) announced a deal win from United Arrows Ltd. last week. Per the
deal, Accenture will help the company to develop a new system to
manage its merchandise. United Arrows is one of Japan's leading
apparel retailers and has 208 branches. Financial terms of the
contract were not divulged.
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Per the contract terms, Accenture will be responsible for
designing, developing and managing the new merchandise management
system. The system will form a part of United Arrow's ongoing
information technology (IT) transformation program, UA 2.0.
Accenture will develop the system in phases with the first phase
scheduled to start by 2014.
Apart from this, Accenture also won a management consulting
service contract from Elm, a Saudi Arabia-based company engaged
in providing secure e-business, IT, project support and
government outsourcing services. Under the terms of the contract,
Accenture will provide consulting services to Elm's newly set up
unit, Elm Learning, Training & Development Solutions (Elm
LTDs). With Accenture's consultation, the Elm LTDs will be able
to deliver innovative learning and training programs to its
Financial details of the deals have not been discussed. Over the
past few weeks, Accenture has won a number of deals and we
believe that all these will drive solid top-line growth.
We also believe that the synergies from the recent acquisitions
such as, U.K.-based design agency, Fjord (May 7) and Hong
Kong-based online marketing consultant,
Acquity Group Ltd.
) (May 17) will further strengthen Accenture's revenue streams.
These two acquisitions will position Accenture well in the online
and digital marketing space, which holds great potential.
Currently, Accenture has a Zacks Rank #2 (Buy). Investors may
also consider other stocks in the sector that are performing
Information Services Group Inc.
), with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 (Buy) are worth buying.