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ACCENTURE PLC

(ACN)
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Delayed Nyse  -  04:00:02 2023-01-26 pm EST
274.26 USD   +0.40%
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Accenture to Accelerate Cyient's Digital Transformation Journey

09/27/2022 | 04:48am EST

NEW DELHI -- Accenture (NYSE: ACN) is enabling Cyient, a global engineering, manufacturing and digital technology solutions company, to reinvent and enhance its business operations using digital technologies such as artificial intelligence (AI) and robotic process automation.

In addition to deploying an AI-based digital platform that will consolidate Cyient's operations and technology application architecture, Accenture is also redesigning the company's finance, accounting, human resources, and information technology processes to make them more productive and agile. The program is designed to help Cyient enable predictive and proactive maintenance, automate routine functions, empower its people to focus on more valuable work and support business growth.

The collaboration will leverage the Accenture SynOps platform - which orchestrates the optimal combination of human + machine talent to accelerate the journey to digital, data-driven intelligent operations - and the Accenture myWizard® intelligent automation platform.

"As a technology company, we know that digital technologies are key to driving our growth and that of our customers," said Ajay Aggarwal, Cyient's chief financial officer. "With this initiative, we are harnessing Accenture's industry-leading digital expertise to enhance our operational agility, accelerate innovation, improve customer outcomes and drive profitable growth."

Sandeep Dutta, managing director, who leads growth and strategic client relationships for Accenture in India, said, "Intelligent operations are key to becoming an agile, competitive, future-ready enterprise. We are teaming with Cyient to modernize its operations with data and insights to drive its next wave of growth."

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 721,000 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 Cyient

Cyient (Estd: 1991, NSE: CYIENT) is a leading consulting-led, industry-centric, global technology solutions company. We enable our customers to apply technology imaginatively across their value chain to solve problems that matter. We are committed to designing tomorrow together with our stakeholders and being a culturally inclusive, socially responsible, and environmentally sustainable organization. For more information, please visit Cyient.

# # #

Contacts:

Liza Saha

Accenture

liza.saha@accenture.com

Dilloris Handry Baruva

Cyient

dillorishandry.baruva@cyient.com

Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE PLC 0.40% 274.26 Delayed Quote.2.78%
CYIENT LIMITED -2.04% 848.8 End-of-day quote.4.69%
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Financials (USD)
Sales 2023 64 453 M - -
Net income 2023 7 325 M - -
Net cash 2023 8 070 M - -
P/E ratio 2023 23,9x
Yield 2023 1,58%
Capitalization 173 B 173 B -
EV / Sales 2023 2,55x
EV / Sales 2024 2,37x
Nbr of Employees 738 000
Free-Float 94,8%
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Last Close Price 274,26 $
Average target price 311,95 $
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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
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