) is using its technical know-how to its advantage, banking on
which the company has been winning several major deals.
Recently, insurance company Crum & Forster selected
Accenture's Duck Creek Policy Administration software to
facilitate Duck Creek's rating and policy processing system for
commercial lines, which will help them improve upon their
workers' compensation process.
This apart in a separate contract, the company also won a
Biosurveillance contract Recently, the U.S. Department of
Homeland Security (DHS) awarded a $3 million contract to
Accenture to improve biosurveillance operations of Office of
Health Affairs (OHA). This is expected to help data sharing and
collaboration between Homeland Security, OHA and its
To fuel growth, the company has adopted a three-tier strategy
to grow the business in line with economic growth. The company
has set new priorities and has started growing its core business,
which includes management consulting, technology and business
At the same time, Accenture is making significant investments
in new business and technology that could generate growth in the
future. We believe that the frequent deal wins are positive
outcomes of these strategic moves. We are encouraged by the
steady flow of new businesses and believe that the trend will
Moreover, the company is also growing inorganically and
gaining access to new technologies through meaningful
acquisitions. However, increasing competition from
) and a tepid spending environment coupled with Accenture's broad
European exposure (roughly 40.0%) may temper its growth prospects
to some extent.
Currently, Accenture has a Zacks #2 Rank (short-term Buy
rating), which has been driven by upward revisions to analyst
ACCENTURE PLC (ACN): Free Stock Analysis
INTL BUS MACH (IBM): Free Stock Analysis
To read this article on Zacks.com click here.