Huron Consulting Group unveiled its second quarter 2012 Financial Results with revenues down 5.5 percent to $144.7 million compared to $153.1 million for the same period last year. Meanwhile, the Company's second quarter 2012 operating income was $14.7 million compared to $22.3 million in the second quarter of 2011.
Revenue was up, however, some 4.4 percent from the first quarter of 2012. And the average number of full-time billable consultants rose 13.3 percent to 1,302 for Q2 2012 compared to 1,149 for Q2 2011.
"Huron's two largest business segments continued to benefit from attractive market conditions," said James H. Roth, CEO and president, Huron Consulting Group. "Our Health and Education Consulting segment again had solid utilization in the second quarter, and we continue to be successful in hiring new personnel to meet market demand.
"As expected, performance-based fees in the healthcare practice were lower in Q2 compared to second quarter last year, when performance-based revenue was the highest of any quarter. Our Legal Consulting segment continues to benefit from e-discovery needs among global corporations resulting from large-scale litigation and investigations. We expect this segment to be further strengthened by the recently announced acquisitions of AdamsGrayson and Ascertus."
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