Huron Consulting Group Inc. has recently released its 10-Q report, providing a comprehensive overview of its financial condition and results of operations. The company, headquartered in Chicago, Illinois, operates through three segments: Healthcare, Education, and Commercial, offering a wide range of consultancy and managed services both domestically and internationally.
In the 10-Q report, Huron Consulting Group Inc. highlights its key growth strategy, which includes sustaining accelerated growth in healthcare and education, growing its businesses in commercial industries, expanding global digital capability, and focusing on margin expansion and organic reinvestment. The company also emphasizes its strong balance sheet and cash flows, aiming to deploy capital strategically and balance returning capital to shareholders and executing strategic acquisitions.
The report also details the company's services and products, which are managed under three operating segments * Healthcare, Education, and Commercial. Huron Consulting Group Inc. provides revenue reporting across two principal capabilities: Consulting and Managed Services, and Digital, delivering services and products tailored to each industry.
Within each operating segment, the company offers Consulting and Managed Services, representing management consulting services, managed services, and outsourcing services delivered across industries. It also provides Digital capabilities, including technology and analytics services, technology-related managed services, and software products delivered across industries.
The report delves into the components of Huron Consulting Group Inc.'s operating results, focusing on total revenues before reimbursable expenses, which are primarily driven by the number of revenue-generating professionals employed and the total value, scope, and terms of consulting contracts. 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 subscription billing arrangements.
As a result of these announcements, the company's shares have moved 0.37% on the market, and are now trading at a price of $153.64. If you want to know more, read the company's complete 10-Q report here.
