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Accenture (ACN) Upgrades myWizard to Enhance Business Value
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Accenture plc (ACN - Free Report) announced yesterday that it has upgraded the capacities of its intelligent automation platform Accenture myWizard, which was introduced in 2016.
The platform integrates automation, artificial intelligence (AI), analytics and DevOps through proprietary investments, technology enhancements as well as expanded ecosystem collaboration.
We believe that the upgrade is a part of the company’s bid to provide a comprehensive and intelligent automation strategy to clients. It is expected to induce greater speed and intelligence in user’s applications strategy and help the company toward innovation and strategic growth.
Bhaskar Ghosh, group chief executive, Accenture Technology Services, stated “Executing a comprehensive intelligent automation strategy can significantly improve an enterprise’s business performance by harnessing the power of AI, analytics, agile and DevOps. We have expanded the capabilities of Accenture myWizard so that clients can up their game through automation and data-centric decision-making.”
Notably, shares of Accenture have gained 25% over the past year, outperforming the S&P 500’s 15.7% rally.
Our Take
We believe that the move will help Accenture boost the Communications, Media & Technology segment that serves communications, media, software, high tech, and platform companies. Performance in this segment was particularly strong in the last reported quarter with revenues increasing 22% on a year-over-year basis.
The long-term expected earnings per share (three to five years) growth rate for Broadridge, WEX and NV5 Global is 10%, 15% and 20%, respectively.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Accenture (ACN) Upgrades myWizard to Enhance Business Value
Accenture plc (ACN - Free Report) announced yesterday that it has upgraded the capacities of its intelligent automation platform Accenture myWizard, which was introduced in 2016.
The platform integrates automation, artificial intelligence (AI), analytics and DevOps through proprietary investments, technology enhancements as well as expanded ecosystem collaboration.
We believe that the upgrade is a part of the company’s bid to provide a comprehensive and intelligent automation strategy to clients. It is expected to induce greater speed and intelligence in user’s applications strategy and help the company toward innovation and strategic growth.
Bhaskar Ghosh, group chief executive, Accenture Technology Services, stated “Executing a comprehensive intelligent automation strategy can significantly improve an enterprise’s business performance by harnessing the power of AI, analytics, agile and DevOps. We have expanded the capabilities of Accenture myWizard so that clients can up their game through automation and data-centric decision-making.”
Notably, shares of Accenture have gained 25% over the past year, outperforming the S&P 500’s 15.7% rally.
Our Take
We believe that the move will help Accenture boost the Communications, Media & Technology segment that serves communications, media, software, high tech, and platform companies. Performance in this segment was particularly strong in the last reported quarter with revenues increasing 22% on a year-over-year basis.
Accenture PLC Revenue (TTM)
Accenture PLC Revenue (TTM) | Accenture PLC Quote
Zacks Rank & Key Picks
Accenture carries a Zacks Rank #4 (Sell). A few better-ranked stocks in the broader Business Services Sector are Broadridge Financial Solutions, Inc. (BR - Free Report) , WEX Inc. (WEX - Free Report) and NV5 Global, Inc. (NVEE - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for Broadridge, WEX and NV5 Global is 10%, 15% and 20%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>