CHICAGO, Aug. 9, 2011 /PRNewswire/ -- Zacks.com announces
the list of stocks featured in the Analyst Blog. Every day the
Zacks Equity Research analysts discuss the latest news and events
impacting stocks and the financial markets. Stocks recently
featured in the blog include: Accenture plc (ACN -
Analyst Report), Pepco Holdings Inc. (POM - Analyst Report),
Anheuser-Busch InBev (BUD - Analyst Report), Banco Bilbao
Vizcaya Argentaria S.A. (BBVA - Analyst Report) and
International Business Machines Inc. (IBM - Analyst
Report).
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Here are highlights from Wednesday's Analyst Blog:
Accenture Wins IRS Deal
Technology outsourcing and consulting major Accenture plc
(ACN - Analyst Report) recently won a 10-year technology service
contract from the Internal Revenue Service (IRS) department. These
contracts are the primary procurement vehicles for
technology-related services within the Internal Revenue Service
(IRS) and other Treasury bureaus.
The IRS department short listed 33 companies including Accenture
Federal Services as prime contractors for this multiple-award
contract.
As per the terms of the agreement, the company will provide
support services coupled with a large spectrum of other services
spanning local microcomputer applications to large-scale integrated
legacy systems, and newly developed systems, as well as security
services and program management.
This new TIPSS-4 ITS contract has been customized to provide
state-of-the-art, modern technology services throughout the period
of performance of the contract. Accenture will work as a technology
service provider in the same domain.
The company has been consistently winning new deals. Earlier,
Accenture won a technology consulting deal from one of the largest
energy delivery companies in the mid-Atlantic region Pepco
Holdings Inc. (POM - Analyst Report), better known as PHI.
Financial terms of the deal were not disclosed. According to the
deal, Accenture will offer its technology solutions to set up an
integrated Network Operations Center (NOC) for Pepco Holdings.
Accenture has already tasted success in various sectors as well
as geographical regions. In the past few months, the company has
served CF Industries Holdings (a leading manufacturer and
distributor of fertilizers), Anheuser-Busch InBev (BUD -
Analyst Report) and Banco Bilbao Vizcaya Argentaria S.A.
(BBVA - Analyst Report). Apart from these, Accenture has also
gained a strong foothold in the insurance vertical.
We find Accenture's third quarter results encouraging, as both
the top and bottom line strongly beat the Zacks Consensus
Estimates. Based on improving business momentum and market share
gains, Accenture raised its revenue and earnings guidance for
fiscal 2011. Moreover, we are also impressed by the steady flow of
new businesses and believe that the trend will continue.
Apart from this, we remain optimistic about Accenture's deal
wins from various industry verticals. We also believe Accenture's
recent acquisitions will enrich its product portfolio. However,
increasing competition from International Business Machines
Inc. (IBM - Analyst Report) may temper growth prospects to
some extent.
Currently, Accenture holds a Zacks #3 Rank, implying a
short-term Hold rating.
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