Watson Wyatt Worldwides investment consulting group reported $128.7 million in revenue for its fiscal year ended June 30, up 49% from the previous year. Net operating profit surged 211% to $39.3 million for fiscal 2007. In a news release, Watson Wyatt cited strong demand across the board for pension consulting services, but singled out demand for advice on investment strategy and manager selection. For the latest quarter, the groups revenue came to $34.5 million, up 38% from the year before, while net operating profit came to $10.9 million, up 162%.
Carl A. Hess, the group's practice director, Americas, cited significant fixed fee work on behalf of clients for the relatively strong growth in operating profits.