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Accenture to invest $3 bn in Data, AI to accelerate clients' reinvention Global IT services firm Accenture on Tuesday announced a $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency, and resilience. With this announcement, Accenture is making a range of investments to help companies develop the new strategies, operating models, business cases and digital core architecture they will need to capitalise on AI innovation. "...
Accenture to invest $3 bn in Data, AI to accelerate clients' reinvention
Accenture to invest $3 bn in Data, AI to accelerate clients' reinvention
Source: IANS
13/06/2023 5:49:05 PM
Accenture rejigs top India leadership, Chairperson Rekha Menon to retire Accenture on Friday announced new appointments to its leadership team in India, saying that Rekha M. Menon, Senior Managing Director and Chairperson for Accenture in India, will retire as of June 30 after serving for 20 years at the company. Ajay Vij has been appointed to the newly-created role of Country Managing Director, and Sandeep Dutta takes over as the lead for its India Market Unit, the company said in a statement. The primary responsibilities of the Chairperson will now be unde...
Accenture rejigs top India leadership, Chairperson Rekha Menon to retire
Accenture rejigs top India leadership, Chairperson Rekha Menon to retire
Source: IANS
5/05/2023 11:22:07 AM
Key Stock Ideas: Adani Power, Accenture , Tata Neu , Uber - ARETE Securities Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr: Adani Power on Thursday said it has sold a 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. "Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated.   Accenture t...
Key Stock Ideas: Adani Power, Accenture , Tata Neu , Uber - ARETE Securities
Key Stock Ideas: Adani Power, Accenture , Tata Neu , Uber - ARETE Securities
Source: ARETE Securities Ltd
24/03/2023 9:35:08 AM
Accenture to acquire Bengaluru-based industrial AI firm Flutura Global professional services company Accenture on Tuesday said it is acquiring industrial artificial intelligence (AI) company Flutura for an undisclosed sum. Bengaluru-headquartered Flutura will strengthen Accenture's industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster. Accenture said it plans to bring Flutura's capabilities to clients in the energy, chemicals, metals, ...
Accenture to acquire Bengaluru-based industrial AI firm Flutura
Accenture to acquire Bengaluru-based industrial AI firm Flutura
Source: IANS
21/03/2023 12:02:04 PM
Update On Accenture Ltd By ICICI Securities Read through for Indian IT- Rough road ahead Accenture (ACN) started FY23 (ending Aug’23) with lower than expected guidance for Q1FY23 as well as for the full year factoring-in the impact of a challenging macroenvironment. Q1FY23 revenue guidance stood at US$15.2bn-15.75bn, +10-14% YoY CC, much below Bloomberg consensus estimate of US$16.1bn. For the full year, ACN expects to deliver 8-11% YoY CC revenue growth, including 2.5% inorganic contribution, and assumes foreign exchange impa...
Update On Accenture Ltd By ICICI Securities
Update On Accenture Ltd By ICICI Securities
Source: ICICI Securities Ltd
23/09/2022 12:24:48 PM
Update On Accenture Ltd By Motilal Oswal Accenture’s guidance indicates continued growth momentum in FY23E… …Europe demand to remain intact! Accenture (ACN) reported another robust quarter with 2QFY22 revenue growing 28% YoY in constant currency (CC) terms. ACN also upgraded its FY22 revenue growth guidance by 450bp. With this the total increase amounts to a massive 12pp over the last two quarters, as it continues to gain from the demand for Cloud transformation. The broad-based, double-digit growth and an all...
Update On Accenture Ltd By Motilal Oswal
Update On Accenture Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/04/2022 1:16:42 PM
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities Key News Vedanta visits Pune to explore feasibility to set up semiconductor plant A team from Indian conglomerate Vedanta has visited Pune to survey the feasibility of setting up its electronic chip plant in the district, a government official said on Friday. Vedanta Group firms have applied for setting up semiconductor and display manufacturing units in the country under the government's incentive scheme.   Shriram Transport Finance raises Rs 900 cr by issuing bonds ...
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities
Key News - Vedanta Ltd, Shriram Transport Finance , Reliance Industries Ltd, Accenture ,Kalyan Jewellers, By ARETE Securities
Source: ARETE Securities Ltd
28/02/2022 9:35:54 AM
New Accenture programme to nurture women-led Indian startups Global professional services company Accenture on Friday launched the Women Founders Programme in India to help early-stage, women-led Indian startups in the business-to-business (B2B) deep tech and enterprise SaaS domain grow and advance their businesses. Under this programme, Accenture will provide selected technology startups in India with an equity-free grant of up to $60,000, along with market and network access and mentoring. "The technology industry needs active participatio...
