| | PA Consulting Group, the
management, systems and
technology consulting
firm, announced strong
financial results for
the 2006 financial year,
with group revenues
increased to £374.4m
(from £323.9m in 2005)
and the group share
price increased to £6.38
(from £5.00 in 2005).
This group figure
comprises revenues from
PA's consulting business
and its venture
companies. Underlying
consulting revenues
increased to £373.6m
(from £323.9m in 2005,
up 15%); and consulting
operating profits were
£40.0m (£37.1m in 2005,
up 7.8%). PA is an
employee-owned company
and the ordinary share
capital of PA is held by
current and former
employees.
Bruce Tindale, PA's
chief executive,
commented: "I am very | |
| |
| | of 28% over the previous
year. Taking account of
dividends paid, total
shareholder return since
1992, when the price was
10p, is some 7,860% – an
almost 80-fold increase
and a significant
outperformance of the
world's major share
indices over the same
period. This is very
good news for our
shareholders – PA's
employees."
Alan Middleton, PA's
chief executive elect,
said: "2006 saw our best
ever financial results
and our best ever result
at the MCA Management
Awards – ultimately both
a reflection of the
quality of work that PA
delivers. All of this
success is due to PA's
great people, who I
salute and thank for
their great efforts,
energy, commitment and
talent. I look forward
to working with my | |
|
| | colleagues and our
clients to deliver
success in the future."
PA has experienced
significant success in
the MCA Management
Awards over a number of
years. Last year, for
example, PA won six of
the 19 top prizes at the
Awards. They included
the ultimate Platinum
prize of Overall Winner
for the best consulting
assignment of the year
and five Gold Category
Winner Awards – making
2006 the firm’s most
successful year ever. No
other consulting firm
was given more than two
top awards.
In the eight years
that PA has entered the
awards it has received
an unprecedented 32% of
all the top awards
(Overall Platinum and
Gold Category Winners).
This includes winning
the Overall Award on
four occasions, and | |
|
| | securing 16 Gold Award
Category Winners. No
other consulting firm in
the UK comes even close
to matching this record.
Ventures have also
brought success. The
sale of PA's wireless
communications venture
company, UbiNetics, won
the 'Venture capital
Deal of the Year' award
at the 2006 Private
Equity Awards. The sale
of UbiNetics in two
transactions realised
$132.5m. Aegate, PA's
venture to combat
pharmaceutical fraud,
has launched in Belgium
and will be rolled out
across Europe in 2007.
ProcServe was created as
a venture in 2006 and
enables organisations to
transform their
procurement functions.
Its flagship project is
the world-leading
Zanzibar project for the
UK public sector.
| |
|
| | proud of PA's
performance in 2006. The
fact that it was PA's
most successful year on
record is testament to
the dedication and
commitment of our 3,000
staff. Together we have
delivered performance
levels that take our
firm to new heights,
with 2006 a record year
for our consulting
business."
Jon Moynihan, PA's
executive chairman,
commented: "In 2006 PA
progressed further in
our mission of
continuously improving
our people, our work for
our clients and our
results, on our way to
becoming the best
consulting firm in the
world. Our year end
share price of £6.38
represents an increase | |
|
Previous Page 
