Advertisement
Canada markets closed

  • S&P/TSX

    24,471.17
    +168.91 (+0.70%)
     

  • S&P 500

    5,815.03
    +34.98 (+0.61%)
     

  • DOW

    42,863.86
    +409.74 (+0.97%)
     

  • CAD/USD

    0.7266
    -0.0011 (-0.16%)
     

  • CRUDE OIL

    75.49
    -0.36 (-0.47%)
     

  • Bitcoin CAD

    86,712.78
    +2,608.52 (+3.10%)
     

  • XRP CAD

    0.74
    +0.00 (+0.36%)
     

  • GOLD FUTURES

    2,674.20
    +34.90 (+1.32%)
     

  • RUSSELL 2000

    2,234.41
    +45.99 (+2.10%)
     

  • 10-Yr Bond

    4.0730
    -0.0230 (-0.56%)
     

  • NASDAQ

    18,342.94
    +60.89 (+0.33%)
     

  • VOLATILITY

    20.46
    -0.47 (-2.25%)
     

  • FTSE

    8,253.65
    +15.92 (+0.19%)
     

  • NIKKEI 225

    39,605.80
    +224.91 (+0.57%)
     

  • CAD/EUR

    0.6642
    -0.0011 (-0.17%)
     

Accenture (ACN) Closes Acquisition of Eclipse Automation

Zacks Equity Research
·2 min read

Accenture plc ACN yesterday announced that it has snapped up Cambridge, Ontario, Canada-based customized manufacturing automation and robotics solutions provider, Eclipse Automation. The financial terms of the deal were kept under wraps.

Founded in 2001, Eclipse Automation is a developer of automated manufacturing systems used in the creation of sophisticated products for companies from various industries such as industrial equipment, life sciences, energy, automotive and consumer goods space. The company’s offerings include automation control systems, production machines and robots, with customized tooling manufactured in-house. It is now part of Industry X, Accenture’s digital engineering and manufacturing service.

Accenture’s Benefits

The buyout is part of Accenture’s bid to expand its digital engineering and manufacturing capabilities and offer automated product lines that use cloud, data and artificial intelligence, to its clients, making their factories smarter, more efficient and future ready.

Accenture will integrate its strong digital expertise with Eclipse’s advanced automation capabilities to enable clients to bring significant enhancements to their products. The company will provide training capabilities and technology to its clients to help them build a digital workforce.

Accenture’s shares are down 12.3% over the past year compared with a 9.6% decline in the industry it belongs to and an 11.6% fall of the Zacks S&P 500.

Accenture PLC Price

 

 

Accenture PLC price | 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, Genpact Limited G and CRA International, Inc. CRAI.

Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has an earnings growth rate of 108.4% for 2022. You can see the complete list of today’s Zacks #1 Rank stocks here.

Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.

Genpact carries a Zacks Rank #2 (Buy) at present. G has a long-term earnings growth expectation of 12.3%.

Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.

CRA International flaunts a Zacks Rank of 1, currently. CRAI has a long-term earnings growth expectation of 14.3%.

CRAI delivered a trailing four-quarter earnings surprise of 26%, 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
 
Genpact Limited (G) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research