CapGemini Blows Away Expectations in Q1-2007

Capgemini SA (CAPP.PA) just reported excellent Q1-2007 resutlts. Sales grew 18.5%, driven by consulting, growth in outsourcing business and the Kanbay acquisition. Results were far ahead of analyst expectations. CapGemini also raised full year guidance from current level of 8% to 9%...

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Number 5 and 6 Audit Firms Merge in Canada

In Canada, we hear of consolidations below the Big Four level. Canada’s Number 5 and 6 accounting firms, Grant Thornton LLP and BDO Dunwoody LLP have recently agreed to discuss a merger. The motive: to become larger and stay competitive with the Big Four firms. Yet the road is long: Grant Thornton audits only 3 of the top 100 TSE companies, while BDO Dunwoody audits none of those companies...

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