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Akka surprised investors with a CC/CS revenue growth slowdown in Q2 2019: revenues were up 5.1% yoy at CC (vs. 6.6% in Q1). Utilization declined by 50 bps yoy, and attrition (excluding PDS Tech) was up by a massive 530 bps, to 23.3%.
Akka has a somewhat soft financial performance in Q1 2019. The company’s organic (CC/CS) revenue growth reached 6.6%, impacted by a lesser number of working days yoy, a 0.5% sequential decrease in its headcount, and by high attrition (20.8%, up by 230 bps yoy).
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
Akka performed well in full-year 2018: revenues were up 9.5% at CC/CS to EUR 1,505m. The company demonstrates, quarter after quarter, its ability to grow quickly in geographies, large or small
Akka was the last to announce its revenue performance in Q3 2018, after Alten and Altran. The performance of the company was strong with a 12.8% CC/CS yoy growth to EUR 350m, thanks to aerospace, automotive and railways/trains. Demand
Akka’s CC/CS revenue growth in Q2 2018 slowed down to 6.2% (to EUR 358m), despite a flat number of working days during the quarter. This slowdown comes after an impressive Q1 2018, when CC/CS growth had reached 8.3%, despite
Altran, Alten, and Akka have in the past year accelerated their expansion into the US ER&D services market. It is striking to see how they have taken different routes. Altran swallows Aricent and gets scale in the US telecom
Akka Technologies intends to acquire Irving, TX-based PDS Tech, in line with its Clear 2022 ambition plan to develop into the US market. PDS Tech had 2017 revenues of USD 260m, an operating margin reported by a financial analyst
ERDservices is pleased to announce its ranking of the fastest-growing ER&D service vendors in CY 2017. Note that this ranking is based on reported numbers (and not on CC or CC/CS numbers). More about the methodology below the chart.
Akka presented its CLEAR 2022 strategic plan that runs over the 2018-2022 period. CLEAR 2022 is growth plan in what Akka described as “a booming market”. And indeed, Akka has bold financial ambitions with plans to reach: Revenues: EUR
Several industry observers, and even, the CEO of Altran, Dominique Cerutti, have predicted that following the Altran Aricent move, the ER&D industry would accelerate its industry consolidation. Is this right? The USD 2bn Aricent acquisition certainly is the largest