Charles River Associates (CRA) Reports Financial Results for the Second Quarter of 2019
CRA International,Inc. (CRAI)
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Source: Business Wire
CRA Reports Highest Q2 Revenue in Its History;Strength Across Services and Geographies Continues to Drive Growth BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced financial results for the fiscal second quarter ended June 29, 2019.Key Second-Quarter Fiscal 2019 HighlightsRevenue grew 4.8% year over year to $110.6 million, which represents the highest second-quarter revenue in CRA’s history. On a constant currency basis relative to the second quarter of fiscal 2018 (“constant currency basis”), revenue would have been higher by $1.2 million, or $111.8 million, resulting in year-over-year revenue growth of 5.9%.Utilization was 77%, as quarter-end headcount increased 5.7% year over year.Net income was $5.6 million, or 5.0% of revenue, compared with $6.8 million, or 6.5% of revenue, in the second quarter of fiscal 2018; non-GAAP net income was $6.1 million, or 5.5% of
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