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January 2011 - Volume 2 (January 14, 2011) |
PCAOB Gets New Chairman, Capgemini Outlook, Big4 Performance, Add Your Resume, Fresh Jobs...
Dear Big Four Alum,
Good News For Recruiters! - All your posted jobs will show on Indeed, Juju, Simply Hired, Twitter, Facebook, LinkedIn, and our job board and this newsletter for maximum exposure.
BE SURE TO ADD YOUR RESUME IN YOUR MEMBER DASHBOARD!
New!! We are pleased to offer you RSS feeds from Big4 News, Blogs, Jobs and Alumni Spotlight. You can get immediate updates on what's happening on our site and community. Please add these to your Twitter feed, LinkedIn profile, Facebook page, My Yahoo, iGoogle, blog etc. Here they are: If you want to get this all together, you can use the Twitter feed: Thanks to you, our LinkedIn Group now exceeds 31,000 members, and is placed 4th among all corporate groups and in the top 0.02% of all LinkedIn groups. The Big Four Job Board continues to attract top companies with interesting opportunities needing Big4 skills. Here are some leading organizations using our job board in recent weeks: - General Electric
- Facebook
- Coach
- KPMG
- Columbia University
- Logic 20/20
- Genworth Financial
- Fannie Mae
- The Venetian
- Jones Lang LaSalle
- DST Systems
- Quest Software ...
Our goal remains to be the premier site for Big Four alumni and professionals, and this new platform with new tools and social media connections is one more step to help you expand your network - we think you'll like it, and look forward to your feedback by calling us at (866) 690-5050or by emailing us.
The Big4 Team
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Have You Added Your Resume Yet?
Dear Member,
MORE AND MORE RECRUITERS ARE LOOKING FOR YOUR RESUME NOW!
If you are actively or passively looking for a new opportunity, do add your resume to our database, which can then be searched by recruiters for a suitable match.
2. Go to My Resume and Edit My Resume 3. Be sure to add a professional "Introduction", this will be seen first by recruiters 4. Be sure to upload a pdf or doc resume.
We hope you will take advantage of this useful feature in our website
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Capgemini: Investors Cautiously Bullish, Performance Will Dictate Trajectory
Lisa Chapman, Big4.com
Capgemini (Paris: CAP) is expected to announce its full year 2010 results on February 17, 2011, and we thought it would be good to do a financial round-up of where the company stands and what investors are expecting in the results.
Capgemini reported EUR 2,105 million revenue in Q3-2010, up a solid 8.2% from the EUR 1,946 million reported in Q3-2009. At constant Group structure and interest rates, this was 2.5% over Q3-2009. And the company reported quite confidently that it confirmed its objectives of achieving revenue growth of 3% to 5% (on a like-for-like basis) for H2-2010 versus H2-2009 and a full-year operating margin rate over 6.5%.
For the first nine months of 2010, revenues of EUR 6,316 is almost flat to the first nine months of 2009 revenues of EUR 6,322. What is telling however is that H1-2010 revenues were 5.4% better than the second half of 2009, and the third quarter of 2010 is also better than the third quarter of 2009 revenues by 8.2%. Which means that sequential revenues for the company is certainly rising as time goes on.
For the full year 2010, when we look at Wall Street estimates, revenues are expected to come in at EUR 8,551 million., compared to EUR 8,371 million in FY 2009, a good 2% higher for the full year. Analysts are also expecting gross profit margin to improve from 24% in 2009 to 28.4% in 2010.
See what investors are expecting from Capgemini....
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| PCAOB Gets New Chairman, Gets Back to Auditing UK Firms, More Ahead
Lisa Chapman, Big4.com
There appears to be a lot going on at the Public Company Accounting Oversight Board (PCAOB) early this year. First, just last week, the Securities and Exchange Commission Chairman Mary L. Schapiro announced the long-awaited appointment of a PCAOB Chairman and the completion of the five member board. James R. Doty will be Chairman and Jay D. Hanson and Lewis H. Ferguson will be the new members of the Board, along with Bill Gradison, Steven B. Harris and Charles D. Niemeier.
The Sarbanes-Oxley Act of 2002 established the PCAOB to oversee the audits of public companies and the PCAOB is subject to oversight by the SEC. As may be recalled the Supreme Court of the US upheld the SEC's prerogative in appointing the PCAOB Chairman and the constitutionality of the PCAOB itself.
Jim Doty comes from the world of Big Law, being currently a Partner at Baker Botts LLP in Washington, D.C. Earlier, he served as the SEC's General Counsel from 1990 to 1992. Jay Hanson is currently a Partner and the National Director of Accounting at McGladrey & Pullen LLP in Bloomington, Minn., with overall responsibility for leading the firm's accounting standards group. Lewis Ferguson is another Big Law entrant, currently a Partner at Gibson, Dunn & Crutcher LLP in Washington, D.C.
Read the rest of the blog post... |
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PwC: Financial Services Survey Sees Activity Growing
Rob Starr, Big4.com Staff Reporter
The UK financial services sector grew for the second quarter in a row according to the latest CBI/PwC Financial Services Survey.
However, profitability did not increase as fast as expected in the three months leading to last December. As well 50% of respondents said that volumes increased and 23% said they fell. Futher, business volumes grew for all sub-sectors of financial services in the past quarter.
There is a further optimism and in the next three months, the highest percentage of firms since March 2009 expects growth will come from selling new products and acquiring new domestic customers.
The banking sector reported little change in business volumes over the past three months but growth in business volumes and profitability eased on much stronger increases over the previous two quarters, but some pick-up in both is expected for the next three months in the finance houses arena. Both business volumes and profitability rose for the fourth consecutive quarter as far as life insurance was concerned.
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KPMG: Construction in Asia on Upswing
China has enjoyed massive state investment in the past year and they are indicative of the booming construction industry in Asia that is bucking the global trends. A KPMG survey of 140 global engineering and construction companies reports one third of respondents said government stimulus initiatives have had an impact. However in Europe, the Americas, the Middle East and Africa, most said the opposite.
Average margins for companies across Asia Pacific have tended to be higher than in other areas but only a small proportion overall have managed to skirt lowering prices. The overall picture was mirrored in the headcount numbers since only one in seven companies cut jobs.Asia Pacific further bucks the global trends again with significant railway construction.
Read more....
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Accenture Completes CAS Computer Anwendung und Systemberatung AG Acquisition
Christina Broder, Big4.com Staff Reporter
Accenture (NYSE: ACN) has completed its acquisition of CAS Computer Anwendungs- und Systemberatung AG (CAS). Based in Kaiserslautern, Germany. CAS is a top supplier of customer relationship management (CRM) and mobility software focused on retail execution and trade promotions for the consumer products industry.
Accenture will absorb 234 CAS employees in Germany, the United Kingdom, United States and CAS will be integrated into Accenture's dedicated software business. Accenture's goals are to increase the functionality of the software and extend it into digital merchandising, distributors' management and analytics, with a geographical focus on Latin America, China and India.
Fabio Vacirca, who leads Accenture's Consumer Goods & Services industry practice in Europe and Latin America says the acquisition of CAS and its leading software solutions will enable Accenture to serve clients more effectively by drawing on leading technology, industry expertise and wide-ranging analytics capabilities. He indicated that Accenture is building an even stronger capability to help clients win at the 'store shelf', strengthen the consumer shopping experience and positively impact sales. .
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