Yahoo Finance Accenture's 2nd Innovation Hub in US to Create 400 Tech Jobs
Global consulting giant, Accenture Plc ACN, announced the opening of its new innovation center in Boston, MA, this Monday. As described by Accenture, an innovation hub is a place where its clients can “work side-by-side” with the company’s professionals and explore “the latest technologies, including artificial intelligence, blockchain, robotics and augmented reality” to solve clients’ problems.
The center has been set up on the premises of the company’s existing 52,000-square-foot office at 888 Boylston Street. Approximately 1,500 employees currently work at this office and with the opening of the innovation hub, Accenture plans to add another 400 tech jobs by 2020.
Accenture has a long relationship with Boston which is evident from the fact that over the past several years, the company has heavily invested in the city’s education community. Furthermore, the city is well known for its exceptional schools and skilled tech professionals, which are perfectly in sync with Accenture’s growth initiative.
The recent move is part of the company’s strategy of opening 10 innovation centers, and making $1.4-billion technology and training investment in the United States. Under this planned investment, the company will create 15,000 new jobs in the country by 2020. The recently-announced innovation center will be Accenture’s second facility under the investment strategy, while the company already opened the first center in Houston last year in February.
The company’s long-term prospects look promising, driven by sustained focus on innovative product roll outs, continued investments in enhancing digital and marketing capabilities, along with major acquisitions. In addition, we believe regular acquisitions will significantly contribute to the revenue stream.
Accenture PLC Revenue (TTM)
Accenture PLC Revenue (TTM) | Accenture PLC Quote
Currently, Accenture carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include Micron Technology, Inc. MU, STMicroelectronics N.V. STM and Microsoft Corporation MSFT. While Micron and STMicroelectronics flaunt a Zacks Rank #1 (Strong Buy), Microsoft carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron, STMicroelectronics and Microsoft have long-term expected EPS growth rates of 10%, 5% and 12.7%, respectively.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
STMicroelectronics N.V. (STM) : Free Stock Analysis Report
Micron Technology, Inc. (MU) : Free Stock Analysis Report
Accenture PLC (ACN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
