) sored yet another win at the Telenor Group, a provider of tele,
data and media communication services. As per the contract,
Accenture is expected to speed up the implementation process of
the global shared services vision acrossdifferent companies
within the Telenor Groupacross the Finance & Accounting, HR,
IT and transactional procurement/purchase functions.
The agreement allows Telenor Global Shared Servicesto access
Accenture's highly experienced management group. The $215 million
five-year contract will help improve Telenor's efficiency by
streamlining its shared services platform.
Accenture is implementing various growth strategies to
penetrate newer markets and win more clients. These include
emerging markets like India, the Philippines, China andLatin
America. The company is offering customized services and focusing
on working with local clients.
These strategies will decrease the risk from the
slow-performing the major economies, which currently provide
around 80% of Accenture's total revenue.
Moreover, Accenture is making small-scale acquisitions in
underpenetrated regions to gain customized technology and
knowledge to serve local clients. A couple of years ago, in Saudi
Arabia, Accenture acquired a majority stake in Al Faisaliah
Business & Technology Company. At the same time, competition
in emerging markets is on the rise, which may moderategrowth
Although frequent deal wins have helped the company,
competition from companies like
) continues to increase. Additionally, a strained spending
environment as well as significant exposure to Europe may temper
growth to some extent.
Currently, Accenture has a Zacks Rank #3 (Hold).
Investors may also consider other stocks in the sector such as
Information Services Group
), with a Zacks Rank #1 (Strong Buy) and
), with a Zacks Rank #2 (Buy).
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