By Christian Moess Laursen
Alpha Financial Markets Consulting said its net fee income rose while its earnings margin fell in the first half of fiscal 2024, and that it expects to deliver in-line full-year results despite a soft summer performance.
The provider of specialist consultancy services said Tuesday that the global consulting market continues to be more competitive than usual, with a longer sales cycle seen in the first half-year ended Sept. 30.
Still, net fee income rose 8% in the half-year from the same period a year prior, alongside consistent consultant day rates and monthly sales wins, it said.
However, its margins for adjusted earnings before interest, taxes, depreciation and amortization fell to just above 17% from 21% a year prior due to reduced average utilization, partly due to the quieter summer months, though it has ticked up again in September, the company said.
Citing a more positive market sentiment returning after the quiet summer, the company said it continues to see robust client demand as it enters the second half with a good pipeline of new business opportunities.
The board expects to deliver results in line with expectations for the full year ending March 31.
Write to Christian Moess Laursen at [email protected]
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