The head of WSP Global Inc. says it aims to keep growing apace following the latest spate of acquisitions, as he looks to vault it into the same competitive arena as the world's largest professional services firms.
Asked by an analyst Thursday whether he could envision a time when WSP competes more with the likes of global consulting giants Deloitte and McKinsey than pure-play engineering firms, CEO Alexandre L'Heureux replied unequivocally:"Absolutely."
McKinsey's annual revenue exceeds US$15 billion. Its head count stands at 38,000, versus WSP's 66,000-plus. Deloitte's 410,000-plus workers drew in revenue of nearly US$28 billion last year. Nonetheless, the expected boost in net revenue this year reflects"strong prospects for the U.S. and Canadian operations, coupled with a more cautious outlook" in the U.K. and Europe, Raymond James analyst Frederic Bastien said in a note to investors.
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