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Accenture (ACN) and BBVA Sign 10-Year Collaborative Agreement

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Accenture plc (ACN - Free Report) has a struck a multi-year collaboration with Banco Bilbao Vizcaya Argentaria (BBVA - Free Report) to boost digital transformation and artificial intelligence. Financial terms of the deal have been kept under wraps.

As part of the 10-year collaboration, Accenture will let BBVA use its AI-powered SynOps platform for data-driven decision-making, improved operational costs and streamlined services for an enhanced customer service experience. BBVA will be able to speed up digital transformation across core operations, gain better insights and improve effectiveness of its services.

Through the deal, Accenture is providing significant support to BBVA in its journey to redesign its operations and transform its processes in order to improve the efficiency and efficacy.

"Our collaboration with BBVA aims to create future-readiness while rising above dynamic market conditions and pivoting to new sources of value," said Manish Sharma, group chief executive of Accenture Operations.

Accenture’s shares have appreciated an impressive 56.7% over the past year, slightly underperforming the 57.4% growth of the industry it belongs to but significantly outperforming the 27.4% growth of the Zacks S&P 500 composite.

BBVA’a shares have rallied 17.6% over the past year outperforming the 10.5% growth of the industry it belongs to.

Zacks Rank and Stocks to Consider

While Accenture currently sports a Zacks Rank #2 (Buy), BBVA a carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other top-ranked stocks include Avis Budget (CAR - Free Report) and Cross Country Healthcare, Inc. (CCRN - Free Report) .

Avis Budget has an expected earnings growth rate of around 453.5% for the current year. CAR has a trailing four-quarter earnings surprise of 76.9%, on average.

Avis Budget’s shares have surged 506.9% in the past year. CAR has a long-term expected earnings growth rate of 18.8%. CAR sports a Zacks Rank #1.

Cross Country Healthcare has an expected earnings growth rate of around 500% for the current year. CCRN has a trailing four-quarter earnings surprise of 75%, on average.

Cross Country Healthcare’s shares have surged 199.9% in the past year. CCRN has a long-term expected earnings growth rate of 21.5%. CCRN carries a Zacks Rank #1.

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