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News  ›  Benzinga

Accenture Expands Italian Financial Services Technology Platform

Benzinga Logo Benzinga By Lekha Gupta
Accenture Expands Italian Financial Services Technology Platform

Accenture announced the acquisition of Cabel Industry from the Fibonacci Group to strengthen its Italian financial services technology hub (AFAST). The deal adds ~200 professionals and specialized core banking solutions for mid-sized financial institutions. Accenture recently beat Q1 2026 earnings expectations but slightly lowered full-year guidance.

Insights
SFTBY   negative

Sold entire $5.8 billion stake in Nvidia, with shares tanking over 10% after the announcement, suggesting investor disapproval of the decision


ACN   positive

Strategic acquisition expands capabilities in growing financial services market, adds specialized expertise and 200 professionals, strengthens regional platform. Recent Q1 earnings beat analyst expectations on both EPS and revenue, though full-year guidance was slightly reduced.