Latest news with #JulieSweet
Business Wire
a day ago
- Business
- Business Wire
NatWest Group to Accelerate Bank-wide Data and AI Transformation Through 5-year Collaboration with Accenture and AWS
LONDON--(BUSINESS WIRE)-- NatWest Group ('NatWest') has today announced a new, five-year collaboration with Amazon Web Services, Inc. ('AWS')—an Inc. company (NASDAQ: AMZN)—and Accenture (NYSE: ACN) to transform the way it serves its customers by accelerating the modernisation of its digital, data and analytics, and AI capabilities. The collaboration will enable NatWest to provide more intuitive, engaging and personalised services to its 20 million customers—drawing on the combination of Accenture and AWS's advancedcloud, AI, and banking expertise to help anticipate and respond to customer needs faster and more effectively. In parallel, it will further enhance colleagues' skills and foster a data-driven culture through access to new AI technologies that empower them to more swiftly and easily serve customers. As a result, the collaboration will help NatWest deliver against each of its strategic priorities: Disciplined growth: A holistic view of each customer's relationship with the bank—introducing state-of-the-art data capabilities for relationship managers, equipping them with advanced tools that enable access to, and analysis of, deep insights for each customer. Seamless engagement and real time communication for customers—integrating data and advanced analytics into every customer interaction in order to provide a personalised and proactive experience, with recommendations, products and support that meet and anticipate their needs. Bank-wide simplification: Accelerating the consolidation of various data streams into a single, bank-wide data platform, enabled by AI. Providing a more efficient and cohesive banking experience, including faster onboarding through digital verification and streamlined documentation processes. Improved operational performance and simplified operating models—greater automation of processes and controls, freeing up colleagues to spend more time with customers, whilst reducing costs. Active balance sheet and risk management: Better quality data to support robust security and protection measures—enabling more efficient complaints handling and improved fraud prevention. More agile capital management as well as more efficient and faster financial, risk and regulatory reporting through improved data sourcing. Paul Thwaite, CEO of NatWest Group, said: 'This collaboration with Accenture and AWS is key to helping us progress the transformation of NatWest as we become a simpler, more technology and data-driven bank. Our industry—and the expectations of our customers—are changing rapidly and we are building our capabilities in order to understand and serve their needs better and faster than ever before. Equipped with high quality data, we can continue to quietly revolutionise how we serve our customers through the use of AI and other technologies in order to provide more personalised products and services as a trusted partner in the moments that matter most.' Julie Sweet, Chair and CEO of Accenture, said: 'NatWest has a bold vision to use the power of its data to seamlessly tie together its products, channels and customer touchpoints—a major step forward in making banking easier for its customers and providing them with more personalised experiences. We are excited to partner with NatWest and AWS and bring our deep industry experience and data and AI expertise to this reinvention, which will increase efficiency, drive greater productivity and create value. Together, we will help NatWest raise the bar for how banks can use data and AI to better serve customers and reach new levels of performance.' Matt Garman, CEO of AWS, said: 'NatWest is working with AWS and Accenture to bring together banking data to better serve customers. Using AWS's deep and extensive experience in financial services technology, NatWest is setting new standards in banking as a more agile, customer-focused bank. Their AI-enabled platform will deliver the agility, security, and reliability needed to deepen customer relationships and drive growth. This exemplifies how forward-thinking financial institutions work with AWS to solve real problems and innovate at scale." Supporting video content from NatWest, Accenture and AWS can be found here. Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'should,' 'likely,' 'anticipates,' 'aspires,' 'expects,' 'intends,' 'plans,' 'projects,' 'believes,' 'estimates,' 'positioned,' 'outlook,' 'goal,' 'target' and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the use of AI could harm our business, damage our reputation or give rise to legal or regulatory action, as well as the risks, uncertainties and other factors discussed under the 'Risk Factors' heading in Accenture plc's most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at About Amazon Web Services Since 2006, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 117 Availability Zones within 37 geographic regions, with announced plans for 13 more Availability Zones and four more AWS Regions in Chile, New Zealand, the Kingdom of Saudi Arabia, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit and follow @AmazonNews.
Mint
7 days ago
- Business
- Mint
Mint Explainer: Will FY26 be a washout year for the IT services industry?
Early results from the first quarter point to a challenging and even unpredictable roadmap ahead for the $280 billion IT business, driven by cautious client spending, tariff-related headwinds, geopolitics and more. While companies are putting up a brave front, these could cast a long shadow on this fiscal year. Mint breaks it down. What can we deduce from the earnings seasons so far? The latest earnings season has laid bare the shifting contours in the global IT services industry. IT services bellwether Tata Consultancy Services (TCS), missed revenue estimates in Q1FY26, echoing a broader caution among clients amid tariff-related uncertainty and deferred discretionary spending. Global technology services and consulting major, Accenture, posted a third quarter (March-May 2025) revenue of $17.7 billion. Despite beating revenue expectations, the Dublin, Ireland-headquartered company saw a second consecutive drop in new bookings in its third quarter. HCL Tech posted revenue growth of 1.34% sequentially to $3.55 billion for the June quarter, but missed profit estimates, while Tech Mahindra surprised with profit growth and an uptick in deal wins. Together, these results paint a picture of an industry in flux — caught between changing technology needs of clients led by artificial intelligence (AI), slow decision-making in consumer-facing, tariff- impacted sectors like retail and auto, vendor consolidation, clients opting to grow captive units or Global Capability Centers (GCCs), besides geopolitical headwinds. Companies are putting up a brave front, but these could cast a long shadow on this fiscal year. What are the top honchos saying? K. Krithivasan, chief executive officer and managing director, TCS, said continued global macroeconomic and geopolitical uncertainties caused a demand contraction. At Accenture's second quarter earnings call in June, Julie Sweet, CEO of Accenture, maintained that the company remains on track for strong growth, though the company's government business (accounting for 8% of its global revenue) has been impacted due to US federal policy changes. Accenture Federal Services contributes 8% to the company's global revenue ($64.9 billion in 2024). 'What we've seen in recent weeks is an elevated level of uncertainty. There's a global conversation around tariffs, not just in the Americas but in Europe as well," Sweet said. Despite a better-than-expected performance, Mohit Joshi, CEO of Tech Mahindra, said the macro picture is still hazy. "Tariff-impacted sectors are not conducive to discretionary spending. Overall market is volatile, and there's a slowdown in auto and manufacturing. Banking is steady and hi-tech is volatile. We do see recovery in the second half." C. Vijayakumar, CEO & managing director, HCLTech, said that the company's operating margin was impacted by lower utilization and additional GenAI and GTM (go to market) investments. Meanwhile, a Redditor (posting on Reddit, a social news aggregation and discussion platform) said, 'The next decade won't look like the last. Those who pivot to AI, develop deep domain expertise, and automate delivery models will thrive. Others might fade." What is the outlook for the IT services business? The near-term outlook remains cautious. TCS's CEO flagged intensified delays in discretionary spending and project starts, with clients deferring decisions until there's more clarity on US tariffs and fiscal policy. Accenture's restructuring around AI signals a pivot toward reinvention, but even it is grappling with slower deal closures. TCS revenue increased just 1.3% YoY, with four of six verticals declining. International revenue dipped 0.5%. Accenture's revenue grew 8% YoY, but bookings fell 6%, indicating future demand softness. Noida-based HCLTech's revenue was up 8% YoY, but net profit down 10%, reflecting margin pressure. And Tech Mahindra's revenue increased 3% YoY and profit surged 34%, signaling operational discipline and deal momentum. The broad consensus? Tech services growth will