IT Company Accenture Strengthens Foothold In Japan, Buys Integrated Marketing Firm
Portfolio Pulse from Lekha Gupta
Accenture PLC has acquired Tokyo-based integrated marketing firm, SIGNAL, for an undisclosed amount. The acquisition will enhance Accenture's marketing capabilities and add 100 industry experts to its team in Japan. Last week, Accenture reported Q4 revenue growth of 4% Y/Y to $15.98 billion, missing the consensus of $16.07 billion. ACN shares are trading lower by 0.55% at $305.42 premarket.
October 02, 2023 | 12:59 pm
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Accenture's acquisition of SIGNAL is expected to enhance its marketing capabilities in Japan. However, the company's Q4 revenue missed the consensus, which may have contributed to the slight drop in premarket trading.
The acquisition of SIGNAL is a positive move for Accenture as it expands its capabilities and presence in Japan. However, the company's missed Q4 revenue consensus is a negative signal to investors, which is likely causing the slight drop in premarket trading.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100