Accenture Plc Ireland Stock Price, News & Analysis

Accenture reported second-quarter fiscal 2022 revenues of $15.0 billion, marking a 24% increase in U.S. dollars and 28% in local currency. Diluted EPS rose 14% to $2.54, up 25% excluding prior year's investment gains. Operating income was $2.06 billion with a 13.7% margin. New bookings reached a record $19.6 billion, up 22%, with growth in both consulting and outsourcing. Accenture raised its fiscal 2022 revenue growth guidance to 24%-26%, with an EPS forecast between $10.61 and $10.81.

Accenture (NYSE: ACN) will host a conference call on March 17 at 8:00 a.m. EDT to discuss its second-quarter fiscal year 2022 financial results. A detailed news release will precede the call. To join, participants can dial +1 (877) 692-8955 or access the call through Accenture's Investor Relations webpage. A replay will be available starting 11:00 a.m. EDT on the same day and accessible until June 22, 2022. Accenture is recognized for its capabilities in digital, cloud, and security across more than 40 industries.

Accenture has launched a dedicated Metaverse Continuum business group to capitalize on the merging of physical and virtual realities. The initiative is backed by findings from the Accenture Technology Vision 2022, indicating that 71% of surveyed executives foresee a positive impact of the metaverse on their organizations. With over 600 patents and significant industry experience, the group will focus on enabling businesses to navigate digital transformation through advanced technologies like extended reality and blockchain.

Accenture Federal Services (AFS), a subsidiary of Accenture, has secured a $199 million contract from the U.S. Department of Homeland Security's Transportation Security Administration (TSA) for a period of seven years. The contract aims to consolidate three credentialing systems into a single platform, enhancing TSA's operational efficiency and response to security threats. This initiative will impact approximately 30 million individuals needing TSA credentials, streamlining processes and modernizing technology to provide better service.

Accenture, Ecopetrol, and Amazon Web Services have launched an innovative water intelligence and management solution to enhance sustainability within the energy sector. This cloud-based platform aims to address the entire water lifecycle, enabling energy companies to achieve water neutrality. The collaboration emphasizes reducing fresh water usage and promoting water reuse to optimize operational efficiencies. Ecopetrol targets a 66% reduction in fresh water capture and aims for zero surface water discharges by 2045, supporting its broader environmental strategy.

Accenture (NYSE: ACN) has been recognized as a Leader by Everest Group in three new assessments for its IT and platform services in the insurance sector. Accenture ranked highest in Vision & Capability and Market Impact across both the Salesforce and Duck Creek services evaluations, as well as the new Insurance Platform IT Services assessment. The reports highlight Accenture's strong service portfolio and effective management of large-scale platform implementations, crucial for modernizing the insurance industry amid evolving consumer needs.

Accenture (NYSE:ACN) has announced the discontinuation of its business operations in Russia in response to the ongoing conflict in Ukraine. The company expressed solidarity with Ukraine and will support its nearly 2,300 employees in Russia during this transition. Accenture is also contributing $5 million to nonprofit organizations aiding Ukraine and matching employee donations 100%. While the firm has no business in Ukraine, it is offering telehealth services and assistance to the families of Ukrainian employees worldwide.

Accenture (NYSE: ACN) and Microsoft (NYSE: MSFT) announced a collaboration with the Mount Sinai Health System to facilitate its transition to the cloud. This strategic migration to Microsoft Azure is expected to deliver significant cost savings, enabling Mount Sinai to modernize its infrastructure and enhance healthcare innovation. The partnership includes the execution of clinical applications migration, ongoing hybrid cloud managed services, and support for advanced data-driven capabilities. This initiative aligns with Mount Sinai's commitment to improving patient care through technology.