AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: Renae Merle
BearingPoint Inc., the McLean consulting firm formerly known as KPMG Consulting Inc., reported a profit during its first fiscal quarter, boosted by acquisitions that helped offset a decline in its core business.
During the quarter that ended in September, the firm reported net income of $15.2 million (9 cents per share), compared with a loss of $57.6 million (36 cents) during the same period last year. The year-ago loss was caused by an $80 million write-down of intangible assets.
Revenue jumped 23 percent, to $747.6 million. Excluding the impact of $180 million in revenue from acquisitions, the firm …