Singapore markets open in 8 hours 59 minutes
  • Straits Times Index

    3,301.96
    +15.63 (+0.48%)
     
  • S&P 500

    4,227.31
    +17.07 (+0.41%)
     
  • Dow

    33,481.15
    +171.64 (+0.52%)
     
  • Nasdaq

    12,861.29
    +6.49 (+0.05%)
     
  • BTC-USD

    24,366.15
    +350.76 (+1.46%)
     
  • CMC Crypto 200

    575.54
    +0.80 (+0.14%)
     
  • FTSE 100

    7,465.91
    -41.20 (-0.55%)
     
  • Gold

    1,805.90
    -7.80 (-0.43%)
     
  • Crude Oil

    93.19
    +1.26 (+1.37%)
     
  • 10-Yr Bond

    2.8390
    +0.0530 (+1.90%)
     
  • Nikkei

    27,819.33
    -180.63 (-0.65%)
     
  • Hang Seng

    20,082.43
    +471.59 (+2.40%)
     
  • FTSE Bursa Malaysia

    1,505.56
    +13.23 (+0.89%)
     
  • Jakarta Composite Index

    7,160.38
    +74.15 (+1.05%)
     
  • PSE Index

    6,680.68
    +208.84 (+3.23%)
     

Accenture (ACN) Acquires Capabilities From Japan's Trancom ITS

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Accenture plc ACN announced last Friday that it has completed the acquisition of digital engineering and operational technology capabilities from Trancom ITS, a Japanese logistics technology services provider and subsidiary of the major Japanese logistics company, Trancom. Financial terms of the deal have been kept under wraps.

As part of the deal, Accenture Industry X in Japan has taken up around 190 Transcom ITS engineers specialized in cloud-based logistics systems and IoT, as well as sensor-technology-driven warehouse operations optimization.

The acquisition is expected to strengthen Accenture’s digital engineering, manufacturing and logistics capabilities to offer hyper-automation solutions at scale. It is a big move toward strengthening its offering related to digitizing engineering and manufacturing value chain in Japan.

The move makes sense, given that demand for increased efficiency and sustainability of operations is rising among manufacturing and logistics companies in Japan.

Accenture’s shares have lost 7.9% in the past year compared with 5.9% fall of the industry it belongs to and 12.6% decline of the Zacks S&P 500 composite.

Accenture PLC Price and Consensus

Accenture PLC Price and Consensus
Accenture PLC Price and Consensus

Accenture PLC price-consensus-chart | Accenture PLC Quote

Zacks Rank and Stocks to Consider

Accenture currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Avis Budget Group, Inc. CAR, Cross Country Healthcare CCRN and CRA International, Inc. CRAI.

Avis Budget sports a Zacks Rank #1 at present. CAR has a long-term earnings growth expectation of 19.4%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Avis Budget delivered a trailing four-quarter earnings surprise of 102%, on average.

Cross Country Healthcare flaunts a Zacks Rank of 1 at present. CCRN has a long-term earnings growth expectation of 6.9%.

Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 29.2%, on average.

CRA International carries a Zacks Rank #2 (Buy), currently. CRAI has a long-term earnings growth expectation of 14.3%.

CRAI delivered a trailing four-quarter earnings surprise of 35.8%, on average.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Accenture PLC (ACN) : Free Stock Analysis Report
 
Charles River Associates (CRAI) : Free Stock Analysis Report
 
Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report
 
Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting