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Huron Consulting Group Inc. reports developments tied to its work as a global professional services firm serving clients through Healthcare, Education and Commercial operating segments. Company news commonly covers financial results, revenue before reimbursable expenses, annual guidance, segment performance, and demand for services in strategy, operations, advisory, analytics and digital transformation.
Recurring updates also include completed acquisitions that expand Huron's healthcare and technology-enabled consulting capabilities, governance changes involving the board of directors, senior-level promotions, workplace recognition and earnings webcast schedules. Healthcare is a major reporting focus, including services for providers, payors and organizations modernizing operations and technology platforms.
Huron has been recognized in the 2021 Gartner Magic Quadrant for Oracle Cloud Application Services, highlighting its extensive expertise and innovative solutions for clients transitioning to cloud services. The report indicates significant growth in Oracle Cloud Applications, projecting that by 2024, 75% of Oracle application services revenue will be cloud-related. Huron is committed to supporting clients through their digital transformation journeys, leveraging its strong industry and technical competencies.
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Huron (NASDAQ: HURN) reported Q1 2021 revenues of $203.2 million, down from $222.6 million in Q1 2020. Net income improved to $5.4 million from a net loss of $42.3 million a year prior, with diluted EPS at $0.24 compared to a loss of $1.94. Despite a strong recovery in healthcare and education sectors, the ongoing impact of COVID-19 remains a concern. The company raised its full-year revenue guidance to $850-$900 million and plans for adjusted EBITDA of 10.8%-11.8%. Huron hired 300 professionals in healthcare to bolster services.
Huron (NASDAQ: HURN) will release its financial results for Q1 2021 on May 4, 2021, after market close. CEO James H. Roth and CFO John D. Kelly will hold a conference call at 5:00 p.m. ET to discuss the results. The call will be accessible via Huron's website and a replay will be available shortly after for 90 days. As a global consultancy, Huron focuses on driving strategic growth and innovation for its clients, emphasizing operational and digital transformation.
Huron (NASDAQ: HURN) reported Q4 2020 revenues of $198.3 million, a decline from $232.3 million in Q4 2019, with a net loss of $6.1 million compared to a net income of $14.4 million the previous year. For 2020, revenues totaled $844.1 million, down from $876.8 million in 2019. The company faced challenges due to COVID-19, affecting its Healthcare and Education segments. However, the Business Advisory segment achieved record revenues. Huron anticipates 2021 revenues between $830 million and $890 million, with adjusted EBITDA expected at 10.8% to 11.8% of revenues.
Global professional services firm Huron (NASDAQ: HURN) will release its financial results for the fourth quarter and full year ended December 31, 2020, on February 23, 2021, after market close. The earnings announcement will be followed by a conference call led by CEO James H. Roth and CFO John D. Kelly at 5:00 PM ET. Investors can access the conference call on Huron's website, with a replay available for 90 days post-event. Huron focuses on helping clients achieve operational, digital, and cultural transformation.
Huron (NASDAQ: HURN) has finalized its acquisition of Unico Solution, enhancing its data management and governance capabilities. This acquisition aims to assist clients in optimizing operations and promoting cloud adoption. CEO James H. Roth expressed enthusiasm about integrating Unico's team and leveraging their expertise to accelerate business transformation and improve decision-making. Unico will be categorized under Huron’s Business Advisory segment, indicating a strategic move to align technology with organizational goals and empower clients to make informed, data-driven decisions.
Huron (NASDAQ: HURN) has announced the promotion of 12 managing directors and corporate vice presidents as part of its strategy to accelerate growth. CEO James H. Roth commended the leadership skills of these individuals, who have significantly impacted Huron's culture and client service. Key promotions include Nicole Bengtson, Cati Cederoth, and Elizabeth Entinghe, among others, bringing extensive experience in healthcare, technology consulting, and corporate development.
Huron (NASDAQ: HURN) has announced its acquisition of Unico Solution, a data strategy and technology consulting firm. This strategic move aims to enhance Huron's capabilities in data management and governance, critical for client digital transformation and cloud adoption. Over 30 Unico employees, including managing partner Vikas Punna, will join Huron. The acquisition is expected to close in February, and while the financial terms are undisclosed, it marks a significant step in bolstering Huron's service offerings in the data management sector.
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