In a statement, the management consultancy firm said the name would ‘harness the strengths of well-developed country-based consulting divisions to focus on the provision of proven, pragmatic consulting advice and services to support people and process change and organizational development and growth’.
Meanwhile, in a further sign that the market is on the up, the firm also announced that its second quarter results far exceeded those for the first half of 2003.
It said that revenues for the six months ended 30 June 2004 amounted to €2.65m euros (£1.8m), an increase of 72% compared with the first half of 2003, following the acquisition of Sema Group in January of this year. Operating margin for the same period was 6% and in line with the firms expectations, while net debt at the end of the period end was €676m (£460m).
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