Accenture Ranked No. 1 Overall in HFS Research’s Top 10 Report for Energy Service Providers 2019

NEW YORK–(BUSINESS WIRE)–Accenture (NYSE: ACN) has been ranked No. 1 overall in the HFS
Top 10 Energy Service Providers 2019
. Accenture’s leading
position in the report was based on its ability to execute and
innovation capability, placing it ahead of the other leading providers
that HFS assessed. These included Cognizant, DXC.Technology, HCL, NTT
Data, Tech Mahindra, Infosys, Epam, Tata Consultancy Services, LTI and
Wipro.

The industry-specific capabilities of the service providers were
evaluated across the energy value chain according to a defined series of
criteria focused on innovation, execution, and the voice of the
customer. The value chain functions, as defined in the report, included
exploration, development and production; transportation, refining,
distribution; and marketing and retail.

“We’re delighted to have been named as the leader in this latest report
from HFS,” said Andrew Smart, a senior managing director and lead for
Accenture’s energy industry group. “As the energy transition gathers
steam, and oil and gas companies need to balance transforming and
growing their core with a pivot to new growth areas, our leading
position demonstrates our dedication to partnering with them to help
navigate this challenge. We remain distinguished by our
industry-specific expertise and committed to delivering leading-edge
innovation across the energy value chain to deliver solutions that will
enable our clients to weather the storm of industry change.”

In the report, Accenture was specifically recognized as the leader when
it comes to the size and experience of its energy practice, the
geographic mix of its clients, its investments and development of its
partnership ecosystem, its innovative solutions — including platform
offerings, deployment of intelligent automation, and development of
internal intellectual property — and its clear vision for the future of
the energy industry.

“The global energy sector faces two competing priorities as the ‘energy
transition’ becomes real: finding new growth avenues while optimizing
operational efficiencies, production levels and capital needs,” said
Saurabh Gupta, HFS Research’s chief strategy officer. “Accenture is
uniquely positioned to address these challenges head-on with end-to-end
consulting and execution services at scale and with innovation at its
heart.”

Among the key strengths that contributed to Accenture’s leading position
in the report, HFS cited:

  • Consulting and execution at scale: Accenture differentiated
    itself from all other service providers by its ability to offer
    integrated end-to-end services spanning consulting, infrastructure,
    business process services and digital. It continues to aggressively
    expand its range and scale of oil and gas services with smart and
    focused acquisitions, such as Enaxis in 2019.
  • Commitment to innovation: Accenture has invested in five
    innovation hubs, that include a focus on the energy industry. It
    continues to make significant investments in emerging technologies
    across automation, advanced analytics, engineering services, IoT, and
    blockchain, investments which are enabling strong opportunities for
    joint co-innovation with clients.
  • Ecosystem: Accenture has one of the strongest ecosystems
    spanning technology, platform, automation, business services, and
    industry-specific partners.

The findings of the report were based on detailed RFIs and briefings
conducted with the service providers, interviews with clients of the
service providers, HFS surveys with 350 Global 2000 enterprises and
publicly available information.

The HFS Top Ten Energy Service Providers 2019 can be accessed here.

More information about Accenture’s services to the energy industry can
found here.

About Accenture

Accenture is a leading global professional services company, providing a
broad range of services and solutions in strategy, consulting, digital,
technology and operations. Combining unmatched experience and
specialized skills across more than 40 industries and all business
functions – underpinned by the world’s largest delivery network –
Accenture works at the intersection of business and technology to help
clients improve their performance and create sustainable value for their
stakeholders. With 477,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.

Contacts

Guy Cantwell
Accenture
+ 1 281 900 9089
[email protected]

Matt
Corser
Accenture
+ 44 755 784 9009
[email protected]

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