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November 2018
Management Consulting
Sectorwatch
The consulting industry is far from slowing down and have become competitive than it used to be. Players in the industry are still seeing demands in areas such as healthcare, public sector, financial services, retail, manufacturing, technology and defense. The consulting industry will continue to grow especially in technology due to continuous development of new software, tools and applications. Some consulting companies are also turning to digital platforms to augment their services – Capgemini recently merged its consulting brand with digital and creative businesses and Accenture purchased creative agency, Karmarama.
Industry Trends:
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation
