Accenture plc (ACN) PT Raised to $190 at Cowen

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Accenture (ACN) Secures 10-Yr $501.2M Contract from USDA to Build Cloud Solution Based on SAP HANA

October 3, 2018 7:00 AM EDT

Accenture (NYSE: ACN) has been awarded a contract to build a new cloud solution for the United States Department of Agriculture (USDA) Office of the Chief Financial Officer. The contract, which has an estimated value of $501.2 million over a 10-year performance period, is part of the USDAs broader modernization effort.

Under the terms of the contract, Accenture Federal Services (AFS) will help the USDA continue to migrate the technology for its financial operations from an on-premise data-center-based architecture to a cloud solution that will support applications and database requirements for storage, networking and... More