NEW YORK & ROTTERDAM, Netherlands - Accenture (NYSE: NYSE:ACN) has announced the acquisition of Flo Group, a consultancy firm based in Europe that specializes in global supply chain logistics and is a recognized partner of Oracle. This strategic move is aimed at enhancing Accenture's Oracle capabilities in Europe, facilitating the development of more resilient and agile supply chains for clients, which provide end-to-end visibility. The terms of the transaction have not been disclosed.
Flo Group, established in 2007 and headquartered in Rotterdam, has a presence in Argentina and India as well. With a workforce of 280, Flo Group is now part of the Accenture Oracle Business Group. This integration is expected to strengthen Accenture's ability to assist clients in designing their digital core for supply chain transformation.
Andrea Cesarini, the lead of the Accenture Oracle Business Group in Europe, Middle East, and Africa, expressed the company's commitment to helping organizations reinvent themselves by building a digital core as a source of competitive advantage. He welcomed the Flo team, noting their deep skills in complex logistics platforms, and anticipated that the acquisition would unlock additional value for clients in Europe.
Michiel Keijzer, CEO of Flo Group, remarked on the company's 17-year history of delivering complex supply chain solutions and expressed enthusiasm for the growth opportunities that joining Accenture will bring.
Accenture's acquisition of Flo Group follows the recent addition of Inspirage, an Oracle Cloud specialist firm, emphasizing the company's continued investment in supply chain management expertise.
Flo Group has been serving enterprise clients across various industries, such as retail, automotive, consumer goods, manufacturing, mining, energy, chemicals, and government. Their approach includes consulting and implementing Oracle supply chain cloud technology, aiming to deliver business benefits and continuous improvement opportunities.
The information provided is based on a press release statement.
InvestingPro Insights
As Accenture bolsters its Oracle capabilities with the acquisition of Flo Group, investors and industry observers are closely watching Oracle Corporation (NYSE: NYSE:ORCL) itself. Oracle's strategic relevance in supply chain management, as highlighted by its partnership with Flo Group, underscores the company's prominence in the software industry. Here are some key metrics and tips from InvestingPro that shed light on Oracle's current market standing:
Oracle's market capitalization stands at a robust $350.13 billion, reflecting its significant presence in the market. However, with a P/E ratio of 32.9 and an adjusted P/E ratio for the last twelve months as of Q3 2024 at 30.77, the company is trading at a high valuation relative to near-term earnings growth. This suggests investors are willing to pay a premium for Oracle's shares, possibly due to its established position and consistent performance in the tech sector.
The company's revenue has grown by 9.49% over the last twelve months as of Q3 2024, indicating a solid upward trajectory in its financial performance. Additionally, Oracle's dividend yield as of the most recent data point is 1.25%, with the company having raised its dividend for 10 consecutive years, showcasing a commitment to returning value to shareholders.
Accenture's investment in Oracle expertise through acquisitions like Flo Group could be viewed as a testament to Oracle's integral role in digital transformation initiatives, especially in supply chain management. For those looking to delve deeper into Oracle's financial health and stock performance, there are additional InvestingPro Tips available, including insights into earnings revisions, valuation multiples, and liquidity concerns.
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