Watson Wyatt posts Q4 net income of £16m

Watson Wyatt has announced financial results fo the fourth quarter and fiscal year 2007, which ended June 30, 2007.

Revenues increased 12% (8% constant currency) to $388.5m (£196m).

Income from continuing operations was $31.6m (£16m), an increase from $25.7m (£13m).

For the fiscal year, revenues were $1.49bn, an increase of 17% from $1.27bn () in fiscal 2006. Income for the year was $116.3m ().

John Haley, president and chief executive officer, commented: “We culminated fiscal 2007 with the same impressive performance we showed all year. All our segments continue to grow well, and we are seeing the positive results of our geographic expansion strategies. For fiscal 2008, we are optimistic about our growth and performance opportunities.”