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MCA members exceed revenue growth expectations     announcement, 70% of UK consulting firms expected a rise in new business wins over the next three months. Announcing the Q4 2005 figures, 88% of member firms actually reported a rise in revenue compared with the previous quarter – highlighting the buoyancy in the current market. Underlying quarterly revenues were up 8.2% in Q4 2005 compared with Q4 2004.    “Rising stock markets are usually synonymous with a booming consulting industry and 2005/6 is proving to be no exception,” said     Top-Consultant.com director Tony Restell. “M&A activity amongst FTSE companies is booming and that is creating a huge raft of new assignments for consulting firms. Plus rising stock markets provide the positive sentiments needed for CEOs to sign off on major consulting assignments. This is translating into strong order books, rising utilisation rates and a red-hot demand for new consulting hires. One of the biggest constraints the market now faces is where these new hires will come from –     inevitably we must seek to recruit talent from outside our industry, but with the City also booming this will not be an easy task.”    Meanwhile, the figures also illustrate a resurgence in the traditional management consultancy service lines such as strategy, HR and marketing. Fee revenues from these traditional service lines have grown 6% over the last quarter alone and are a major contributor to the overall growth rate being enjoyed by the sector. So the times when it was purely     outsourcing and public sector work keeping the industry afloat are long gone.    Looking to the future, the MCA quarterly report also found that 70% of member firms expect the volume of total new orders to increase in 2006 – with firms particularly optimistic about growth prospects from the financial services practice areas. The MCA's next results will be published in June.              The UK’s Management Consultancies Association (MCA) has released its latest quarterly results –and what a positive picture they paint.    Revenue growth amongst member firms has outstripped even their own buoyant growth predictions of three months ago. At the time of the last quarterly

EDS gets $3bn extension on Navy contract     about $3bn to its value. The troubled project has dragged down the company’s earnings in the past.    The contract, to build and manage a massive internal military network, is the single largest government contract in     the history of EDS.    The company was originally chosen to undertake the project in 2000, in a deal expected to be worth about $6.8bn. But the contract, which called for EDS to consolidate more than 1,000 individual networks, was     riddled with challenges and delays almost from the start. The upfront investments in hardware were far greater than originally expected, and EDS underestimated the rate at which it could complete the work. During 2003 the company wrote down several     hundred million dollars in charges related to the deal.    EDS said the project is to become profitable soon and remain that way until its conclusion in 2010, generating $2.4bn in free cash.           The US Department of the Navy has extended EDS’s contract to build the Navy Marine Corps Intranet (NMCI) for three years, adding

Jobsite and Top-Consultant.com launch cross-posting system     A new internet recruitment initiative has gone live, with the launch of a cross-posting facility between Top-Consultant.com and the UK's leading jobs board Jobsite.    Recruiters posting jobs to specialist     management consultancy board Top-Consultant.com may now tick a box to have their roles additionally cross-posted to a new management consultancy jobs channel on Jobsite.    “Our 2006 recruitment channel survey showed that Jobsite is among     the top three sites for reaching management and IT consultants and as a result many of our clients asked if a bundled deal could be created that would allow them to post to both sites simultaneously. As we were acquired by Jobsite last August, we     were able to implement this system within weeks of the results going public,” commented Top-Consultant director Tony Restell.    “The candidate market is exceptionally tight right now and being able to post jobs quickly to a larger target audience     of consultancy candidates will be a key success factor for recruiters looking to hit their hiring targets for 2006.”

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