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Accenture Extends Alliance With SAP, Boosts Resources Segment
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Accentureplc (ACN - Free Report) yesterday announced that it has extended its partnership with SAP to co-develop SAP S/4HANA cloud solution.
Available through both public and private cloud, the new solution comprises a portfolio of intelligent services. It is expected to increase user’s operational efficiency, reduce operating expenditures and create new revenue-generating opportunities. It is being developed with input from a consortium of oil and gas industry leaders, including Shell, and conforms to industry standards. The solution is equipped with smart technologies like artificial intelligence (AI), mobility and blockchain capabilities.
Accenture looks poised to benefit from this solution as upstream oil and gas companies continually seek standard automated processes to simplify their operations.
So far this year, shares of Accenture have gained 12.7%, outperforming the 8.7% rise of the Zacks S&P 500 Composite Index.
Resources Segment Likely to Benefit
With the new SAP S/4HANA cloud solution being developed to help oil and gas companies operate more efficiently, Accenture’s Resources segment should get a boost on the back of its constituent Energy industry group.
Accenture’s Resources segment operates through three industry groups - Chemicals & Natural Resources, Energy and Utilities. The segment’s Energy industry group serves a wide range of companies in the oil and gas industry and contributed the second largest chunk (around 26%) to the segment’s net revenues in fiscal 2017.
In third-quarter fiscal 2018, the segment contributed around 14% to its net revenues and grew 17.8% year over year on a reported basis to $1.47 billion. Revenues improved 12% on a local currency basis.
Zacks Rank & Stocks to Consider
Currently, Accenture is a Zacks Rank #4 (Sell) stock.
Some 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, NV5 Global carries a Zacks Rank #2 (Buy).
CRA International, FTI Consulting and NV5 Global have an impressive earnings surprise history, having delivered an average four-quarter surprise of 38.6%, 58.3% and 12.7%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Accenture Extends Alliance With SAP, Boosts Resources Segment
Accenture plc (ACN - Free Report) yesterday announced that it has extended its partnership with SAP to co-develop SAP S/4HANA cloud solution.
Available through both public and private cloud, the new solution comprises a portfolio of intelligent services. It is expected to increase user’s operational efficiency, reduce operating expenditures and create new revenue-generating opportunities. It is being developed with input from a consortium of oil and gas industry leaders, including Shell, and conforms to industry standards. The solution is equipped with smart technologies like artificial intelligence (AI), mobility and blockchain capabilities.
Accenture looks poised to benefit from this solution as upstream oil and gas companies continually seek standard automated processes to simplify their operations.
So far this year, shares of Accenture have gained 12.7%, outperforming the 8.7% rise of the Zacks S&P 500 Composite Index.
Resources Segment Likely to Benefit
With the new SAP S/4HANA cloud solution being developed to help oil and gas companies operate more efficiently, Accenture’s Resources segment should get a boost on the back of its constituent Energy industry group.
Accenture’s Resources segment operates through three industry groups - Chemicals & Natural Resources, Energy and Utilities. The segment’s Energy industry group serves a wide range of companies in the oil and gas industry and contributed the second largest chunk (around 26%) to the segment’s net revenues in fiscal 2017.
In third-quarter fiscal 2018, the segment contributed around 14% to its net revenues and grew 17.8% year over year on a reported basis to $1.47 billion. Revenues improved 12% on a local currency basis.
Zacks Rank & Stocks to Consider
Currently, Accenture is a Zacks Rank #4 (Sell) stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some 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, NV5 Global carries a Zacks Rank #2 (Buy).
CRA International, FTI Consulting and NV5 Global have an impressive earnings surprise history, having delivered an average four-quarter surprise of 38.6%, 58.3% and 12.7%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>