Everis increases revenues by 14 percent for year to March 2018

31 July 2018 Consultancy.lat

Everis has posted a gigantic €1.17 billion in revenue for the end of the financial year to March 2018, according to a recent announcement by the consulting firm. 

The year to March 2018 has been a big one for Everis, which has posted a 14% increase in revenues. Growth of the back of the European markets has been strong with over €850 million worth of revenue originating in the continent. However, Everis has solidified its stronghold in Latin America with a significant posting of €315 million. 

Everis is a global technology consulting and outsourcing firm founded in Madrid. Spain is still the country where the firm generates the most revenue, with a breakdown of the latest posting showing that it earned upwards of €600 million in that country alone. The firm is a part of the NTT Data Group and has over 21,000 professionals working across Europe, the U.S. and Latin America.

In mid-2017, the firm announced that Latin America was driving growth at a rate of 30 percent, higher than the global average. Whilst this may have subsided back to strong double digit growth in 2018, it shows just how the firm’s Latin business has faired recently.

Everis increases revenues by 14 percent for year to March 2018

According to Everis Americas, “In the American market, Everis ended the fiscal year with over 315 million euro in revenue. These results reflect Everis’ commitment to local talent and knowledge across the region in the countries where the company is present: Argentina, Brazil, Chile, Colombia, Mexico, Peru and USA.”

“Chile and Argentina have been the fastest growing countries in terms of revenue with 70 and 15 million euro, respectively. Brazil continues to report largest revenue, with EUR 79 million, and Peru has increased its revenue by 22% reaching EUR 60 million.” 

Everis has been involved in a number of significant projects throughout the region including implementing digital labs in Chile, Brazil and Mexico, as well as software development centers in Peru and Colombia and an Agile excellence center in Chile. 

The firm also announced together with the Argentinian president earlier this year that it would expand sixfold in the Mendoza region’s new tech hub. The commitment was in line with the firm’s goals in Latin America to open “new lines of knowledge and new departments… Some of which will serve the whole of the America Region, one of which has already begun its operation which corresponds to the development of Big Data technology.” 

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Llorente & Cuenca posts double-digit growth in Latin America

19 February 2019 Consultancy.lat

Llorente & Cuenca, a public relations, communications and reputation management consulting firm with a presence in Spain, Portugal and Latin America, has grown its fee income by 6% to $43 million. The offices in South American powerhouses Brazil and Argentina booked double-digit growth. 

The consulting firm looks back at strong performance in Latin America. Whilst the firm walked away from a number of award shows – including the Stevies and the SABREs – with multiple awards, Llorente & Cuenca’s 2018 was defined by a number of strategic decisions in the region. In November 2018, the consultancy pushed through a transformation in its Latin leadership, in a move that is set to better position the firm’s regional and local teams to capitalize on growth opportunities. The business unit now has distinct and separate management structures: North Region, Andean Region and South Region.

“Meeting the challenges of growth of our customers requires management closer to the front line of the business, which this new structure will facilitate both in Europe and in Latin America,” explained founding partner José Antonio Llorente. 

Llorente & Cuenca also invested in its senior team in Latin America. Julieta Suárez was named a Senior Director in the firm’s Miami office, he however also supports the Latin American operations; Juan José Tirado was appointed a Senior Director in Peru; and an advisory board consisting of high-profile leaders was established in Argentina.

Llorente & Cuenca posts double-digit growth in Latin AmericaIn 2018, business volume in Latin America grew by 11%. However due to the depreciation of local currencies against the Euro – for instance in Brazil and Argentina, and more notably Venezuela – growth was stinted by net revenue growth of 1%. With offices in nine Latin American countries, as well as in Miami and Latam Desks in New York and Washington, operations by Llorence & Cuenca in the region currently account for 60% of total revenue for the company. 

Commenting on overall performance, Llorente said: “2018 was a year in which we achieved major goals from our Strategic Plan that will allow us to move forward with a clear focus on our clients. I’m talking about the consolidation of our region-based structure in Latin America, the increased strength of our executive structure and the acquisition of Arenalia in Barcelona.” 

Meanwhile, the offices in Spain and Portugal (Barcelona, Lisbon and Madrid) posted organic growth of 10% (14% including acquisitions). “To this can be added some outstanding work by our almost 600 professionals, who have grown the business of our clients and Llorente & Cuenca to position the firm among the best in the world and the leader in Spain. This growth allows us to continue betting on talent, promoting new partners and increasing the number of our staff.” 

According to a recent analysis, the management consulting industry of South America is worth $2.6 billion.