Big Four & Leading Accounting and Consulting Firms – news, opinion and career opportunities for aspiring & current professionals & alumni

Monthly Archive: May 2007

Accenture’s Terrific Results: Stock Zooms Up

"Accenture Ltd. (NYSE: ACN) today announced terrific Q2-2006 results, and boosted fiscal third quarter and full years earnings outlook.

Net income increased to $296.7 million, for an EPS of 47 for the quarter ended February 28, 2007. Net income was $69.7 million, or 11 cents EPS in the same quarter a year ago. Revenue rose 15% to $5.17 billion from $4.49 […]

Share this post:

CapGemini CIO Survey: IT Function Must Be Agile to Respond to A Changing Environment

"CapGemini has found in a recent global CIO survey that 97% of businesses have experienced key change in the business environment in the last three years. Although 38% of those questioned do not believe that IT business provides the agility it desires, 29% do believe that IT function is capable of keeping up with rapid business environment changes. 

According to […]

Share this post:

PwC indicates London Can Move Up from Sixth to Fourth Place by 2020

"An analysis by PricewaterhouseCoopers shows that London, which was the sixth largest city economy in the world by estimated GDP at purchasing power parities (PPPs) in 2005, should rise to fourth place by the year 2020, and it will overtake Chicago and Paris. 

Although, it is expected that New York, Tokyo and Los Angeles will be ahead of London in […]

Share this post:

Biotechnology Makes Historic Advances in 2006

"Ernst & Young s recently released its 21st anniversary report on the biotechnology industry titled ""Beyond Borders: Global Biotechnology Report 2007."" The report discusses record breaking financing totals, strong product pipelines and product services, impressive financial results and unprecedented deal activity marking historic industry advances. 

Glen Giovannetti, Ernst & Young s Global Biotechnology leader said, ""The industry in the US […]

Share this post:

Number 5 and 6 Audit Firms Merge in Canada

"In Canada, we hear of consolidations below the Big Four level. Canada s Number 5 and 6 accounting firms, Grant Thornton LLP and BDO Dunwoody LLP have recently agreed to discuss a merger. The motive: to become larger and stay competitive with the Big Four firms. Yet the road is long: Grant Thornton audits only 3 of the top 100 […]

Share this post:

CapGemini Blows Away Expectations in Q1-2007

"Capgemini SA (CAPP.PA) just reported excellent Q1-2007 resutlts. Sales grew 18.5%, driven by consulting, growth in outsourcing business and the Kanbay acquisition. Results were far ahead of analyst expectations. CapGemini also raised full year guidance from current level of 8% to 9%. 

Q1 sales were 2.214 billion euros ($3.02 billion) versus 1.869 billion in prior 2006 quarter. Like-for-like sales grew […]

Share this post:

PricewaterhouseCoopers China named as Olympics Accounting Services Supplier

"The Beijing Organising Committee for the Games of the XXIX Olympiad (BOCOG) has named PricewaterhouseCoopers Zhong Tian CPAs Limited Company (PwC) as the accounting services supplier of the Beijing 2008 Olympic Games. 

PricewaterhouseCoopers, in this role, will offer financial advisory services in areas of financial planning, internal-control and budgeting to the Beijing 2008 Olympic Games and to China s Paralympics, […]

Share this post:

CapGemini CTO Andy Mulholland: Globalization has Opportunities and Challenges for Customs Officials

"The business and consumers world is gradually being taken over by globalization and technology and the trend is currently providing all the customs and revenue organizations with significant new challenges. This was a statement by Capgemini s Global CTO, Andy Mulholland, sharing his views at the annual World Customs Organization (WCO) meeting in Mexico. 

New business models are increasingly disassembling […]

Share this post:

Capgemini bags Rijkswaterstaat Project for IT Implementation

"Capgemini, HP and Rijkswaterstaat are about to begin a large-scale transformation process. Rijkswaterstaat s decision to outsource its IT environment for more flexibility and adaptability on the face of internal and external changes reflected upon its close collaboration with Capgemini. 

Rijkswaterstaat, the Dutch Directorate General for Public Works and Water Management assigned Capgemini Netherlands with a large transformational outsourcing deal […]

Share this post:

A Ring of Money Surrounds China: But Ways to Go for Globalization

"China is fast gaining reputation as a potent ground for high return on investment projects. However, it still needs further progress on global standards of governance in legal systems like contract enforcement and taxation law to benefit fully from substantial additional investments. 

This was highlighted by a KPMG International survey of multinational businesses which included delegates from over 70 multinational […]

Share this post:

Later Stage Investing in BioSciences and Life Sciences Soar in Quarter

"According to the MoneyTree Report by PricewaterhouseCoopers and the national Venture Capital Association based on data by Thompson Financial, in the first quarter of the year 2007, venture capitalists invested $7.1 billion into 778 deals, which was the highest quarterly dollar amount since the fourth quarter of the year 2001. Compared with the fourth quarter of the year 2006, deal […]

Share this post:

Accenture is Appointed by Vodafone to help in the Execution of a Global ERP System

"Accenture and Vodafone have signed a multi-year agreement under which Accenture has agreed to support Vodafone in the implementation and development of a single, global enterprise resource planning (ERP) system in order to improve the management of information.

Vodafone is a leading international mobile communications group in the world with operations in 25 countries across five continents. 

Accenture will improve the […]

Share this post:

BearingPoint Forges Ahead with SAP Clearance for All In One Installations

" BearingPoint, management and technology consultants, has received the All-in-One certification from SAP to be qualified to deliver software packages in the industrial machinery and components (I&MC) industry. This puts BearingPoint a step ahead of other global management and technology-consulting firms. 

SAP s North America Small-to-Medium Enterprise Solution Center introduced the All-in-One – an integrated ERP software package meant for […]

Share this post: