BearingPoint Reports 2006 Results

The McLean management and technology consulting firm last night filed its 2006 results as its works to get back to timely financial reporting. The results shows a 1.6 percent gain in annual revenue over 2005 as losses narrowed.

For 2007, BearingPoint reported bookings of $709.5 million for the first quarter of this year, a decrease from $804.6 million in the fiirst quarter 2006. In a release, the company attributed the decline to "growth in newly signed, but unfunded Federal contracts which BearingPoint does not include in bookings until related appropriations are approved."

By Dan Beyers  |  June 29, 2007; 6:34 AM ET  | Category:  BearingPoint
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