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Jerry Geisel

Hewitt Associates reports slight rise in net income

February 1, 2010 - 4:21pm


LINCOLNSHIRE, Ill.—Hewitt Associates Inc. on Monday reported slightly higher net income and flat revenues for the first quarter of its 2010 fiscal year, ended Dec. 31, 2009.

Net income rose to $68.4 million, up from $64.8 million, while net revenues, which exclude reimbursement paid by clients for certain expenses incurred by Hewitt, were $770.1 million compared with $770.8 million in the prior-year quarter.

“We are pleased with how each of our businesses performed in the quarter,” said Hewitt Chairman and CEO Russ Fradin said in a statement.

By business segment, consulting revenues increased 1% to $260.8 million, while benefits resourcing revenues increased 3% to $404.4 million, Lincolnshire, Ill.-based Hewitt said.

 



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