CST: 22/10/2016 20:17:45   

The Boston Consulting Group Achieves $5 Billion in Annual Sales

227 Days ago

Investments in People, New Capabilities, and New Businesses Fuel a 19% Gain in Global Revenues, Says CEO Rich Lesser

BOSTON, MA--(Marketwired - Mar 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.

For more information, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About The Boston Consulting Group

The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 85 offices in 48 countries. For more information, please visit bcg.com.

The Boston Consulting Group
Eric Gregoire
Global Media Relations Manager
Tel +1 617 850 3783
Fax +1 617 850 3701