Accenture is buying Work & Co for an undisclosed amount
0
0
Accenture Plc (NYSE: ACN) just revealed plans of buying Work & Co – a digital product company based out of Brooklyn. Its shares are roughly flat at writing.
Here’s what we know about the Accenture-Work deal
The professional services company expects this acquisition to help it tap on the global digital transformation market that is expected to hit $1.7 trillion by 2028.
Work & Co did not reveal the financial details of its agreement with Accenture on Tuesday. Mohan Ramaswamy – its found partner said in a press release today:
It’s energizing to look towards a future of collaborating on work powered by unmatched level of scale, intelligence, sector expertise, and innovation found at Accenture Song.
Wall Street currently has a consensus “overweight” rating on shares of Accenture plc that have gained 17% since late October.
What Accenture expects in terms of trends in 2024
The agreement between Accenture Plc and Work & Co is subject to customary closing conditions, as per the press release on Tuesday.
On Tuesday, Accenture also reiterated that artificial intelligence software will likely remain a major trend in 2024. It expects “Gen AI” to play a role in unlocking human potential instead of stifling it.
According to Statista, the artificial intelligence marketplace will be worth about $2.0 trillion by the end of this decade versus $200 billion only at writing.
Last month, Accenture reported better-than-expected adjusted per-share earnings for its first financial quarter even though its revenue came in slightly shy of Street estimates.
Watch here: https://www.youtube.com/embed/AooSRlrc1FA?feature=oembedThe post Accenture is buying Work & Co for an undisclosed amount appeared first on Invezz
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
0
0