EDAG issued last night a profit warning for its full-year 2019 operations. The company is now expecting revenue growth by approximately 1% (previous guidance 5%), an adjusted EBIT margin of 4%-5% (previously 5%-7%), and a net profit of EUR 10m.
Accenture continues to deploy its M&A strategy and has made its fifth acquisition for Industry X.0. The company acquired Zielpuls, an ER&D vendor servicing the German automotive industry. Zielpuls is an embedded systems specialist.
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
Akka performed well in full-year 2018: revenues were up 9.5% at CC/CS to EUR 1,505m. The company demonstrates, quarter after quarter, its ability to grow quickly in geographies, large or small
As expected, Volkswagen and Ford have provided some detail on their long-awaited partnership. Ford will design and build mid-sized pickups for Volkswagen, with the first vehicles ready in 2022. It will also build large commercial vans, while Volkswagen will develop a city van. In addition, the two firms intend to work together on mobility services, EVs and autonomous vehicles.
It is striking to see how few onshore ER&D service vendors have built a significant Indian or nearshore presence. Onshore vendors do acknowledge that the Indian ER&D service vendors grow faster than they do but argue that most of the Indian vendors service U.S. clients or industries (mostly, ISVs, technology vendors and telecom equipment manufacturers) they do not quite address.
Akka was the last to announce its revenue performance in Q3 2018, after Alten and Altran. The performance of the company was strong with a 12.8% CC/CS yoy growth to EUR 350m, thanks to aerospace, automotive and railways/trains. Demand
Accenture had a busy summer, making three tuck-in acquisitions to its recently-created new Industry X.0 unit that is part of Accenture Digital: Columbus, OH-based Pillar Technology provides embedded software capabilities for connected products such as cars. The company has