Friday, March 25, 2011

International expansion at consulting firm

International expansion may be key to the future of this consulting firm according to Zack's Investment Research. Here is what they have to say:

We maintain our long-term Neutral rating on Baltimore, Maryland-based FTI Consulting Inc. due to the absence of any significant driving factor in the stock. ... impressed with FTI Consulting’s one brand strategy as well as international expansion, lackluster performance in Corporate Finance and Restructuring segments and depressed margins will remain a haul.

... the company plans to bring all its acquired firms under one brand i.e. FTI Consulting by November 2011. FTI Consulting has acquired more than 25 companies over the last five years.

The company’s has also been aggressive in international expansion. During March 2011, the company announced its plans to acquire the majority of LECG Corporation’s remaining European operations. FTI Consulting intends to strengthen its already sound advisory team in U.K. and Europe via this acquisition.

The company expects to add a billion dollars in revenue over the next four years through growth and acquisitions, most of which will be from Europe, Asia and Latin America. 

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