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Huntsworth Says Revenue Will Fall Short This Year, But 2011 Looks Good

Huntsworth reports that about 65 percent of its 2011 revenue has been committed.  The company has a new “streamlined organisation” that it says is showing results with international clients. However, “contract negotiations” take time and revenue has to be moved to next year, meaning 2010 numbers will fall below management’s expectations. However, the company says it’s confident it will meet expectations next year.

In August, the company reported an 11 percent jump in new business on its interim results and about $132.1 million for the first half of 2010 ending June 30.

Among the company’s new client wins are Hyder Consulting PLC (Citigate), Volkswagen Middle East, Hilton Worldwide (both Grayling), and Barclaycard and Thistle Hotel Group (both RED).

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