Accenture plc reports developments tied to its global professional services business, including consulting, technology, operations and business process services for enterprise and public-sector clients. Recurring news themes include AI-enabled business reinvention, cloud and data partnerships, cybersecurity capabilities, digital platform modernization and customer experience transformation.
Company updates also cover strategic investments made through Accenture Ventures, collaborations with technology platforms and industry partners, and applied innovation in areas such as agentic AI, compliance-focused enterprise AI, warehouse robotics and sector-specific digital ecosystems. These announcements reflect Accenture’s role in designing, implementing and operating technology-led change programs across industries.
Accenture reported strong financial results for Q4 and FY 2022, with revenues of $15.4 billion in Q4, a 15% increase, and $61.6 billion for the year, up 22%. EPS rose 18% in Q4 to $2.60, while full-year EPS increased 17% to $10.71. Operating margin expanded, with Q4 at 14.7% and FY at 15.2%. Free cash flow hit a record $8.8 billion for the year. New bookings reached a record $71.7 billion. For FY 2023, Accenture expects revenue growth of 8% to 11% in local currency and EPS of $11.09 to $11.41.
Accenture (NYSE: ACN) will hold a conference call on September 22, 2022, at 8:00 a.m. EDT, to discuss its fourth-quarter and fiscal year 2022 financial results. A news release with these results will be published prior to the call. Participants can join by dialing +1 (877) 692-8955 or accessing the call via the Accenture website. A replay will be available starting at 11:00 a.m. EDT the same day until December 16, 2022. Accenture is a leading global professional services company focusing on digital, cloud, and security solutions.
Accenture has been named a Leader in IT security services for both North America and Europe by Everest Group. The company secured the highest scores in Vision & Capability and Market Impact, appreciated for its complex security engagements and technical expertise. Notably, Accenture leads ahead of 27 providers in North America and 28 in Europe. Key strengths include integrated automation in services, investments in cyber risk quantification, and a comprehensive security service portfolio. This recognition underscores Accenture's commitment to delivering innovative IT security solutions.
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Accenture and Ohio National Financial Services have successfully modernized the life insurer's core systems, leading to significant operational improvements. This modernization, carried out through the Accenture Life Insurance and Annuity Platform (ALIP), has resulted in US$50 million in new premiums and a 20% reduction in processing times for nearly 12,000 applications. Ohio National’s adoption of automated underwriting enhances customer experience by expediting approval times.
The project received the 2022 Insurance Technology Impact Award for its substantial business impact.
Accenture (NYSE: ACN) has been recognized as a Leader in the Forrester Research report on European managed security service providers. The report highlights Accenture's unique asset development within its services, resulting in high client satisfaction. Accenture scored highest in the Current Offering category, achieving top marks in twelve criteria, including data sovereignty and managed application security. The company stands out with a strong vision and partnership strategy, enhancing its capabilities in cybersecurity for European businesses.
Accenture (NYSE: ACN) has been named a Leader in Everest Group’s "PEAK Matrix® for ServiceNow Services 2022," marking the second consecutive year in this recognition. The report evaluates 25 established ServiceNow providers, highlighting Accenture's strengths in Market Impact and Vision & Capabilities. Key advantages include a large pool of ServiceNow-certified talent, significant investment in frameworks that expedite time to market, and strong client capabilities in Customer Service Management and UX Design.
Accenture (NYSE: ACN) has acquired The Beacon Group, a consultancy firm specializing in growth strategies for Fortune 500 companies across various industries, including technology and healthcare. This acquisition aims to enhance Accenture's capabilities in helping clients make informed growth decisions and navigate market challenges. With a team of over 60 experts, Beacon will bolster Accenture Strategy by providing market insights and scalable solutions. The transaction details remain undisclosed, but it is expected to strengthen Accenture's position in the M&A consulting sector.
A new report from Accenture (NYSE: ACN) highlights how industrial companies can enhance their product delivery speed through advanced technologies. Entitled "Industrial Speedsters: How advanced technologies can turbocharge your speed to market," the study surveyed 1,200 executives worldwide. It categorizes companies into three groups: Speedsters, Accelerators, and Starters, with Speedsters achieving significantly faster and more cost-effective outcomes using technologies like AI and cloud computing. The report outlines actionable strategies for companies to leverage these technologies effectively.
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