Huron Consulting Group Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. The company operates through three segments: Healthcare, Education, and Commercial, offering a wide range of consultancy and managed services. Huron Consulting provides financial and operational performance improvement consulting services, digital offerings, organizational transformation, revenue cycle managed services and outsourcing, financial and capital advisory consulting, and strategy and innovation consulting. The company also offers digital services, software products, and Commercial consulting. Huron Consulting was incorporated in 2002 and is headquartered in Chicago, Illinois.
In the 10-Q report, Huron Consulting highlighted its growth strategy, focusing on sustaining accelerated growth in healthcare and education, growing businesses in commercial industries, growing global digital capability, and maintaining a solid foundation for margin expansion and organic reinvestment. The company emphasized its commitment to a resilient and flexible balance sheet, strong free cash flows, and deploying capital in a strategic and balanced way, including returning capital to shareholders and executing strategic, tuck-in acquisitions.
The report also detailed the company's services and products, which are managed under three operating segments: Healthcare, Education, and Commercial. Within each segment, Huron Consulting provides offerings under two principal capabilities: Consulting and Managed Services, and Digital. The Consulting and Managed Services capabilities represent management consulting services, managed services, and outsourcing services delivered across industries. The Digital capabilities represent technology and analytics services, including technology-related managed services, and software products delivered across industries.
The report also discussed the components of Huron Consulting's operating results, focusing on total revenues before reimbursable expenses, which are primarily driven by the number of revenue-generating professionals employed as well as the total value, scope, and terms of the consulting contracts under which they provide services. The company generates revenues before reimbursable expenses from providing professional services and software products under fixed-fee, time-and-expense, performance-based, and software support, maintenance, and subscriptions billing arrangements.
Following these announcements, the company's shares moved 0.06%, and are now trading at a price of $132.005. For the full picture, make sure to review Huron Consulting's 10-Q report.
