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FTI Consulting Expands Corporate Finance & Restructuring Segment in Asia with Appointment of Hitesh Tak as Senior Managing Director
Globenewswire· 2025-09-02 01:00
Core Insights - FTI Consulting has appointed Hitesh Tak as a Senior Managing Director in the Corporate Finance & Restructuring segment, based in Singapore, marking a significant step in the firm's expansion in Southeast Asia [1][4]. Group 1: Appointment and Experience - Hitesh Tak brings over 25 years of experience in strategy, operations, and performance improvement, with a proven track record in advising both public and private-sector organizations in Southeast Asia [2]. - His expertise spans various industries, including diversified industrials, automotive, agri-commodities, mining, logistics, construction, and private equity, focusing on strategic planning, cost optimization, revenue enhancement, and business transformation [2]. Group 2: Role and Impact - In his new role, Mr. Tak will collaborate with business leaders, investors, and government stakeholders to enhance operational resilience and unlock value in complex environments [3]. - His addition is expected to significantly benefit clients as they navigate disruptions and accelerate performance, leveraging his deep transformation expertise and regional experience [4]. Group 3: Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries and territories as of June 30, 2025 [6]. - The company generated $3.70 billion in revenues during the fiscal year 2024, indicating a strong financial position and capability to invest in its Corporate Finance & Restructuring segment in Asia [6][5].
FTI Consulting Strengthens Australia Public Sector Leadership with Appointment of Steven Casey
Globenewswire· 2025-08-31 22:00
Core Insights - FTI Consulting has appointed Steven Casey as a Senior Managing Director in its Economic Consulting segment, enhancing its public sector and economic advisory capabilities in Australia [1][3] Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries as of June 30, 2025 [5] - The company generated $3.70 billion in revenues during fiscal year 2024 [5] Leadership and Expertise - Steven Casey brings nearly two decades of experience in advising governments and regulators, with expertise in public policy, economics, regulatory reform, and advanced analytics [2][4] - Prior to joining FTI Consulting, Casey held significant roles at Quantium Telstra and KPMG Australia, focusing on public sector and economic strategy [4] Strategic Goals - Casey will support clients facing complex fiscal, infrastructure, and policy challenges, while also driving the growth of FTI Consulting's economics platform in Australia [3] - The firm aims to provide integrated, multidisciplinary solutions for clients at the intersection of government, public policy, and the private sector [3][4]
DAMA AGENCY Debuts: Redefining Salesforce & AI Consulting for Visionary Brands
Newsfile· 2025-08-29 19:43
DAMA AGENCY Debuts: Redefining Salesforce & AI Consulting for Visionary BrandsAugust 29, 2025 3:43 PM EDT | Source: Pressmaster DMCCJacksonville, Florida--(Newsfile Corp. - August 29, 2025) - In a landmark launch poised to elevate the standard of technology consulting, DAMA AGENCY enters the scene as the new curator of digital transformation for distinguished enterprises. Founded by global technologist Venkatesh Naga Damarouthu, the agency crafts extraordinary Salesforce, MarTech, and AI solut ...
X @The Economist
The Economist· 2025-08-28 20:50
As companies shift their attention towards AI as a means of transforming their businesses, they are looking to McKinsey and its fellow consultancies for help. But they are also turning to less conventional partners https://t.co/50PNNckqKE ...
BTS Group AB (publ) Interim report January-June 2025
Globenewswire· 2025-08-22 05:00
Core Insights - BTS North America has implemented a new profitability and growth strategy under new leadership, while BTS Europe and other markets have shown strong organic growth in the quarter [2][3] - The company anticipates that the EBITA result for 2025 will be worse than in 2024, indicating potential challenges ahead [2] Financial Performance - For Q2 2025, net sales were MSEK 721, a slight decrease from MSEK 730 in Q2 2024, with a currency-adjusted growth of 7%, of which 2% was organic [3][5] - EBITA for Q2 2025 decreased by 23% to MSEK 84 from MSEK 110 in Q2 2024, resulting in an EBITA margin of 11.7%, down from 15.1% [3][5] - Profit after tax for Q2 2025 was MSEK 39, a 35% decrease compared to MSEK 60 in Q2 2024, with earnings per share dropping to SEK 2.03 from SEK 3.11 [3][5] - For the first half of 2025, net sales were MSEK 1,368, a slight increase from MSEK 1,348 in the same period of 2024, with a currency-adjusted growth of 5% [3][5] - EBITA for the first half of 2025 decreased by 15% to MSEK 143 from MSEK 169 in the first half of 2024, with an EBITA margin of 10.5%, down from 12.5% [3][5] - Profit after tax for the first half of 2025 was MSEK 65, down from MSEK 114 in the first half of 2024, with earnings per share at SEK 3.35, a decrease from SEK 5.86 [3][5] Company Overview - BTS Group AB is a global professional services firm headquartered in Stockholm, Sweden, with approximately 1,200 professionals across 38 offices on six continents [7][8] - The company competes in talent and HR consulting as well as traditional consulting markets, focusing on leadership development, talent selection, strategy creation, and culture change [7]
