Accenture Plc Ireland Stock Price, News & Analysis

Accenture (ACN) has officially agreed to acquire Cygni, a cloud-native software development firm, enhancing its Cloud First services. The acquisition aims to strengthen Accenture's capabilities in digital transformation across various sectors, leveraging Cygni's expertise and 190 developers. Founded in 2006, Cygni has earned accolades for its workplace culture. This strategic move aligns with Accenture's $3 billion investment plan to expand cloud service offerings. The deal is subject to customary closing conditions.

FINOS announced that Accenture (NYSE:ACN) has joined as a platinum member, expanding its open-source community in finance. This addition, alongside Armory and InnerSource Commons, highlights a commitment to promoting open-source technology in financial services. Accenture's strategic focus on open source aims to drive digital transformation in financial sectors, supported by a recent survey indicating 92% of C-suite executives are increasing digital investments. The collaboration aims to enhance existing projects and innovate new solutions.

Tata Consumer Products Limited (TCPL) has partnered with Blue Yonder and Accenture (ACN) to integrate an autonomous supply chain, enhancing end-to-end visibility to meet rising consumer demand. The project leverages Luminate Planning and Microsoft Azure for real-time data insights, aimed at optimizing demand planning and inventory management. This digital transformation is expected to reduce logistics costs and emissions, improve service levels, and enhance overall efficiency, sustainability, and resilience within TCPL's operations.

Accenture's latest study highlights how local micro-fulfilment centers (MFCs) can transform last-mile delivery in Chicago, London, and Sydney, potentially cutting delivery vehicle emissions by 16%-26% by 2025. Using MFCs to fulfill half of e-commerce orders could decrease traffic by 13% in London and Chicago, and 2% in Sydney. This shift could lead to significant CO₂ reductions, particularly 144,000 tons in London. The study recommends collaborative strategies involving governments and retailers to enhance sustainability and efficiency in delivery practices.

Accenture (NYSE: ACN) is collaborating with Ripjar and Royal Dutch Shell to enhance risk screening in Shell's global supply chain using AI technology. This partnership aims to improve accuracy and efficiency in risk identification during third-party transactions, potentially reducing data-reporting errors by over 80%. The solution will be integrated into Shell's cloud infrastructure on Microsoft Azure, fostering scalability and cost efficiencies. This multi-year deal builds on Accenture Ventures' investment in Ripjar, showcasing a commitment to advancing compliance capabilities in the energy sector.

Accenture (ACN) reported Q2 fiscal 2021 revenues of $12.1 billion, an 8% increase year-over-year, despite a 2 percentage point reduction from declining reimbursable travel revenue. GAAP diluted EPS rose 17% to $2.23, while adjusted EPS increased 10% to $2.03. Operating income reached $1.65 billion, an 11% rise, with a margin of 13.7%. New bookings hit a record $16 billion. For Q3 FY21, revenue guidance is $12.55-$12.95 billion, with full-year growth expectations of 6.5%-8.5%. Accenture plans to return over $5.8 billion in cash to shareholders through dividends and buybacks.

Accenture (NYSE: ACN) has been recognized as a Leader in Everest Group’s PEAK Matrix for Google Cloud Platform (GCP) System Integrators 2021 report. The firm scored highly in both vision and capability, with the highest number of GCP specializations among all system integrators. Accenture's collaboration with Google has strengthened its offering in cloud migration, application development, data analytics, and machine learning. Additionally, the report highlights Accenture's 4,300 trained employees in GCP services.

Accenture (NYSE: ACN) will hold a conference call on Mar. 18, 2021, at 8:00 a.m. EDT to discuss its Q2 fiscal 2021 financial results. A press release with these results will be issued prior to the call. Participants can join the call by dialing +1 (877) 692-8955 or +1 (234) 720-6979 for international callers. 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 remain available until June 24, 2021.