Prosperous Cloud: Accenture Makes Debut on S&P 500

Prosperous Cloud: Accenture Makes Debut on S&P 500

Accenture made its debut today on the S&P 500, an achievement that is testament to the recent wave of technology innovations in the enterprise.

Accenture has fared well recently. In June, the Irish company posted a 28% increase in revenues for the quarter. Management said a driver for Accenture’s growth is the enterprise demand for using cloud and mobile technologies.

The S&P 500 is a leading indicator of the economy. According to Wikipedia:

The S&P 500 is an index of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock market exchanges: the New York Stock Exchange and the NASDAQ.

After the Dow Jones Industrial Average, the S&P 500 is the most widely followed index of large-cap American stocks. It is considered a bellwether for the American economy, and is included in the Index of Leading Indicators.

Accenture’s acceptance to the S&P 500 is an example of the mega trends enveloping the services business. Accenture recently published a report detailing its technology vision that shows how the company views th shifting technology landscape.  It touches on familiar themes:

  • Data takes its rightful place as a platform.
  • Analytics is driving a discontinuous evolution from business intelligence.
  • Cloud computing will create more value higher up the stack.
  • Architecture will shift from server-centric to service-centric.
  • IT security will respond rapidly, progressively—and in proportion.
  • Data privacy will adopt a risk-based approach.
  • Social platforms will emerge as a new source of business intelligence.
  • User experience is what matters.

Accenture’s message is similar to CSC, which is also seeing the enterprise transform to a services infrastructure. Accenture differentiates itself on the subject of data as Gavin Michael discussed in his address at the Structure conference last month. Michael is global managing director for R&D and alliances at Accenture.

Services Angle

Accenture’s debut on the S&P 500 is symbolic of the massive economic engine that cloud computing and more generally, data, is bringing to markets around the world. That’s a trend the services world can prosper from readily as innovation moves from the server to a services centric economy.

Alex Williams

Alex Williams is an editor for SiliconAngle and lives a charmed life in Portland, Or.


Join our mailing list to receive the latest news and updates from our team.


Join our mailing list to receive the latest news and updates from our team.
RELATED:  Breaking the blockchain: Accenture patents editable version of immutable infrastructure

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Share This

Share This

Share this post with your friends!