Columbus Interim Report Q2 2025
Globenewswire· 2025-08-21 07:07
Core Viewpoint - Columbus faced increased macro-economic headwinds in Q2 2025, resulting in a 4% decline in revenue and a decrease in EBITDA margin from 7% in Q2 2024 to 4% in Q2 2025, while maintaining positive cash flow from operating activities, which increased by 15% compared to Q2 2024 [1][7]. Q2 2025 Highlights - Revenue for Q2 2025 was DKK 410 million, down 4% from DKK 426.9 million in Q2 2024, with a 6% decline when adjusted for currency effects [4][7]. - EBITDA for Q2 2025 was DKK 16 million, compared to DKK 30 million in Q2 2024, resulting in an EBITDA margin of 4% [1][7]. - Total sales of services decreased by 4% to DKK 392.3 million, while total sales of products increased by 7% to DKK 17.6 million [4][8]. Year-to-Date (YTD) 2025 Highlights - For YTD 2025, total net revenue was DKK 843.8 million, a decline of 3% from DKK 871.1 million in YTD 2024 [4][7]. - EBITDA for YTD 2025 was DKK 63 million, slightly down from DKK 65 million in H1 2024, with an EBITDA margin of 7.4% [7]. Revenue Breakdown by Business Lines - Dynamics revenue decreased by 9% to DKK 233.7 million in Q2 2025, while M3 revenue increased by 2% to DKK 83.8 million [4][6]. - Digital Commerce revenue grew by 4% to DKK 46.9 million, and Data & AI revenue remained stable at DKK 22.1 million [4][6]. Regional Revenue Performance - Revenue from Denmark decreased by 12% to DKK 94.1 million, while revenue from the UK increased by 2% to DKK 79.3 million [8]. - The US market showed significant growth, with revenue increasing by 30% to DKK 26.4 million [8]. Outlook for 2025 - The company expects full-year revenue to be approximately DKK 1.7 billion, with an EBITDA margin projected to be in the range of 7-9% [9][13].
Building Trustworthy AI Starts with Data Confidence, According to Protiviti Study
Prnewswire· 2025-08-19 11:58
Core Insights - The report emphasizes that strong data capabilities are essential for AI success, with 69% of organizations with high AI maturity expressing confidence in their data capabilities [1][3] - Effective governance, data engineering, analytics, and training are crucial for advancing AI maturity and improving ROI [1][3] AI Maturity Stages - Organizations progress through five stages of AI maturity, with Stage 5 representing the highest level where 97% of organizations report confidence in their data management capabilities [2][6] - At Stage 1, organizations recognize AI's potential but lack strategic initiatives, while by Stage 5, AI drives significant business transformation [6][7] Data Confidence and ROI - High data confidence correlates with exceeding AI investment expectations, as organizations with robust data governance are more likely to achieve meaningful outcomes [4][5] - 74% of organizations conduct regular data audits, a significant increase from 36% at Stage 1, indicating improved data practices [5] Barriers and Challenges - Despite advancements, 57% of AI-mature organizations still face challenges related to inadequate data governance [12] - Security and compliance concerns increase with maturity, with 59% of Stage 5 organizations citing these as top issues, up from 41% at Stage 1 [12] Sector and Role Insights - The technology and financial services sectors lead in data trust, while manufacturing and distribution lag behind [12] - Confidence in data increases with seniority, peaking at the C-suite level, indicating a correlation between leadership and data governance effectiveness [12]
X @The Economist
The Economist· 2025-08-18 10:01
McKinsey, the consulting giant, is approaching its centenary, but growth has slowed and rivals are closing in. Jason Palmer, co-host of The Intelligence podcast, and Tom Lee-Devlin, our business editor, explore whether this industry titan can stay top dog https://t.co/iOVUAW3IHz https://t.co/k6KoICcKtF ...
X @The Economist
The Economist· 2025-08-13 15:30
Consulting firms have long claimed to be “CEO factories”, but are their alumni any good at the top job? We’ve constructed an index to put their promise to the test https://t.co/4clJCsAguB https://t.co/Fao5JMrJkG ...
FTI Consulting Announces CFO Transition
Globenewswire· 2025-08-12 11:00
Mr. Sabherwal added, "I would like to thank Steve and the entire team at FTI Consulting for their support over the last nine years. I am proud of our success, and it has been an honor to work with such a talented group of dedicated professionals." About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 7,900 employees located in 32 countries and territories as of June 30, 2025. In certain jurisdictions, FTI Consulting's ser ...