Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

ACCENTURE PLC

(ACN)
  Report
Delayed Nyse  -  04:00:01 2023-02-03 pm EST
289.22 USD   -1.66%
02/02Accenture Unit Wins Position on Multiyear US Air Force Contract
MT
02/02Accenture Acquires Bionest For Undisclosed Sum
MT
02/02Accenture Expands Strategy Capabilities in Life Sciences with the Acquisition of Bionest
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Accenture and IIT Madras to Conduct Deep Technology Research for Industrial Automation, Robotics and Advanced Automotive Technologies

09/22/2022 | 09:01am EST

BENGALURU, India - Accenture (NYSE: ACN) and the Indian Institute of Technology Madras (IITM) have set up a Center of Excellence (CoE) to undertake collaborative research projects and jointly develop intellectual properties and thought leadership focused on digital engineering and manufacturing across industries.

Specific areas of collaboration will include autonomous robotics systems (ARS), industrial internet of things (IIoT), digital twin systems (DTS) and advanced automotive technologies such as electric mobility services. The CoE will also work as an incubator and identify disruptive early-stage startups to drive innovation and research in these areas.

'Advanced digital technologies can help enterprises drive new levels of productivity, competitiveness and sustainable growth in a fluid and rapidly changing environment, and industry academia partnerships are crucial for developing solutions and talent for the future,' said Mahesh Zurale, senior managing director, lead - Advanced Technology Centers in India, Accenture.

'With increasing use of digital technologies in manufacturing, breakthrough innovations in areas such as AI, IoT, autonomous robotics systems and digital twins are necessary to fuel the next era of industrial revolution,' said Raghavan Iyer, senior managing director, Innovation lead - Integrated Global Services, Accenture Technology. 'Through our collaboration with IITM, we look forward to working with some of the brightest talent in technology to create powerful and purposeful solutions that can drive impact.'

Welcoming this partnership, Dr. V Kamakoti, Director IITM said, 'As a premier technology institution in India, we have been actively collaborating with innovative organizations globally to co-innovate disruptive products and services in new and emerging areas. We are excited to be setting up this new Center with Accenture as it not only aligns with our interest and objectives, but also brings intellectual and practical skills that are necessary for our student researchers for the future.'

University collaboration has been key to Accenture's innovation agenda. The company has been collaborating with leading universities around the world to jointly develop forward-looking thought leadership, research, educational programs, and other activities. Most recently, Accenture collaborated with the Indian Institute of Science (IISc) Bengaluru to establish Accenture Center for Advanced Computing.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song - all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

About IIT Madras

The Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an 'Institute of National Importance.' The activities of the Institute in various fields of Science and Technology are carried out in 16 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc., M.B.A., MTech., M.S., and Ph.D., degrees in a variety of specializations. IITM is a residential institute with more than 600 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.

Recognized as an Institution of Eminence (IoE) in 2019, IITM has been ranked No.1 in the 'Overall' category for the fourth consecutive year in India Ranking 2022 released by National Institutional Ranking Framework, Ministry of Education, Govt. of India. The Institute has also been ranked No.1 in the 'Engineering Institutions' category in the same Rankings for seven consecutive years - from 2016 to 2022. It was also adjudged as the 'Top innovative Institution' in the country in Atal Ranking of Institutions on Innovation Achievements (ARIIA) in 2019, 2020 and 2021. ARIIA Ranking was launched by the Innovation Cell of Ministry of Education.

Contact:

Keerthi Goutham

Accenture

T: +91 99000 94099

E: Keerthi.goutham@accenture.com

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about ACCENTURE PLC
02/02Accenture Unit Wins Position on Multiyear US Air Force Contract
MT
02/02Accenture Acquires Bionest For Undisclosed Sum
MT
02/02Accenture Expands Strategy Capabilities in Life Sciences with the Acquisition of Biones..
BU
02/02Accenture Federal Services Awarded a Position on $900M Digital Engineering Contract to ..
BU
02/02Accenture plc acquired Bionest Partners, Inc on February 2, 2023.
CI
02/01Accenture Plc : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
01/31Ardent Health Services Teams with Accenture and UKG to Transform Workforce Management
BU
01/31Ardent Health Services Teams with Accenture and UKG to Transform Workforce Management
CI
01/30Wells Fargo Starts Accenture at Equalweight With $289 Price Target
MT
01/27Accenture Rated Highest Leader in Everest Group Salesforce Industry Cloud Services PEAK..
AQ
More news
Analyst Recommendations on ACCENTURE PLC
More recommendations
Financials (USD)
Sales 2023 64 447 M - -
Net income 2023 7 314 M - -
Net cash 2023 7 926 M - -
P/E ratio 2023 25,2x
Yield 2023 1,50%
Capitalization 182 B 182 B -
EV / Sales 2023 2,70x
EV / Sales 2024 2,52x
Nbr of Employees 738 000
Free-Float 94,8%
Chart ACCENTURE PLC
Duration : Period :
Accenture plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ACCENTURE PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 289,22 $
Average target price 311,61 $
Spread / Average Target 7,74%
EPS Revisions
Managers and Directors
Julie Spellman Sweet Chairman & Chief Executive Officer
KC McClure Chief Financial Officer
Paul R. Daugherty Group Chief Executive Officer-Technology Division
Penelope Prett Chief Information Officer
Manish Sharma Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
ACCENTURE PLC10.22%182 133
TATA CONSULTANCY SERVICES LTD.6.93%154 894
INTERNATIONAL BUSINESS MACHINES CORPORATION-3.19%123 811
AUTOMATIC DATA PROCESSING, INC.-4.13%93 368
INFOSYS LIMITED6.05%80 176
SNOWFLAKE INC.24.04%52 514