View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 23, 1993


By CBR Staff Writer

The finances of the big accounting and consulting firms have always been something of a mystery, and the fact that Andersen Consulting held a press conference to announce its 1992 results served to frustrate rather than enlighten. As usual, the crucial figure, its profits, were left out, as were the precise details on sources of revenue. Even so, the revenue figures appears to confirm the fact that the real growth in computing these days is in services and software. Worldwide net revenues were up 16% at $2,722m, with the biggest growth areas in its Telecom Industry and Utilities Group. Over half its revenues – 54% – came from outside the US. UK revenues were up 25% to UKP215m. Andersen indicated that its profits are at the high end of 10% to 12% range, which suggests a worldwide profit figure of some $300m. Andersen attributed its growth to its work in client-server computing and business re-engineering. $1,000m of its busienss comes from ‘client-server’ work, up from $370m in 1991. This could reach $1,900m in 1993. About 20% of revenues, $544m, is believed to come facilities management, an area where margins are becoming slimmer.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.