- Accenture PLC ACN acquired Toronto's Oracle Cloud implementation service provider Cloudworks.
- The financial terms of the transaction remain undisclosed.
- Cloudworks specializes in strategy, business, and technology consulting and gained popularity for Oracle Cloud-based solutions in Enterprise Resource Planning, Enterprise Performance Management, and Human Capital Management.
- Cloudworks has capabilities in robotic process automation (RPA), data analytics, and AI, which help maximize the business value for clients' investments in Oracle Cloud.
- Accenture held $10 billion in cash and equivalents as of May. 31.
- Price action: ACN shares traded lower by 1.23% at $308.06 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
