IT Technology

Renaissance Solutions, Inc.

The Company

Renaissance Solutions <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: RENS)") else Response.Write("(Nasdaq: RENS)") end if %> is a management consulting and systems integration firm focused on combining strategic management concepts and information technology to help clients define and implement "breakthrough performance improvements" in their core business processes. The company's CEO David Norton co-authored a book entitled The Balanced Scorecard: Translating Strategy into Action, which has been a boon to business. The underlying philosophy of the management approach deals with the communication of long-term goals to all members of the organization and the implementation of practices that make concrete progress toward the realization of these goals. The company focuses on introducing enterprise-wide changes in business processes. The Registry, Inc. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: REGI)") else Response.Write("(Nasdaq: REGI)") end if %> and Renaissance Solutions announced on May 20 that they have agreed to merge. The transaction, which the companies expect to complete within 90 days of the announcement date, will form a combined enterprise with annual revenues of more than $350 million for the twelve months ended March 31, 1997.

Latest Financials

Revenues increased by 52%, to $17.5 million in the three-month period ended March 28, 1997, from $11.5 million in the year-ago quarter. This increase reflected strong performance from the company's existing client base, as well as the addition of 20 new clients. International operations continued to be a strong source of growth, representing 20% of revenues in the first quarter of 1997, as compared to 13% in the first quarter of 1996.  (Go to next snapshot.)

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