Business Wire

BearingPoint Reports Outstanding Growth in 2017 with Revenues Reaching 710 Million Euros

Jaa

BearingPoint announced today record revenues of 710 million euros in 2017, representing a 12% increase over the previous year. Bookings grew 14% year-on-year, showing strong momentum in business development. Consequently, the firm grew much faster than the 7% growth forecasted by research company Gartner for consulting worldwide in 20171. Regarding utilization rate, the firm ran at capacity and increased its workforce by 11% to allow for further growth. Despite significant investments in people and the creation of new IP-based assets, growth was highly profitable with an EBIT increase of 18% year over year. As a result, BearingPoint is set to reach its goal of one billion euros in revenues by 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180405005085/en/

Peter Mockler, Managing Partner BearingPoint (Photo: Business Wire)

Peter Mockler, Managing Partner BearingPoint (Photo: Business Wire)

“We certainly had a good market environment in 2017, but BearingPoint’s performance was particularly strong. It was the continued execution of the firm’s long-term strategy to combine business consulting, technology and IP-based assets that again paid off, and I am proud of what we achieved as a team. We are well on the way of reaching our goal of one billion euros in revenues by 2020,” says Peter Mockler, Managing Partner BearingPoint.

BearingPoint saw growth across all industry segments, service lines and regions, with the firm’s core territory EMEA again forming the stronghold. The Consulting unit showed strong overall performance and specific drivers of growth such as the firm’s products in Regulatory Technology stood out in the Solutions unit.

Investments in ecosystems creating new IP assets
BearingPoint continued to invest in innovative ecosystems and new IP assets that bring technologies, ideas and, financing together to create rapid solutions for changing market environments. Against this background, the firm acquired the supply-chain specialist LCP Consulting in the UK, integrated an automotive consulting team in Italy, and invested in the Norwegian insure-tech start-up Tribe. With its “Be an Innovator” process, BearingPoint generated more than 100 ideas for new services. Innovation labs were used to develop and validate innovative services with clients. BearingPoint created ten new Accelerators, the firm’s technology packages with rapid market impact, which led to 56 million euros in new bookings in 2017. The infrastructure of the firm’s Solutions unit was further developed to better match its focus on software products. It now also includes P&L responsibility to provide even more room for entrepreneurship in this unit.

Rapidly growing workforce anchored by client focus and stewardship
Driven by its strong growth, BearingPoint increased its workforce with new talent across all regions by 11% year-on-year. Also, 19 new Partners were admitted to the firm’s partnership: 16 were promoted internally and 3 joined from the market.

“Our workforce grew double-digit, and there is a good reason for our success in attracting talent. We understand that it’s all about the ecosystem of work: the company culture, the way you experience leadership, the quality of the projects you are working on, and the environment you are working in,” says Peter Mockler.

“Admitting new Partners to BearingPoint is also great news for our clients and for us. It’s great for our clients because the Partners are at the heart of our independent partnership. They make sure that we keep client focus as our first priority at all times. It’s also good news for us because stewardship is a core principle of our partnership: we are determined to develop our people and our capabilities in order to build a stronger, healthier, and wiser organization for the benefit of future generations of employees. I’m also happy to report that four of our newly appointed Partners were women, which was an important step toward our goal of 20% of Partners being female by 2020,” he adds.

Market recognition for innovative technologies
BearingPoint’s offerings for digital transformation and regulatory technology were recognized by leading analysts in 2017. IDC evaluated BearingPoint as a “Major Player” in its “MarketScape: EMEA Digital Strategy and Agency Services 2017 Vendor Assessment,” and Gartner named BearingPoint a “Visionary” in its 2017 “Magic Quadrant for Integrated Revenue and Customer Management for Communication Services Providers.” BearingPoint was also recognized as a “Visionary” in the Gartner “Magic Quadrant for CRM and Customer Experience Implementation Services, Worldwide” for the third consecutive time. The firm was honored with the Chartis RiskTech100® award in the category “Regulatory Reporting” as well as with the Central Banking award as “Consultancy and Advisory Services Provider of the Year.” In November 2017, BearingPoint was awarded the Salesforce Platinum Partner status as a result of successfully helping clients enhance their customer experience and run their businesses in the cloud.

About BearingPoint
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.

For more information, please visit:

Homepage: www.bearingpoint.com
LinkedIn: www.linkedin.com/company/bearingpoint
Twitter: @BearingPoint

____________________________
1 Source: Gartner. Forecast: IT Services, Worldwide, 2015-2021, 4Q17 Update. Published: December 19, 2017. ID: G00343324.