New Accenture programme to nurture women-led Indian startups
New Accenture programme to nurture women-led Indian startups
Source: IANS
25/02/2022 5:18:31 PM
Accenture elevates Manish Sharma as COO Global professional services company Accenture on Friday elevated Manish Sharma as new chief operating officer and Yusuf Tayob has been named Group Chief Executive for Operations, effective from March 1. Current COO Jo Deblaere will retire after 38-year-long career at Accenture, the company said in a statement. "Sharma brings enormous expertise and extensive knowledge of what our clients need and how to digitally transform," said Julie Sweet, chair and CEO of Accenture. In ...
Accenture elevates Manish Sharma as COO
Accenture elevates Manish Sharma as COO
Source: IANS
4/02/2022 4:24:23 PM
Key News - State Bank of India Ltd, DHFL, Life Insurance Corporation, Alembic Pharmaceuticals Ltd, Axis Bank Ltd By ARETE Securities Key News India's largest bank SBI to invest $20 mn in fintech firm Pine Labs Pine Labs, a leading merchant commerce platform, announced a new investment of $20 million from India’s largest commercial bank, the State Bank of India (SBI). Earlier in 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors and followed it up with a $100 million fundraise from US-based Invesco Developing Markets Fund. In addition to augmenting its merchant...
Key News - State Bank of India Ltd, DHFL, Life Insurance Corporation, Alembic Pharmaceuticals Ltd, Axis Bank Ltd By ARETE Securities
Key News - State Bank of India Ltd, DHFL, Life Insurance Corporation, Alembic Pharmaceuticals Ltd, Axis Bank Ltd By ARETE Securities
Source: ARETE Securities Ltd
5/01/2022 9:35:43 AM
Key News - Accenture, ONGC, Toyota Kirloskar Motor, Tata Realty and Infrastructure Ltd, Power ministry By ARETE Securities Key News Accenture's growth outlook augurs well for Indian IT services players Accenture’s Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit to low double-digit growth expected earlier. Accenture’s financial year ends on August 31. The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier...
Key News - Accenture, ONGC, Toyota Kirloskar Motor, Tata Realty and Infrastructure Ltd, Power ministry By ARETE Securities
Key News - Accenture, ONGC, Toyota Kirloskar Motor, Tata Realty and Infrastructure Ltd, Power ministry By ARETE Securities
Source: ARETE Securities Ltd
20/12/2021 10:04:43 AM
Accenture acquires Bengaluru-based AI firm BRIDGEi2i Global professional services company Accenture on Tuesday announced to acquire BRIDGEi2i, a Bengaluru-headquartered artificial intelligence (AI) and analytics firm with additional offices in the US and Australia, for an undisclosed sum. The acquisition will add more than 800 deeply skilled professionals to Accenture's Applied Intelligence practice, strengthening and scaling up its global capabilities in data science, machine learning and AI-powered insights. "In this rapidly ev...
Accenture acquires Bengaluru-based AI firm BRIDGEi2i
Accenture acquires Bengaluru-based AI firm BRIDGEi2i
Source: IANS
12/10/2021 2:14:05 PM
Update on Accenture Ltd By Motilal Oswal Accenture’s FY22 guidance validates our optimism on industry growth Elevated hiring and attrition to add to near-term cost concerns Accenture (ACN) reported an in line 4QFY21 revenue. The management provided a strong initial guidance on FY22 revenue, with a robust commentary around sustainability of demand. While supply-side pressures are evident, the FY22 margin guidance indicates its ability to offset costs. Its organic revenue growth guidance (7-10% in CC) is strong, given its ...
Update on Accenture Ltd By Motilal Oswal
Update on Accenture Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/09/2021 9:57:17 AM
Key News - Reliance Industries Ltd, Accenture, Mahindra & Mahindra Financial Services Ltd, Piaggio Vehicles Pvt Ltd by ARETE Securities Key News Reliance Retail to grow 3x in next 3-5 years, create a million jobs: Ambani Reliance Industries' retailing arm Reliance Retail would grow at least three times in the next 3 to 5 years, Chairman and Managing Director Mukesh Ambani said on Thursday. It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting with shareholders. In the next three years, Relia...
