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Accenture and Mediaset Expand Partnership on Video Solutions
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Accenture plc (ACN - Free Report) and Mediaset, an Italian media company, have extended their ongoing partnership for video solutions.
Per a multi-year agreement, Accenture will allow Mediaset to use Accenture Video Solution (AVS) for three more years to offer video and related services on Infinity, Mediaset’s paid streaming content service. Mediaset launched Infinity in collaboration with Accenture in 2013.
How Will Accenture Benefit?
We believe that the latest move will help Accenture boost its Communications, Media & Technology segment that serves communications, media, software, high tech, and platform companies. Performance of this segment was particularly strong in the last reported quarter, with revenues increasing 22% on a year-over-year basis. It is also expected to benefit from the company’s European business, which expanded 22% year over year in the last reported quarter.
Sef Tuma, global lead for Accenture Digital Video stated, “with AVS, we are proud to collaborate with Mediaset to enable their business, providing a strong commercial foundation to profitably monetize their service and expand into multiple revenue models.”
Notably, shares of Accenture have gained 25.3% over the past year.
What’s on Mediaset’s Platter?
AVS has been helping Mediaset to enhance Infinity across different media platforms. With the extension of partnership, Accenture will add new features and value-added services to Infinity for improving its service quality and increase subscriber base.
Michele Pinto, head of product development, operations and CRM at Infinity, stated that Accenture helps Mediaset through AVS to continuously innovate, test and scale the Infinity Product in a quick and reliable manner.
CRA International, FTI Consulting and NV5 Global delivered an average four-quarter positive earnings surprise of 38.6%, 58.3% and 12.7%, respectively.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
Image: Bigstock
Accenture and Mediaset Expand Partnership on Video Solutions
Accenture plc (ACN - Free Report) and Mediaset, an Italian media company, have extended their ongoing partnership for video solutions.
Per a multi-year agreement, Accenture will allow Mediaset to use Accenture Video Solution (AVS) for three more years to offer video and related services on Infinity, Mediaset’s paid streaming content service. Mediaset launched Infinity in collaboration with Accenture in 2013.
How Will Accenture Benefit?
We believe that the latest move will help Accenture boost its Communications, Media & Technology segment that serves communications, media, software, high tech, and platform companies. Performance of this segment was particularly strong in the last reported quarter, with revenues increasing 22% on a year-over-year basis. It is also expected to benefit from the company’s European business, which expanded 22% year over year in the last reported quarter.
Accenture PLC Revenue (TTM)
Accenture PLC Revenue (TTM) | Accenture PLC Quote
Sef Tuma, global lead for Accenture Digital Video stated, “with AVS, we are proud to collaborate with Mediaset to enable their business, providing a strong commercial foundation to profitably monetize their service and expand into multiple revenue models.”
Notably, shares of Accenture have gained 25.3% over the past year.
What’s on Mediaset’s Platter?
AVS has been helping Mediaset to enhance Infinity across different media platforms. With the extension of partnership, Accenture will add new features and value-added services to Infinity for improving its service quality and increase subscriber base.
Michele Pinto, head of product development, operations and CRM at Infinity, stated that Accenture helps Mediaset through AVS to continuously innovate, test and scale the Infinity Product in a quick and reliable manner.
Zacks Rank and Key Picks
Currently, Accenture carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader Business Services Sector include CRA International (CRAI - Free Report) , FTI Consulting (FCN - Free Report) and NV5 Global (NVEE - Free Report) . While CRA International and FTI Consulting sport a Zacks Rank #1 (Strong Buy), NV5 Global carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International, FTI Consulting and NV5 Global delivered an average four-quarter positive earnings surprise of 38.6%, 58.3% and 12.7%, respectively.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>