Contact information

BearingPoint
Alexander Bock
Manager Communications
Tel.: +49 89 540338029
Email: alexander.bock@bearingpoint.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

New Industry Research Shows Augmented Reality Adopters Have Best-in-Class Performance Related to Factory Operations, Service, and Training18.10.2018 13:00Tiedote

PTC (NASDAQ: PTC) today announced from Augmented World Expo (AWE) Europe 2018 the availability of new research in conjunction with Aberdeen Group titled, “How the Best-in-Class Use Augmented Reality for Superior Service Management.” The comprehensive research study and corresponding report identifies significant financial improvements realized by industrial companies embracing augmented reality (AR), and provides best practices for unlocking the potential of the technology across various environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181018005051/en/ PTC announced exclusive data from Aberdeen Group shows that organizations using augmented reality have experienced significant year-over-year business growth and have improved their bottom lines dramatically. (Graphic: Business Wire). In addition to the report published today, PTC announced exclusive data from Aberdeen that shows that organizations using AR have ex

PotNetwork Holdings, Inc. Concludes Record Breaking 3rd Quarter with Revenues Exceeding $6.1 Million18.10.2018 13:00Tiedote

PotNetwork Holdings, Inc. (OTC Pink: POTN ) today announced third quarter revenues totaling $6.1 Million representing a 37% increase over the same period last year. The Company committed to increasing marketing during the last year resulting in the increase of year over year revenue. The marketing budget increased by more than 200% during that time. Diamond CBD distributes premium quality products and has established a successful, continually broadening distribution footprint. Diamond CBD’s products are taking advantage of the popularity of hemp-derived CBD. Diamond’s hemp-derived CBD products do not contain any THC and are tested for purity. Driven by the continually growing results of its wholly-owned subsidiary, Diamond CBD, Inc., PotNetwork Holdings, Inc. has recently filed its Form 10 registration statement with the U.S. Securities and Exchange Commission that includes the Company’s audited financial statements. Additionally, PotNetwork Holdings, Inc. intends to seek listing on th

Cigalah Medpharm Announces the Launch in Saudi Arabia and United Arab Emirates of Nexodyn® AOS, the Tehclo-Based Wound Cleanser Developed by the Swiss Pharma Company APR18.10.2018 12:30Tiedote

Nexodyn® AcidOxidizing Solution (AOS), the Tehclo-based cleanser for acute and chronic wound management, is now starting to be available in Saudi Arabia and United Arab Emirates (UAE), promoted and commercialized by the leading pharmaceutical company Cigalah Medpharm, part of Cigalah Group, following an exclusive partnership with the Swiss Pharma company APR Applied Pharma Research (“APR”). The current size of wound care market in Saudi Arabia and United Arab Emirates accounts for almost 70 million USD and it’s expected to keep growing in the next years because of the aging of the population and the increasing prevalence of chronic wounds, which represent roughly the 70% of the total market. As confirmed by market research, strong is the need from Healthcare Professionals (HCP) of new treatment options to ensure a faster and effective wound healing. The innovative wound cleanser, Nexodyn® AOS, based on APR’s proprietary and patented technology Tehclo®, offers to HCPs and caregivers a n

New Open Applications Advance Comprehensive Modeling Environment for Multidiscipline Collaboration18.10.2018 11:58Tiedote

The Year in Infrastructure 2018 Conference – Bentley Systems, Incorporated, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, today launched OpenSite Designer, a built-for-purpose application for the design and construction of civil site projects. It also launched OpenBuildings, bringing together its AECOsim building design and Speedikon factory and industrial design applications; and announced the availability of OpenBuildings Station Designer, a specialized application for designing rail and metro stations. At the same time, Bentley announced the availability of OpenBridge Designer, which combines Bentley’s bridge modeling, analysis and design capabilities into one comprehensive package, and OpenFlows FLOOD, a flood analysis and early warning system. In addition, in pursuit of its ‘industrialization’ strategy, Bentley announced it has rebranded under its Open portfolio several of its applications

Takeda Receives Clearance from the Japan Fair Trade Commission for the Proposed Acquisition of Shire plc18.10.2018 10:19Tiedote

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Takeda Pharmaceutical Company Limited (“Takeda”) announces that it has received unconditional clearance from the Japan Fair Trade Commission for the proposed acquisition of Shire plc announced on May 8, 2018 (the “Acquisition”). The receipt of antitrust clearance in Japan is another significant step towards closing the transaction. In addition to Japan, the Acquisition has now received unconditional clearances from regulatory authorities in multiple key jurisdictions, including the United States, China and Brazil, among others. “We are very pleased to have received unconditional clearance from the Japan Fair Trade Commission for our proposed acquisition of Shire,” said Christophe Weber, President and Chief Executive Officer of Takeda. “Takeda is proud of its Japanese heritage, and we are look

FedEx Expanding Freight Forwarding Capabilities with Acquisition of Manton18.10.2018 09:00Tiedote

FedEx Corp. (NYSE:FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions. With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage. Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company. “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to cont

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme