Asked by an analyst Thursday whether he could envision a time when WSP competes more with the likes of global consulting giants Deloitte and McKinsey than pure-play engineering firms, CEO Alexandre L'Heureux replied unequivocally:"Absolutely."
McKinsey's annual revenue exceeds US$15 billion. Its head count stands at 38,000, versus WSP's 66,000-plus. Deloitte's 410,000-plus workers drew in revenue of nearly US$28 billion last year. Nonetheless, the expected boost in net revenue this year reflects"strong prospects for the U.S. and Canadian operations, coupled with a more cautious outlook" in the U.K. and Europe, Raymond James analyst Frederic Bastien said in a note to investors.
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