Andersen revenues spiral on back of ecommerce

The Australian and New Zealand end of Andersen Consulting contributed $A323.1 million to the organisation's global revenues of $A14.5 billion for the year ending December 31.

The global results are an 8 per cent increase over the previous year's performance. Andersen estimated its electronic commerce revenues were about $A2.4 billion for 1999, tripling the 1998 ecommerce figures.

Andersen's managing partner for Australia and New Zealand, Graham Henry, said 1999 was a year in which the firm accelerated its ecommerce activities, with major public and private projects, such as Centrelink, the Federal Government's social service delivery agency.

"In the past year the Australian and New Zealand practice made significant investments in new business models demanded by our clients for the internet-enabled world. These investments cover such diverse organisations as Pacific Dunlop, AXA, enablement of our Dot-Com Launch Centres and a number of specific investments in local ventures which are potential future IPOs," Henry said.

"We are confident the results of these investments will significantly enhance our performance in coming years."

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