likely be muted in the short term, with FY26 guidance reflecting low single-digit expansion across most players. Is there stress in tariff-impacted sectors? Yes, and it's becoming more pronounced. The uncertainty around US tariffs—especially in consumer-facing businesses such as automobiles and retail and others, including manufacturing and communications—has led to deferred projects and cautious spending. BFSI, which is the largest vertical for most companies and accounts for around 35% of the industry revenue, remains steady. TCS saw year-on-year (YoY) contraction between 3% to 9.6% in various verticals, including consumer, healthcare, manufacturing, communication and media. While BFSI, technology, energy and utilities saw 1% to 2.8% growth in the same period. For Tech Mahindra, the manufacturing business declined 4% and technology, media and entertainment fell 3.3%. Among geographies, Europe grew 11.7% YoY, but Americas, which accounts for around half of its business, saw a 5.9% YoY revenue drop. For HCL Tech, much of the incremental revenue came from banks and financial institutions, which make up around 20% of the company's business. The company narrowed its revenue guidance for the full year. It now expects revenue growth between 3% and 5% in constant currency terms, from 2% to 5% earlier. Is Agentic AI becoming part of conversations? The market is fast shifting to agentic AI (AI systems designed to operate with a high degree of autonomy), but most IT services companies remain in pilot project mode, unable to convert proof of concepts into large projects. Accenture leads in this space. It has also set up a new division focused on AI called `reinvention services', which involves merging strategy consulting, technology, and operations into a single unit. For Accenture, GenAI bookings for the quarter hit $1.5 billion with revenues exceeding $700 million. In the first nine months of its fiscal year Accenture has secured $4.1 billion in GenAI business and generated $1.8 billion in revenue. Indian IT services players do not report AI revenue separately, despite claiming that AI is part of every deal. How are the new deal bookings? Deal momentum is mixed, with signs of stress in closures despite healthy pipelines. TCS won deals worth $9.4 billion, up from $8.3 billion in the year-ago period, but down from $12.2 billion q-on-q. Accenture won $19.7 billion new deals, down 6% y-o-y. HCLTech won $1.81 billion worth of new deals in the quarter, while Tech Mahindra saw a 44% jump in new deal wins YoY at $809 million in Q1. Will IT services survive multiple disruptions, from AI to tariffs? The IT services industry is at a crossroads. Tariff uncertainty and cautious client behaviour are dampening near-term growth, but AI—especially agentic AI—is emerging as a strategic lever. Accenture's bold restructuring may set the tone, but TCS, HCLTech, Wipro, Infosys and others must move beyond pilots to monetization. Deal pipelines remain healthy, but execution delays are the new norm. Reditor pointed out that clients are more interested in AI solutions rather than digital transformation, a pivot that Indian IT should make quickly. The winners will be those who can translate AI into measurable outcomes. Will GCCs spoil the IT services party? According to a Confederation of Indian Industry (CII) Global Capability Centre (GCC) report this week, India has established itself as the global hub for GCCs, hosting over 1,800 centres as of FY25. By 2030, India could have almost 5,000 GCCs with a direct employment of 4-5 million, the report noted. A ramp-up in GCCs will impact the work shipped to third-party providers, the IT services companies. Cognizant, for example, has raised concerns about potential risks stemming from GCCs operated by its clients in its 2024 annual report. Some IT services companies including Infosys, HCLTech, Wipro, Tech Mahindra are partnering with GCCs, helping them set up centers. But going forward, companies will have to compete not only with rival services providers but also with GCCs for business. A tough task in an already challenging business environment.
