Investments in People, New Capabilities, and New Businesses Fuel a 19% Gain in Global Revenues, Says CEO Rich Lesser
BOSTON, March 9, 2016—The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, announced today that it reached the milestone of $5.0 billion in global sales last year, powered by organic revenue growth of 19% at constant exchange rates. In fueling this growth, the firm increased its worldwide workforce to 12,000.
BCG also announced the opening of three new offices this year—in Lagos, Lima, and Denver—enlarging its global footprint to 85 offices in 48 countries.
“BCG’s strong and steady growth and our expanding footprint are a real tribute to the talent of our people and our close client relationships,” said Rich Lesser, BCG’s president and CEO. “These results also reflect major investments in building capabilities across our practices and particularly in digital-related opportunities for our clients.”
Lesser, who was reelected to a second three-year term last year, said that the firm's investments in new businesses were also clearly paying off. As examples, he cited BCG Digital Ventures, a digital innovation, corporate venturing, and incubation business unit that started in early 2014, and last year’s acquisition of BrightHouse, LLC, a pioneer in purpose-driven consulting. Both businesses are thriving.
As the firm grows around the world and broadens its offerings, its ambition remains the same: “to drive transformative change, challenge the status quo, deliver greater impact, and expand the boundaries of what is possible,” Lesser said. “For the next few years, our priorities will include continuing our relentless focus on value creation, deepening our expertise and capabilities, driving innovation in our client offerings and operating model, and attracting and retaining top talent with an emphasis on diversity of backgrounds and experiences.”
Lagos, BCG’s first office in Nigeria and its fourth on the African continent, follows the opening of offices in Luanda (2013), Johannesburg (2011), and Casablanca (2010). Lima, Peru is the firm’s eighth office in Latin America. Denver brings the total number of offices in the US to 16.
Late last week, BCG extended its remarkable streak near the top of Fortune’s 100 Best Companies to Work For list. Ranking number three this year, the firm has made the top five for six years in a row and is one of only two companies to make the top dozen every year since 2006, when it began participating.
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