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Towers Watson Beats Earnings but Shows Little Growth from Last Year

Towers Watson (NYSE: TW) reported fiscal fourth quarter EPS of $1.34. Analysts called for $1.25, EPS were down 1% year over year. Revenue came in at $879.0 million versus the estimated $850.80 million. Sales remained flat from the same quarter last year.

From the press release:

“We were very pleased with the fourth quarter results and ending the fiscal year on such a strong note” said John Haley, chief executive officer. “We had three significant goals for fiscal year 2014: enhance the capabilities the OneExchange platform; re-align the Risk Consulting and Software business; and direct resources to long-term growth initiatives. While we experienced some pressure on revenues this past year, I’m pleased to say that we’ve accomplished our organizational goals in building the foundation for long-term growth. OneExchange is the only multi-carrier platform in the market today that can address all employee populations on a fully insured and self-insured basis, the Risk Consulting and Software business has returned to historical profitability, and the divestiture of the Brokerage business provided capital to refocus our resources for more strategic growth initiatives, particularly the enhancement of OneExchange through the acquisition of Liazon.”

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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