The current trade will last for a while IMO until Feb maybe they start to get new projects signed off. If you look at RXP's acquisition strategy, their practices now pretty much cover the whole IT industry, which means they can still win here and there to get the company surviving. They now have to accept lower rates because of the low rates that smaller consultancies offer. They are in an awkward situation because they are still not big enough to win tier 1 clients and they didn't care about smaller ones now they have to. Big, global consultancies win BIG projects and sub-contract to local ones like RXP but there are so many players on the market, why RXP?...
RXP Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
