Disruption: Embrace the Power of the Wise Pivot” is based on Accenture’s proprietary Disruptability Index, which measures the current level of disruption, as well as susceptibility to future disruption, of 18 industries using an analysis of 10,000 publicly listed companies.
IDC MarketScape evaluated the Capabilities and Strategies of 12 AI services providers, including the AI services that are utilized to assess, plan, design, implement, and operate AI software platforms, AI applications, and AI-enabled automation of rule-based tasks and processes. "Smart investments in both skills and technology solutions to build out Accenture Applied Intelligence gave Accenture a strong position in the AI services market," said Jennifer Hamel, research manager, Analytics and Intelligent Automation Services, IDC.
Accenture will host a conference call at 8:00 a.m. EDT tomorrow, June 27, to discuss its third-quarter fiscal year 2019 financial results. A news release containing these results will be issued before the call.
Accenture (ACN) has entered into an agreement to acquire BCT Solutions (BCT), a privately held technology consultancy that specialises in Command and Control, Cybersecurity, Cyber Defence services and expertise, supporting the delivery of Defence, National Security and Public Safety mission-support capabilities. Accenture has worked to support the objectives of Australia’s government for more than 20 years and the acquisition of BCT will further bolster Accenture’s deep Cybersecurity, Cyber Defence and technical expertise and advance its strategy to be a leading provider of end-to-end capabilities for its government clients.
Infosys (INFY) enters into a long-term partnership with Toyota Material Handling Europe to drive the latter's digital transformation pursuit.
Accenture's (ACN) third-quarter fiscal 2019 results are likely to reflect strength across the majority of its segments and strong operating performance.
Accenture (ACN) has received the first-ever CODiE award from the Software & Information Industry Association (SIIA) for Best Diversity & Inclusion Team of the Year. SIIA, the leading association representing the software and digital content industries, presents the CODiE awards every year to software, products, and services teams that have achieved excellence and innovation in technology. Acknowledging the critical link between innovation and a diverse workforce, SIIA added the “Best Diversity & Inclusion Team of the Year” award as a new category in 2019.
(Bloomberg Opinion) -- A bidder offers a 650 million-euro ($740 million) premium for a smaller rival and the stock market rewards it by raising its own market value by 1.3 billion euros. No prizes for guessing who got the better side of the deal in Capgemini SE’s agreement to by smaller French consulting peer Altran Technologies SA for 3.6 billion euros in cash. Altran shareholders should ask whether management got the best price.The acquisition makes strategic sense, adding engineering and R&D services to Capgemini’s core IT consulting offer. The buyer’s growth has been less impressive than that of peers lately, and sensible M&A offers the potential for a pick-up.Financially, the transaction looks good value for Capgemini. Altran’s shares collapsed last year after the group revealed a forgery in the Aricent business it acquired from KKR & Co. While the stock had recovered a lot prior to Capgemini’s deal, the damage wasn’t fully repaired. The takeover premium here is a humdrum 22% over Monday’s closing price and a more conventional 30% only when measured over the last three months’ average.A year ago, Altran implied it had the capacity to be generating nearly 600 million euros of operating profit in 2022. Add to that cost savings of around 85 million euros – the middle of the range Capgemini says is achievable – and the total 5 billion-euro investment (including assumed net debt) looks capable of earning a 9% post-tax return inside three years. That should be good enough for Capgemini shareholders. And revenue synergies would only lift this higher.True, this is a relatively large purchase for Capgemini, capitalized at 19 billion euros, so integration could be a distraction. The company’s leverage will shoot up, given the cash paid out to Altran’s shareholders and the target’s existing high leverage following the Aricent deal. But these additional risks are tolerable given the overall logic.As for Altran shareholders, they get an offer valuing the group roughly where Capgemini trades on forward earnings. The target doubtless feels the offer captures the value of its own strategic plan, otherwise it wouldn’t be recommending the transaction. Still, it looks like Capgemini could have afforded to pay more here.Altran shareholders will hope for a counterbid. Accenture may be tempted to look, although the target could be too big, and Capgemini already has backing from shareholders with 11% of the stock. The shares, trading just below the bid, aren’t pricing in a gatecrasher. It would take an activist and full-blown shareholder rebellion to force Capgemini higher.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: Jennifer Ryan at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- Capgemini SE said it will acquire Altran Technologies SA in a 3.6 billion-euro ($4.1 billion) deal in order to win more tech clients and keep up with rivals.Paris-based Capgemini is looking to maintain its position as a major IT consultancy in a consolidating industry, as competitors such as Accenture have been building out their sales from digital projects.Capgemini’s shares rose as much as 8% in early morning trading in Paris Tuesday, the most since October 2011. Altran rose 21% to 13.9 euros, trading just below the 14 euros-a-share offer price.Analysts broadly backed the deal. "We think this deal should bring strong value creation and provides scale that can help Capgemini close the valuation gap to larger rivals such as Accenture," said Neil Campling, analyst at Mirabaud.The 14 euros-a-share cash portion of the deal amounts to 3.6 billion euros 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.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.”When combined Capgemini and Altran -- also based in Paris -- will be able to help clients in areas such as cloud computing, the internet of things, 5G, and artificial intelligence software, Capgemini Chief Executive Officer Paul Hermelin said in a statement.In an interview with Bloomberg TV, Hermelin added that Altran adds "beautiful accounts" such as Intel Corp, Cisco Systems Inc. and Microsoft Corp., but added that the group still needed to develop its business in Asia. The combination of the two companies will result in a group with 17 billion euros in annual revenue and more than 250,000 employees.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.(Updated with CEO interview.)To contact the reporters on this story: Nico Grant in San Francisco at email@example.com;Francois de Beaupuy in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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.
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 firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, 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.