) recently won a three-year deal from Italian Medicines Agency
(AIFA) for the development, building and maintenance of an
integrated Medicine Evaluation System.
According to the contract, AIFA will be using Accenture's
consulting and IT services, which is going to support AIFA's
administration and medical technology processes.
Accenture's implementation of certain technical solutions will
also help in strengthening AIFA's relationship with end
Separately, Accenture is helping the insurance company AXA in
streamlining the financial processes in AXA's European
This is basically under a multiyear deal, which was initiated
in 2009. According to the deal, Accenture is helping AXA develop
a SAP-based technology platform. This will primarily take care of
the centralized finance and accounting (F&A) processes, which
includes payables management, accounts receivable, month-end
close and balance sheet reconciliations. The regions covered
under this program include France, Italy, Ireland, Portugal,
Spain and the U.K.
This should have a positive impact on Accenture in the near to
mid term and also generate new business opportunities for the
company. Other technology companies, such as
Hewlett Packard Company
) have also realized the increasing potential of the consulting
segment and are coming out with their own solutions to tap the
This apart, Accenture is also witnessing incremental growth
from technological changes such as SaaS/cloud, mobility,
analytics and digitization. Particularly, SaaS and cloud
computing are other areas for the company's growth.
Accenture's comprehensive service offerings have made it a key
IT service provider. A large product and service base has also
led the company to the top spot in the market. Moreover,
government orders continue to flow for the company.
We are encouraged by the steady flow of new businesses and
believe that the trend will continue. However, increasing
) and a cautious spending environment may temper its growth
The company has a Zacks #2 Rank, implying a short-term
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