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The company provides business metrics for Q1 2007.
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| Consulting-Times E-zine
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BearingPoint files 2006 Form 10-K
BearingPoint has filed its 2006 Form 10-K with the Securities and Exchange Commission.
BearingPoint's CEO, Harry You, stated, “By filing our full year 2006 financials, we have taken another significant step toward returning to timely filing our periodic reports with the SEC. The business is strong and we continue to see great demand for our services.”
Q1 2007 Key Metrics
BearingPoint reported key business metrics for the first quarter ended March 31, 2007, which were driven by solid performance in the company's core business and continued traction in the marketplace. Highlights include:
* Bookings of $709.5 million for the first quarter of this year, a modest sequential increase over $699.0 million in the fourth quarter of 2006 and a decrease from $804.6 million in the first quarter 2006, with the decline primarily attributable to growth in newly signed, but unfunded Federal contracts which BearingPoint does not include in bookings until related appropriations are approved.
* Voluntary total employee turnover of 23.9%, an increase from 21.2% in the fourth quarter of 2006 and a slight improvement from 24.2% in the first quarter 2006.
* Total workforce utilization of 76.6%, down slightly from 77.4% in the fourth quarter of 2006 and a solid increase from 73.4% in the first quarter 2006.
* Billable headcount of approximately 15,200, a slight decline from approximately 15,300 in the fourth quarter of 2006 and 15,400 in the first quarter of 2006.
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