The Zacks Analyst Blog Highlights: Accenture plc, Pepco Holdings, Anheuser Busch InBev, Banco Bilbao Vizcaya Argentina and IBM

Aug 09, 2011, 13:27 ET from Zacks Investment Research, Inc.

CHICAGO, Aug. 9, 2011 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Accenture plc (ACN - Analyst Report), Pepco Holdings Inc. (POM - Analyst Report), Anheuser-Busch InBev (BUD - Analyst Report), Banco Bilbao Vizcaya Argentaria S.A. (BBVA - Analyst Report) and International Business Machines Inc. (IBM - Analyst Report).


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Here are highlights from Wednesday's Analyst Blog:

Accenture Wins IRS Deal

Technology outsourcing and consulting major Accenture plc (ACN - Analyst Report) recently won a 10-year technology service contract from the Internal Revenue Service (IRS) department. These contracts are the primary procurement vehicles for technology-related services within the Internal Revenue Service (IRS) and other Treasury bureaus.

The IRS department short listed 33 companies including Accenture Federal Services as prime contractors for this multiple-award contract.

As per the terms of the agreement, the company will provide support services coupled with a large spectrum of other services spanning local microcomputer applications to large-scale integrated legacy systems, and newly developed systems, as well as security services and program management.

This new TIPSS-4 ITS contract has been customized to provide state-of-the-art, modern technology services throughout the period of performance of the contract. Accenture will work as a technology service provider in the same domain.

The company has been consistently winning new deals. Earlier, Accenture won a technology consulting deal from one of the largest energy delivery companies in the mid-Atlantic region Pepco Holdings Inc. (POM - Analyst Report), better known as PHI.

Financial terms of the deal were not disclosed. According to the deal, Accenture will offer its technology solutions to set up an integrated Network Operations Center (NOC) for Pepco Holdings.

Accenture has already tasted success in various sectors as well as geographical regions. In the past few months, the company has served CF Industries Holdings (a leading manufacturer and distributor of fertilizers), Anheuser-Busch InBev (BUD - Analyst Report) and Banco Bilbao Vizcaya Argentaria S.A. (BBVA - Analyst Report). Apart from these, Accenture has also gained a strong foothold in the insurance vertical.

We find Accenture's third quarter results encouraging, as both the top and bottom line strongly beat the Zacks Consensus Estimates. Based on improving business momentum and market share gains, Accenture raised its revenue and earnings guidance for fiscal 2011. Moreover, we are also impressed by the steady flow of new businesses and believe that the trend will continue.

Apart from this, we remain optimistic about Accenture's deal wins from various industry verticals. We also believe Accenture's recent acquisitions will enrich its product portfolio. However, increasing competition from International Business Machines Inc. (IBM - Analyst Report) may temper growth prospects to some extent.

Currently, Accenture holds a Zacks #3 Rank, implying a short-term Hold rating.

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