Accenture Plc Ireland Stock Price, News & Analysis

Accenture (ACN) reported Q2 fiscal 2023 results with revenues of $15.8 billion, a 5% increase in U.S. dollars and 9% in local currency over the previous year. New bookings reached a record $22.1 billion, up 13% in U.S. dollars, reflecting strong client confidence. GAAP EPS were $2.39, down from $2.54 year-over-year, while adjusted EPS increased 6% to $2.69. The company declared a quarterly cash dividend of $1.12 per share, a 15% increase year-over-year. For fiscal 2023, Accenture now expects revenue growth of 8% to 10% in local currency and adjusted EPS guidance of $11.41 to $11.63.

Accenture (NYSE: ACN) and Adobe (Nasdaq: ADBE) are partnering to enhance enterprise marketers' content supply chains. Their new services, launched at Adobe Summit 2023, are built on Adobe’s integrated Content Supply Chain solution, enabling marketers to create and deliver personalized content at scale. As customer preferences evolve, marketers face challenges in producing optimized content efficiently. Accenture's expertise in process improvement and Adobe’s creative applications will help marketers cut costs and drive growth. Additionally, both companies are piloting these services internally, showing significant improvements in campaign performance and resource management.

Accenture (NYSE: ACN) and Adobe (Nasdaq: ADBE) have partnered to enhance enterprise marketing through optimized content supply chains. Announced at Adobe Summit 2023, the collaboration utilizes Adobe's Content Supply Chain technologies alongside Accenture's marketing and process improvement expertise. This initiative aims to help brands create personalized customer experiences efficiently, lowering costs and increasing creativity. With 95% of leaders noting a rapid change in customer preferences, this partnership seeks to enable agile marketing strategies. Additionally, Accenture was recognized as Adobe's 2023 Global Digital Experience Partner of the Year.

Accenture (NYSE: ACN) has announced its acquisition of Flutura, an industrial AI company based in Bangalore, India. This strategic move aims to enhance Accenture's industrial AI services, improving plant, refinery, and supply chain performance while helping clients meet net zero goals. Flutura's approximately 110 professionals specialize in industrial data science, offering advanced analytics solutions to optimize asset performance and energy efficiency. The integration of Flutura's AI platform is expected to benefit various sectors, including energy, chemicals, metals, and pharmaceuticals. Financial terms of the deal remain undisclosed.

Accenture Federal Services has secured a $380 million contract from U.S. Customs and Border Protection (CBP) for IT infrastructure operations and modernization. This award will enhance technology support across multiple CBP programs, vital for safeguarding U.S. borders and facilitating lawful travel and trade. Accenture has a long-standing relationship with CBP, assisting with operations for nearly 20 years and currently engaged in phase two of the Data Center Support Services initiative. The work will take place across CBP’s headquarters, divisions, and data centers, ensuring optimized performance through regular assessments.

Accenture (NYSE: ACN) has partnered with TELUS (NYSE: TU) to develop a next-generation entertainment and digital life platform aimed at enhancing TELUS's television business. The new platform enables access to TV and OTT content through any device, incorporating future technologies like 5G and IoT for innovative home and gaming services. Accenture's support includes cloud-native software engineering and expertise in product transformation, positioning TELUS as a software-driven organization while improving customer experiences in content consumption. This collaboration positions TELUS to adapt to evolving customer needs and new revenue opportunities.

Accenture (NYSE: ACN) will conduct a conference call at 8:00 a.m. EDT on Thursday, March 23, 2023 to review its second-quarter fiscal 2023 financial results. An earnings release will be shared prior to the call. Interested participants can join by dialing +1 (877) 692-8955 and using access code 3264013. The call will also be available live on Accenture's Investor Relations website. A replay will be accessible starting at 11:00 a.m. EDT on the same day and will last until 12:00 a.m. EDT on June 22, 2023. Accenture serves clients globally, focusing on technology-driven solutions in various sectors.

Qorus and Accenture (NYSE: ACN) have launched the eighth edition of the Innovation in Insurance Awards, aimed at recognizing transformative ideas in the insurance sector. Established in 2016, the awards program has seen significant participation, with 398 submissions from 251 institutions across 44 countries last year. Entries are open until April 6, 2023, in seven categories, including Global Innovator and Insurtech. Winners will be announced at a ceremony on June 14, 2023. The program underscores the industry's shift towards consumer-centric models and highlights innovations focusing on sustainability and technology.