« New Business | Main | Advertising Information »
February 09, 2006
Top Stories
EQUATERRA AND TPI MERGE...Outsourcing advisory firms EquaTerra and TPI, Inc. announced the signing of a merger agreement. Closing is anticipated later this month. The merged firm will operate under the name Veritage. Ed Glotzbach will serve as CEO, and Mark Toon will be president and COO.
EARNINGS WRAPUP...For the first fiscal quarter, Hewitt Associates, Inc. reported net revenues (revenues before reimbursements) declined 1%, to $701.0 million, from $709.0 million in the comparable prior-year quarter. Outsourcing revenues declined 3%, and consulting revenues increased 6%. The current quarter was impacted by a $16 million decline in third-party supplier revenues, and the net unfavorable effects of foreign currency translation of $6 million. Acquisitions contributed $3 million of revenue in the quarter...Perot Systems Corporation announced financial results for the fourth quarter and full year of 2005. Revenue for the fourth quarter was $527 million, an increase of $61 million, or 13% year-to-year, and includes $14 million of revenue from acquisitions completed during the past year. Revenue for the full year of 2005 was $2 billion. Earnings per share (diluted) for the fourth quarter of 2005 was $.22, and full year 2005 earnings per share (diluted) was $.91...ARAMARK Corporation reported record sales of $2.9 billion for the first quarter of 2006, a 7 percent increase over the prior year quarter. Reported net income was $93 million and diluted earnings per share were $0.50...EDS reported fourth quarter net income of $112 million, or 21 cents on a per share basis, versus net income of $53 million, or 10 cents per share, in last year's fourth quarter. For full-year 2005, EDS posted earnings of $150 million, or 28 cents per share, versus earnings the prior year of $158 million, or 32 cents per share.
CLICK COMMERCE ACQUIRES ELANCE ASSETS...Click Commerce, Inc. has acquired substantially all of the operating assets of Elance, Inc.'s on-demand e-commerce solutions for services business. The acquisition enhances Click Commerce's supply chain management solutions for the extended enterprise by adding new on-demand collaborative commerce capabilities that enable companies to find, evaluate, purchase, manage, and pay contractors and third-party service providers.
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 February 9, 2006 09:32 PM
