PA Consulting posts 1% growth to hit £790 million revenue

17 April 2024 2 min. read
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PA Consulting, a global innovation and transformation consultancy, booked revenue growth of 0.5% last year to reach £790 million.

The flat growth mirrors a wider consulting sector dip after a pandemic-related boom in demand. The London-headquartered firm in 2022 grew 14% and in 2021 had record growth of 24%.

PA – which was acquired by US engineering consultancy Jacobs in 2021 – worked on numerous high-profile innovation and design engagements across the globe last year.

PA Consulting posts 0.5% growth in 2023

The firm supported Hubly Surgical with the design of a bore drill to replace older and higher-risk methods for intracranial surgery, which received FDA approval in the US in 2023.

PA also worked with Amsterdam Schiphol Airport to assess the carbon footprint of its technology and data as the busy airport works toward a goal of being the world’s most sustainable hub.

PA’s defense and security consortia, TeamProtect, is supporting the UK Ministry of Defence on “CRENIC,” a project to protect soldiers from drone-based threats. The project currently has collected 110 tech, innovation, and AI businesses to fast-track progress on the initiative.

In the area of professional development, PA launched a new digital apprenticeship program and a suite of AI academy courses to support its peoples’ continuous education.

The consulting firm’s people volunteered 21,000 hours to support charity partners in 2023. In the US, the PA Foundation worked with Upwardly Global to mentor immigrant and refugee professionals and with Point Foundation to support LGBTQ students in reaching their full academic and leadership potential.

The PA Foundation also distributed £2 million in funding across organizations in the US and Europe.