UK consultancy revenues still rising
UK Consultancy revenues have risen to £1.3bn in the third quarter of 2003, a 6.2% increase on the previous quarter, according to the Management Consultancies Association.
This is the fourth quarter in a row of fee income growth for MCA firms.
The star performer of the last three months has been outsourcing consultancy services, which have grown 21.3% to £393m. IT-related work now accounts for over 50% of consulting industry revenue, a total of £685m.
Bruce Petter, executive director of MCA, was pleased with the figures: ‘Business confidence plummeted over the last two years due to September 11 and the Iraq war, but this quarter’s results indicate that the consultancy sector and its clients are back on track for growth.’