) is seeing a steady flow of deals. "Accenture Federal Services"
has secured a blanket order from the U.S. Securities Exchange
Commission (SEC). The $64.0 million deal has a one-year base
period and four one-year renewal options.
The deal, which ensures indefinite delivery as well as
quantity, will help the U.S. SEC to include Oracle development
services in its IT operations. This is an extremely
customer-friendly system that would help reduce costs while
improving performance. It will help clients and customers to file
registrations, meet compliance norms, examination requirements
and also enable them to share data efficiently.
Moreover, the Scotland Police Department has selected
Accenture to maintain and develop the new i6, an operational
policing system, for Police Scotland. This advanced system will
standardize the national policing process and will also help to
improve the efficiency of the day-to-day policing operations and
investigations. The 10-year contract, with a two-year
extension period, is expected to help and support the policing
system of the Scotland Police Department.
The "Accenture Police Services" will provide the technology
and implementation services to Police Scotland to drive
operational and process efficiencies and facilitate smooth
The increase in deal wins and order renewals is evident from
Accenture's third-quarter bookings growth. Improved bookings
growth coupled with good performances in insurance, banking and
healthcare sectors reflect a strong demand for Accenture's
services, which in turn are boosting its long-term growth
On the other hand, stiff competition from Cognizant Technology
Solutions Corp and
), a strained spending environment and Accenture's broad European
exposure (roughly 40.0%) may temper its growth prospects to some
Currently, Accenture has a Zacks Rank #3 (Hold). Investors can
also look at other well-performing technology stocks such as
Huron Consulting Group Inc.
). Both the companies carry a Zacks Rank #2 (Buy) and are worth
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