Halliburton Forms Agreement with Accenture and Microsoft | Financial Buzz

Halliburton Forms Agreement with Accenture and Microsoft

Microsoft Corporation (NASDAQ: MSFT), Accenture (NYSE: CAN) and Halliburton (NYSE: HAL) reported entry into a five year strategic agreement to further Halliburton’s digital capabilities in Microsoft Azure.  Halliburton will complete its move to cloud based digital platforms and increase customer offerings by enhancing real-time platforms for expanded remote operation, improve analytics capabilities utilizing machine learning and artificial intelligence.  This includes accelerating the deployment of new technology and applications. 

“The strategic agreement with Microsoft and Accenture is an important step in our adoption of new technology and applications to enhance our digital capabilities, drive additional business agility and reduce capital expenditures,” said Jeff Miller, Halliburton chairman, president & CEO. “We are excited about the benefits our customers and employees will realize through this agreement, and the opportunity to further leverage our open architecture approach to software delivery.”

“Moving to the cloud allows companies to create market-shaping customer offerings and drive tangible business outcomes,” said Judson Althoff, executive vice president, Microsoft’s Worldwide Commercial Business. “Through this alliance with Halliburton and Accenture, we will apply the power of the cloud to unlock digital capabilities that deliver benefits for Halliburton and its customers.”

All of Halliburton’s physical data centers will be migrated to Azure.  “Building a digital core and scaling it quickly across a business is only possible with a strong foundation in the cloud,” said Julie Sweet, chief executive officer, Accenture. “Halliburton recognizes that this essential foundation will provide the innovation, efficiency and talent advantages to do things differently and fast. We are proud to be part of driving this transformational change, which builds on our long history of working with Halliburton and Microsoft.”