Yahoo
07-07-2025
- Business
- Yahoo
5 Revealing Analyst Questions From Accenture's Q2 Earnings Call
Accenture's first quarter results met Wall Street's expectations for both revenue and adjusted earnings, but the market responded negatively following the report. Management attributed the quarter's performance to broad-based growth across consulting and managed services, with particular strength in managed services and double-digit growth in cloud and security. CEO Julie Sweet noted, 'Our clients continue to prioritize large scale transformations and we are their reinvention partner of choice,' highlighting the company's strong bookings and increasing adoption of generative AI (Gen AI) solutions. However, the quarter also saw operating margin contraction and ongoing investments in workforce training and strategic acquisitions, which weighed on profitability. Is now the time to buy ACN? Find out in our full research report (it's free). Revenue: $17.73 billion vs analyst estimates of $17.33 billion (7.7% year-on-year growth, 2.3% beat) EPS (GAAP): $3.49 vs analyst estimates of $3.32 (5.2% beat) Adjusted EBITDA: $3.55 billion vs analyst estimates of $3.50 billion (20% margin, 1.5% beat) Revenue Guidance for Q3 CY2025 is $17.3 billion at the midpoint, above analyst estimates of $17.08 billion EPS (GAAP) guidance for the full year is $12.83 at the midpoint, roughly in line with what analysts were expecting Operating Margin: 16.8%, in line with the same quarter last year Market Capitalization: $190.8 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jason Kupferberg (Bank of America) asked if there were any signs of clients pausing new initiatives outside the U.S. federal segment. CFO Angie Park and CEO Julie Sweet replied that no broad-based pauses were observed, but noted ongoing client discussions amid recent uncertainty. Tien-Tsin Huang (JP Morgan) pressed on operating margin dynamics and whether cost pressures or pricing changes contributed. Park explained that gross margin declined due to higher subcontractor costs and business optimization actions, while pricing remained relatively stable in a competitive market. Bryan Keane (Deutsche Bank) inquired about changes in client budgets and discretionary spending. Sweet responded that budgets remain similar to previous quarters, with discretionary spending still constrained except for some improvement in banking and capital markets. James Faucette (Morgan Stanley) sought clarification on recent demand trends by geography and sector. Sweet emphasized that no slowdown had been observed, but acknowledged increased global uncertainty, particularly regarding tariffs and consumer sentiment. Darrin Peller (Wolfe Research) asked about the durability of large transformational contract demand and the potential for pent-up client budgets if uncertainty resolves. Sweet highlighted the ongoing client focus on large-scale reinvention regardless of the macro environment, and noted increasing adoption of Gen AI solutions. In the coming quarters, the StockStory team will watch (1) the pace of generative AI adoption and monetization across new and existing clients, (2) the resolution and impact of U.S. federal contract reviews on revenue stability, and (3) the company's ability to sustain managed services growth while controlling margin pressures. Progress on strategic acquisitions and workforce upskilling efforts will also be important indicators of execution. Accenture currently trades at $304.07, in line with $306.21 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Palantir and Accenture Federal Services Join Forces to Help Federal Government Agencies Reinvent Operations with AI
DENVER & ARLINGTON, Va., June 30, 2025--(BUSINESS WIRE)--Palantir (NASDAQ: PLTR), a leading provider of AI systems, and Accenture Federal Services, a leading U.S. federal technology company and subsidiary of Accenture LLP (NYSE: ACN), today announced a landmark strategic partnership, naming Accenture Federal as a Palantir preferred implementation partner for U.S. federal government customers. Together, the companies will deploy commercial-grade, AI-powered solutions to address federal agencies' highest priority operational challenges, from optimizing and orchestrating mission-critical workflows to enhancing decision-making and increasing operational resilience. As part of the collaboration, Accenture Federal Services and Palantir will partner to train and certify Accenture Federal's Data & AI team of 1,000 professionals on Palantir Foundry and Artificial Intelligence Platform (AIP) to establish a premier joint delivery capability of cutting-edge automation for the federal government. "Accenture Federal is a natural Palantir partner," said Dr. Alex Karp, co-founder and CEO of Palantir Technologies. "Accenture and Palantir are both committed to creating value for America by delivering product-driven outcomes." "What makes this partnership so uniquely powerful is Accenture's expertise working with the federal government and our ability to bring commercial capabilities to government solutions, combined with Palantir's deep experience in government software," said Julie Sweet, chair and CEO of Accenture. "Together, we will harness the ever-growing power of AI to help the federal government succeed in its critical mission to modernize and reinvent its operations—with stronger data flows, transparency and resilience—to better serve warfighters, citizens and all its stakeholders." The two companies will initially focus on the co-development of three key offerings: Enterprise-to-Edge Data Fusion. Using Palantir's ontology and AI platform to accelerate modernization of enterprise business systems to push critical data from the enterprise to the tactical edge. Predictive Supply Chain Orchestration. Combining Accenture's federal and commercial logistics expertise