Andersen Consulting keeps up growth
Tuesday 27 February 1996
George Shaheen, world-wide managing partner, attributed the success to "delivering value to our clients through our people and our global reservoir of knowledge". He added: "Our success comes from our clients' successes."
The firm, part of the world-wide organisation that centres on the accounting practice Arthur Andersen, saw European income rise 20 per cent to $1.37bn in the year to 31 December 1995. The number of employees rose to 12,208 in Europe and 38,000 in 47 countries around the world. In common with other professional firms, the organisation is not required to publish details of profits.
The figures are the latest in a series of strong results that have taken the firm from the $1bn revenue business it was before it was separated for reporting purposes from the older accounting practice in 1989. It is predicting similar growth in the current year.
Fundamental to European growth were particularly strong performances in the insurance, transportation and communications sectors, while the practice also benefited from the continuing trend for outsourcing accounting operations. During the year, it signed a deal with Conoco oil commpany to add to the renewal of its five-year contract with BP Exploration.
Other projects contributing to the firm's success in Europe ranged from working with Nationwide to create an interactive multimedia system that enables customers to gain quick access to information about the organisation's products and services, to assisting Brussels' Airport Terminal Company to develop a "20-minute airport" through the integration of air-traffic control, baggage handling, ticketing and customs.
Although the firm is constantly taking its information technology-based expertise into new areas, it said that its commitment to long-term partnerships was demonstrated by 70 per cent of new business coming from existing clients.
Vernon Ellis, European managing partner, added that its increasing emphasis on linking its fees to the value created for clients had "struck a chord with many who are looking for real impact on the bottom line and who value our commitment as a stakeholder in their success".
- 1 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 Floyd Mayweather's mouthguard costs $25,000 - enough to fly to Las Vegas and back 18 times
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Which country would be hardest to invade?
Morgan Freeman on the riot-focused coverage of the Baltimore protests: 'F**k the media'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
The man who filmed the Freddie Gray video has been arrested at gunpoint
Nepal earthquake: Many survivors receiving no help despite relief effort
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
Indonesia executions live: 'Hysterical' families heard prisoners being shot dead by firing squad
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
EU exit would hit UK economy much harder than neighbouring countries, study finds
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...