FCG reports 1Q FY05 financials
First Consulting Group's net revenues of $68.1 million in the first quarter of FY04 ending April 1 were slightly higher that year-ago quarter revenues, but "disappointingly" lower than prior quarter revenues of $72.0 million.
Revenues increased 4.3 percent to $68.1 million, compared with $65.4 million in the first quarter of 2004. The company also reported a net loss of $0.8 million, compared with a net loss of $0.5 million in the first quarter of FY04.
FCG said revenues slipped 5.4 percent from $72.0 million in the prior quarter. The decrease in revenues compared to the fourth quarter was primarily due to lower than expected revenues in Health Delivery Services, FCG said.
Revenues increased 4.3 percent to $68.1 million, compared with $65.4 million in the first quarter of 2004. The company also reported a net loss of $0.8 million, compared with a net loss of $0.5 million in the first quarter of FY04.
FCG said revenues slipped 5.4 percent from $72.0 million in the prior quarter. The decrease in revenues compared to the fourth quarter was primarily due to lower than expected revenues in Health Delivery Services, FCG said.