with Palantir AI to help government agencies deliver optimized, autonomous and resilient supply chain workflows. Operationalize Financial Intelligence. Providing a 360-degree view of agency budgets and expenditures across numerous systems to enhance fiscal transparency and accountability. "The world is getting more dangerous, and we need to provide America's warfighters with cutting-edge AI computing and solutions in order to enhance deterrence," said Mike Galagher, head of Defense for Palantir Technologies. "This partnership will empower those warfighters with information and analytics, allowing them to fight smarter." "This is a game changer for both companies, but more importantly, it's a game changer for our federal customers," said Ron Ash, CEO of Accenture Federal Services. "We're investing in building a scalable capability with Palantir that will deliver AI-enabled decision-making capabilities directly into the fabric of government agencies so leaders can act decisively and deliver greater results faster." About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at About Accenture Federal Services Accenture Federal Services is a US subsidiary of Accenture LLP that government agencies choose to partner with to drive impactful change. Our 15,000 people are committed to powering reinvention for the federal government with the same commercial technology, competitive drive and technical edge that is transforming global industry—ensuring that federal enterprises can be as modern, fast, and efficient as the country it serves. See how we reinvent at About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms' reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. View source version on Contacts Lisa GordonPalantirmedia@ Deirdre BlackwoodAccenture Federal Servicesmedia@ Sign in to access your portfolio
Business Wire
30-06-2025
- Business
- Business Wire
Palantir and Accenture Federal Services Join Forces to Help Federal Government Agencies Reinvent Operations with AI
DENVER & ARLINGTON, Va.--(BUSINESS WIRE)--Palantir (NASDAQ: PLTR), a leading provider of AI systems, and Accenture Federal Services, a leading U.S. federal technology company and subsidiary of Accenture LLP (NYSE: ACN), today announced a landmark strategic partnership, naming Accenture Federal as a Palantir preferred implementation partner for U.S. federal government customers. Together, the companies will deploy commercial-grade, AI-powered solutions to address federal agencies' highest priority operational challenges, from optimizing and orchestrating mission-critical workflows to enhancing decision-making and increasing operational resilience. As part of the collaboration, Accenture Federal Services and Palantir will partner to train and certify Accenture Federal's Data & AI team of 1,000 professionals on Palantir Foundry and Artificial Intelligence Platform (AIP) to establish a premier joint delivery capability of cutting-edge automation for the federal government. 'Accenture Federal is a natural Palantir partner,' said Dr. Alex Karp, co-founder and CEO of Palantir Technologies. 'Accenture and Palantir are both committed to creating value for America by delivering product-driven outcomes.' "What makes this partnership so uniquely powerful is Accenture's expertise working with the federal government and our ability to bring commercial capabilities to government solutions, combined with Palantir's deep experience in government software," said Julie Sweet, chair and CEO of Accenture. 'Together, we will harness the ever-growing power of AI to help the federal government succeed in its critical mission to modernize and reinvent its operations—with stronger data flows, transparency and resilience—to better serve warfighters, citizens and all its stakeholders.' The two companies will initially focus on the co-development of three key offerings: Enterprise-to-Edge Data Fusion. Using Palantir's ontology and AI platform to accelerate modernization of enterprise business systems to push critical data from the enterprise to the tactical edge. Predictive Supply Chain Orchestration. Combining Accenture's federal and commercial logistics expertise with Palantir AI to help government agencies deliver optimized, autonomous and resilient supply chain workflows. Operationalize Financial Intelligence. Providing a 360-degree view of agency budgets and expenditures across numerous systems to enhance fiscal transparency and accountability. 'The world is getting more dangerous, and we need to provide America's warfighters with cutting-edge AI computing and solutions in order to enhance deterrence,' said Mike Galagher, head of Defense for Palantir Technologies. 'This partnership will empower those warfighters with information and analytics, allowing them to fight smarter.' 'This is a game changer for both companies, but more importantly, it's a game changer for our federal customers,' said Ron Ash, CEO of Accenture Federal Services. 'We're investing in building a scalable capability with Palantir that will deliver AI-enabled decision-making capabilities directly into the fabric of government agencies so leaders can act decisively and deliver greater results faster.' About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at About Accenture Federal Services Accenture Federal Services is a US subsidiary of Accenture LLP that government agencies choose to partner with to drive impactful change. Our 15,000 people are committed to powering reinvention for the federal government with the same commercial technology, competitive drive and technical edge that is transforming global industry—ensuring that federal enterprises can be as modern, fast, and efficient as the country it serves. See how we reinvent at About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms' reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
