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Accenture (ACN) Builds Innovation Center for Salesforce

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Accenture plc (ACN - Free Report) yesterday announced the launch of Innovation Center for Salesforce (CRM - Free Report) . The center focuses on demonstrating new ways of applying Salesforce technologies to improve end-user experiences, capture data through transactions and deliver value for customers. Service bots and artificial intelligence (Salesforce Einstein AI) as well as virtual reality-based demonstrations will be used for visual storytelling and interactive demonstrations across industries.

Saideep Raj, senior managing director of Cloud First Applications at Accenture stated, “our Innovation Center for Salesforce in San Francisco showcases what we do best: envisioning the future and creating cutting edge, intelligent experiences that help our clients reimagine their businesses in entirely new ways.”

Moving ahead, Accenture will add intelligent solutions and offerings across its global network of Innovation Hubs.

In a year’s time, shares of Accenture have gained 26.7%, outperforming the S&P 500’s 16.6% rally.


Our Take

We believe that the Accenture’s Innovation Center for Salesforce will strengthen the duo’s longstanding strategic alliance. In fact, Accenture is among the first global companies to establish a strategic partnership with Salesforce.

Accenture PLC Revenue (TTM)

The company has been aggressively trying to strengthen its position as a leading provider of Salesforce capabilities and is currently a global leader in the Salesforce implementation service space. It presently employs more than 11,000 Salesforce professionals and has made seven acquisitions in recent years as part of its investment in Salesforce capabilities.

Given that Salesforce is one of the largest providers of cloud-based applications and software, it is imperative that Accenture enhances its capabilities in delivering the Salesforce’s services.

Zacks Rank & Stocks to Consider

Currently, Accenture carries a Zacks Rank #4 (Sell).

Some top-ranked stocks in the broader Business Services sector include CRA International (CRAI - Free Report) and FTI Consulting (FCN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CRA International and FTI Consulting have an impressive earnings surprise history, having delivered an average four-quarter surprise of 38.6% and 58.3% respectively.

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