Accenture plc ACN shares are trading marginally higher on Tuesday.

In a press release, the company announced that Accenture Federal Services has received a Task Order worth up to $1.6 billion to effectively scale and improve the U.S. Air Force’s multi-cloud Cloud One environment.

“Accenture Federal Services will help the U.S. Air Force optimize its current cloud environment and support Cloud One in realizing its full potential,” said Justin Shirk, a Mission Operations and Cloud Ecosystems managing director in Accenture Federal Services. 

Accenture Federal Services will also deliver multi-cloud billing and account management services for the Air Force.

According to Benzinga Pro, ACN stock has gained over 24% in the past year. Investors can gain exposure to the stock via Trust for Professional Managers Jensen Quality Growth ETF JGRW and Siren Nasdaq NexGen Economy ETF BLCN.

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The company expressed confidence that its deep understanding of the U.S. Air Force’s mission-critical needs, along with its expertise in cloud transformation and embedded FinOps, positions it to provide a managed cloud and software service that aligns effectively with the agency’s long-term goals.

The length of the Accenture Federal Services Cloud One Task Order support contract is up to five years and 3 months.

Last month, Accenture expanded its partnership with NVIDIA Corp. to launch the Accenture NVIDIA Business Group. 

Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving training globally to help clients scale enterprise AI adoption with AI agents using Accenture’s AI Refinery developed on the NVIDIA AI stack. 

The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.

Price Action: ACN shares are trading higher by 0.63% to $363.60 at last check Tuesday.

Photo via Shutterstock

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