Charles River Associates Updated Company's Outlook

Charles River Associates CRAI President and Chief Executive Officer, Paul Maleh, updated outlook : “Overall, we see signs of business conditions starting to improve within our markets as we continue to rebound from the difficult start to fiscal 2010,” said Maleh. “Utilization, while still below our target levels, is trending upward. Our new business lead flow is healthy and we have an active pipeline of both Management Consulting and Litigation opportunities.” “Looking forward, our primary challenge continues to be the uncertain economic environment, which has the potential to limit near-term client spending on major consulting projects and disrupt litigation-related activity. However, we have substantially lowered CRA's overall cost structure during the past two years to create a leaner, more leverageable business model in the process. While we will continue to seek to align our cost structure with revenue, particularly our office leases, our primary focus now is on generating profitable growth and deepening our client relationships. We are on track to achieve our fiscal year goals. We are seeing some encouraging signs in our markets and are entering the fourth quarter cautiously optimistic,” Maleh said. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.