Key News - Reliance Industries Ltd, Accenture, Mahindra & Mahindra Financial Services Ltd, Piaggio Vehicles Pvt Ltd by ARETE Securities
Key News - Reliance Industries Ltd, Accenture, Mahindra & Mahindra Financial Services Ltd, Piaggio Vehicles Pvt Ltd by ARETE Securities
Source: ARETE Securities Ltd
25/06/2021 9:00:37 AM
Covid-19 has sparked innovation across consumer industries: Accenture Research The Covid-19 pandemic has changed the way people live, work and socialise, accelerating demand for innovation, as retailers, consumer goods, and travel companies shift from reacting to the crisis to reinventing products and services, according to findings of a new global survey from Accenture. After a year of lockdowns, 98% of survey respondents in India said they made at least one change to their lifestyle that they expect will be permanent. Working from home, changing travel patterns, an...
Covid-19 has sparked innovation across consumer industries: Accenture Research
Covid-19 has sparked innovation across consumer industries: Accenture Research
Source: IANS
25/05/2021 3:00:39 PM
Oil and gas companies most committed to radical reinvention amid Covid: Accenture report The oil and gas companies most committed to reinventing themselves over the next three years as a result of the Covid-19 pandemic expect to grow their revenues and margins at twice the rate of companies least committed to reinvention, according to a new report from Accenture that outlines best practices companies should adopt to thrive in the energy transition.   The report, titled "Necessity is the Mother of (Re)invention" features results from a global survey of more th...
Oil and gas companies most committed to radical reinvention amid Covid: Accenture report
Oil and gas companies most committed to radical reinvention amid Covid: Accenture report
Source: IANS
19/05/2021 9:43:32 AM
Accenture accelerates Mankind Pharma`s digital transformation Mankind Pharma, the fourth largest pharmaceutical manufacturing company headquartered in India, has collaborated with Accenture to accelerate its digital transformation journey to become an intelligent enterprise, improving business agility, performance, and operational efficiency. Accenture has redesigned the pharma major's business processes across key functions such as finance, supply chain, sales and procurement for better inventory optimisation, demand planning, workforce producti...
Accenture accelerates Mankind Pharma`s digital transformation
Accenture accelerates Mankind Pharma`s digital transformation
Source: IANS
3/05/2021 4:47:49 PM
Accenture`s strong performance indicates sustained demand tailwinds - Motilal Oswal Accenture’s strong performance indicates sustained demand tailwinds Growing traction in Outsourcing business positive for Indian IT Accenture (ACN) reported strong 2Q earnings, increasing its FY21 revenue growth guidance by 250bp on better than expected demand environment. We see its 2QFY21 delivery and commentary as a positive read-across for our Indian IT Services coverage as it indicated continued robust demand in key industries.   Key takeaways from the 2QFY21 ear...
Accenture`s strong performance indicates sustained demand tailwinds - Motilal Oswal
Accenture`s strong performance indicates sustained demand tailwinds - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/03/2021 9:40:27 AM
Update On Accenture Ltd By ICICI Securities How surprising is the surprise? Accenture’s low growth guidance of the previous quarter (Nov-20, link) made a potential beat and raise more or less inevitable. In that context, Feb-21 earnings outcome (overall and for outsourcing) and guidance revision were unsurprising. The upgraded revenue growth guidance (+5.5%-7.5% YoY, organic, CC, adjusted for reimbursements) is more or less in-line with the conventional guidance of the company, mid-fiscal, despite a weak base (FY20, ending Aug...
Update On Accenture Ltd By ICICI Securities
Update On Accenture Ltd By ICICI Securities
Source: ICICI Securities Ltd
19/03/2021 12:49:58 PM
Accenture completes acquisition of Imaginea Accenture on Thursday said it has completed the acquisition of Imaginea, a cloud native product and platform engineering firm headquartered in Mountain View, California, with offices in London and throughout India. The financial terms of the transaction were not disclosed. The acquisition will enhance the global capabilities of Accenture Cloud First. Powered by 70,000 cloud professionals and a $3 billion investment over the next three years, the Accenture Cloud First group brings tog...
Accenture completes acquisition of Imaginea
Accenture completes acquisition of Imaginea
Source: IANS
11/03/2021 3:06:50 PM