Accenture Plc Ireland Stock Price, News & Analysis

The 5G Open Innovation Lab announced new partnerships with Accenture and Avanade as Founding Partners, while Ericsson and Spirent Communications join as Corporate Partners. This expansion aims to enhance the Lab's technical capabilities and support for its 47 startups. Accenture will focus on monetization of 5G solutions, while Avanade will advance edge computing. Ericsson will collaborate on innovative services for manufacturing and utilities, leveraging AI and IoT. Spirent will provide automated testing solutions for 5G. The Lab continues to drive innovation in 5G technologies.

Accenture (NYSE: ACN) has been recognized as a leader in The Forrester Wave™: Innovation Consulting Services, Q2 2021, achieving top scores in 20 out of 25 evaluation criteria. The independent report assessed nine major providers, focusing on Current Offering, Strategy, and Market Presence. Accenture excelled in areas such as Innovation Methodologies and Data Analytics. Their comprehensive innovation network spans over 35 countries, consisting of nearly 5,000 experts dedicated to driving value through technology and human ingenuity, crucial for navigating recent global challenges.

Accenture (NYSE: ACN) reported third-quarter fiscal 2021 revenues of $13.3 billion, a 21% increase year-over-year. Diluted earnings per share rose 26% to $2.40. Operating income grew 24% to $2.1 billion, with an operating margin of 16.0%. New bookings reached $15.4 billion, a 39% increase. The company anticipates fourth-quarter revenues between $13.1 billion and $13.5 billion, with full-year revenue growth now expected at 10% to 11% in local currency. Accenture continues to prioritize investments in talent and acquisitions.

Accenture (NYSE: ACN) has strategically invested in Symmetry Systems, a San Francisco-based provider of data store and object-level security solutions, through Accenture Ventures. This investment aims to enhance cybersecurity offerings, particularly as many organizations transition to cloud environments. Symmetry Systems’ DataGuard solution leverages machine learning to provide visibility and control over data assets, which aligns with Accenture's Cloud First strategy. Terms of investment were not disclosed, but this move continues Accenture's focus on building its cybersecurity portfolio.

Accenture's 16th annual Global Consumer Pulse Research reveals a shift in consumer values post-pandemic, with 50% of surveyed consumers reevaluating their purchasing behaviors. The report, based on over 25,000 respondents across 22 countries, identifies five key factors influencing buying decisions: health and safety, customer service, ease and convenience, product origin, and trust. These factors transcend demographic categories and are critical for brands to remain competitive. Companies must adapt strategies to meet these evolving expectations for sustained growth and consumer loyalty.

Accenture (NYSE: ACN) will hold a conference call on June 24 at 8:00 a.m. EDT to discuss its financial results for the third quarter of fiscal year 2021. A news release with the financial details will be issued before the call. Interested participants can join by dialing +1 (877) 692-8955 or +1 (234) 720-6979 from outside the U.S. The call will also be streamed live on Accenture's Investor Relations page. A replay will be available online and via telephone starting at 11:00 a.m. EDT on June 24 until September 22, 2021.

Accenture (NYSE: ACN) has invested in Imburse, a cloud-based payments-as-a-service platform, aiming to simplify global payment access for businesses. Founded in Zurich in 2018, Imburse connects legacy systems to the payments ecosystem via APIs, serving clients like Generali Group. This partnership will enhance payments interoperability, crucial for digital transformation. Imburse will join Accenture Ventures' Project Spotlight for tech startups, gaining access to Accenture's innovation network. The investment's terms remain undisclosed.

Accenture (NYSE: ACN) has been recognized as a leader in digital strategy consulting services according to the IDC MarketScape report. The assessment highlights Accenture's strengths in strategy and vision, particularly its action-oriented approach to client engagements. Clients commend the firm for its ability to innovate and deliver comprehensive transformation. The report emphasizes the necessity for organizations to invest in technology and strategic change, positioning Accenture as a key partner for companies aiming for agility and growth post-pandemic.