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STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Accenture and KPN Collaborate on Industrial 5G Applications

Zacks Equity Research

Accenture plc ACN yesterday announced that it is collaborating with Dutch telecommunications company KPN and other businesses in the KPN-led Industrial 5G Field Lab Initiative to develop and test industrial 5G applications. The initiative is aimed at accelerating the adoption of 5G in Netherlands.

In a press release, Accenture stated that with KPN, it has successfully tested 5G technology powered industrial applications for various use cases including areas of preventive maintenance and digital work.

Notably, at Mobile World Congress Americas in September last year, the company unveiled 5G Acceleration Services, aimed at speeding up the process of 5G deployment.

This set of services focus on use cases and business models, device innovation, network deployment approach, architectural as well as platform innovation and can be availed by a range of communications industry players.

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Our Take

We believe that such moves are part of Accenture’s bid to gain an early advantage in building 5G enabled applications and expanding them beyond the communications industry.

Accenture PLC Revenue (TTM)

Accenture PLC Revenue (TTM) | Accenture PLC Quote

 

With a leading position in the space, the company could significantly boost its Communications, Media & Technology segment that serves communications, media, software, high tech and platform companies.

Zacks Rank & Stocks to Consider

Accenture carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the broader Zacks Business Services sector are Republic Services RSG, Waste Connections WCN and Navigant Consulting NCI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Long-term expected EPS (three to five years) growth rate for Republic Services, Waste Connections and Navigant is 10.7%, 11.7% and 13.5%, respectively.

More Stock News: This Is Bigger than the iPhone!

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Zacks Investment Research