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January 26, 2006

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EVEREST GROUP MARKS 15TH YEAR WITH EXPANSION...Everest Group, a leading provider of strategic advisory services that help companies worldwide harness the power of outsourcing, advised on approximately 20 percent of the major outsourcing transactions announced in 2005, which are estimated at $75 billion in total contract value. Everest Group also launched the Everest Research Institute, made a substantial investment in its human resources outsourcing (HRO) practice group in the US and Canada, and expanded its international capabilities with new office openings in London and New York.

ADP REPORTS 9% REVENUE GROWTH IN SECOND QUARTER...Automatic Data Processing, Inc. reported 9% revenue growth, to $2.2 billion, and $0.47 earnings per share from continuing operations for the second fiscal quarter ended December 31, 2005.

ACXIOM REPORTS RECORD QUARTER...Acxiom Corporation announced financial results for the third quarter of fiscal 2006 ended December 31, 2005. Revenue for the quarter was $347.4 million, income from operations was $52.7 million, pre-tax earnings were $44.0 million, and diluted earnings per share (EPS) were $0.31. All represent record quarterly performances in the company’s history.

EDS COMPLETES A.T. KEARNEY SALE...EDS announced it completed the sale of its global consulting subsidiary, A.T. Kearney, to the firm’s management, effective January 23, 2006.

BEARINGPOINT NAMES EMEA CHAIRMAN...BearingPoint, Inc. has named Keith Burgess as the company’s Chairman of Europe, Middle East and Africa (EMEA), a newly created position. In addition to 30 years at Accenture, where he was most recently a Worldwide Managing Partner, Burgess has held several distinguished industry positions in recent years.

FIRST FORBES/OUTSOURCING CENTER 2006 SPECIAL REPORT CLOSES MARCH 21...Forbes and Outsourcing Center are teaming up again in 2006 for two special text/advertising reports focused on best practices in managing outsourcing relationships. The first report is scheduled for the June 5, 2006 issue of Forbes and will close for advertising participation on March 21. The second report will appear in the November 27 issue with a close date of September 11. Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles.

Posted by jbowles at January 26, 2006 04:41 PM