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TacticalVC · Value Creation Playbook

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100 results
Talent and CapabilityOrganic

Accenture

Accenture invested $1B/year in reskilling 250K employees for AI, generating $3B in GenAI bookings in FY2024.

$1.1 Billion Annual Training Investment Repositions Workforce for AI Services Demand

IT Services & ConsultingLarge Enterprise
Customer Expansion

Paylocity

Paylocity grew revenue per client 27% to $33,000 by cross-selling HCM modules across its 39,000 mid-market clients.

Paylocity grew recurring revenue per client 27% to $33,000 through HCM module expansion

HR Services & PayrollEnterprise
Workflow AutomationOrganic

Paycom Software

Paycom grew revenue 144% to $2.05B by automating payroll via BETI, cutting processing errors 85%.

Paycom Software Grew Revenue 144% to $2.05 Billion by Automating Payroll Through Employee Self-Service, Cutting Processing Errors by 85%

HR Services & PayrollEnterprise
Packaging and BundlingOrganic

Compass Group

Compass Group grew FY2023 revenue to £31.3B and margin to 6.8% by bundling food with workplace experience services.

Bundling Food Services with Workplace Experience and FM

Facility ServicesLarge Enterprise
Workflow Automation

Conduent Incorporated

Conduent cut headcount 37% from 93,000 to 59,000 while sustaining transaction volumes via RPA automation.

From 93,000 to 59,000 Employees: A Decade of Workflow Automation

Business Process OutsourcingLarge Enterprise
Customer Mix ShiftOrganic

ManpowerGroup

ManpowerGroup's Experis grew 2x segment share by shifting from general IT to enterprise digital services.

Experis Division Shift from General IT Staffing to Enterprise Digital

Staffing & RecruitmentLarge Enterprise
Sales EfficiencyOrganic

Wipro

Wipro grew IT services revenue 35% to $11.2B and hit record large deal bookings via a sales restructuring.

IT Services Revenue Up 35% in Three Years: The Sales Restructuring That Ended the Large Deal Drought

IT Services & ConsultingLarge Enterprise
Team Structure and AccountabilityOrganic + Inorganic

Accenture

Accenture grew Diamond clients 25% to 116 and new bookings 13% to $81B via industry-vertical structure.

93 to 116 Diamond Clients in Three Years: What Vertical P&L Structure Made Possible

IT Services & ConsultingLarge Enterprise
Talent and CapabilityOrganic

Capgemini

Capgemini grew revenue 21% to €22B in FY2022 by investing in cloud and AI, recording its fastest organic growth ever.

300,000 Cloud Certifications and 68% Revenue Growth in Three Years: How Capability Investment Captured the Cloud Migration Wave

IT Services & ConsultingLarge Enterprise
Rate Optimization

UniFirst Corporation

UniFirst expanded gross margin 290bps to 36.6% and grew revenue 8.9% to $2.43B through pricing discipline.

Pricing Discipline and Margin Expansion in Advance of Acquisition

Uniform & Textile ServicesEnterprise
General and Administrative

Vestis Corporation

Vestis reduced debt by $337.5M in its first year as an independent company through post-spinoff restructuring.

Post-Spinoff Cost Restructuring and Debt Reduction

Uniform & Textile ServicesLarge Enterprise
Revenue MixOrganic

Teleperformance

Teleperformance grew revenue 52% to €8.2B and specialized services 65% by shifting mix to higher-value CXM.

3 Billion Euros for Content Moderation, 82,000 Employees, and a New Continent

Business Process OutsourcingLarge Enterprise
New Customer AcquisitionOrganic + Inorganic

SGS SA

SGS SA compounded 5–9% annual organic growth in testing and inspection via M&A-driven customer acquisition.

M&A-Driven Customer Acquisition in a Fragmented TIC Market

Testing, Inspection & CertificationLarge Enterprise
Governance and CadenceOrganic

Capita

Capita achieved £305M in sustainable cost savings by 2020 by restructuring governance and disposing of non-core assets.

Five Years, £305M in Savings, One Rights Issue: Anatomy of a BPO Turnaround

Business Process OutsourcingLarge Enterprise
New Customer Acquisition

Compass Group

Compass Group grew revenue to $46.1B and expanded operating margin 100 bps by capturing outsourcing demand.

Volume Growth Through First-Time Outsourcing Capture

Facility ServicesLarge Enterprise
Team Structure and Accountability

Booz Allen Hamilton Holding Corporation

Booz Allen Hamilton hit $21.4B backlog and 3.66x book-to-bill by aligning units to specific markets.

Vision 2020 Market-Aligned Reorganization Driving Record Backlog and Contract Growth

Government Services & Defense ITLarge Enterprise
Cycle Time ReductionOrganic

ManpowerGroup

ManpowerGroup unified 90% of front-office revenues onto PowerSuite while gross margins reached 18.2% in Q4 FY2022.

Digital Platform Investment for Staffing Fulfillment Efficiency

Staffing & RecruitmentLarge Enterprise
Product Mix ShiftOrganic

Paycom

Paycom doubled annual revenue to $1.7B and grew revenue per client 66% via employee self-service payroll.

Beti Employee-Driven Payroll Powering Revenue Per Client Expansion

HR Services & PayrollEnterprise
Customer ExpansionOrganic

Sodexo

Sodexo grew on-site services to €22.6B in FY2023 by expanding integrated food and facilities management globally.

Integrated Facilities Management and Food Services Expansion Driving Client Revenue Growth

Facility ServicesLarge Enterprise
Product Mix ShiftInorganic

NTT Data

NTT Data formed a $30B IT services entity by consolidating global operations, generating $18B in revenue outside Japan.

$8B to $18B International Revenue: Merging Consulting and Infrastructure Into a Single End-to-End Offering

IT Services & ConsultingLarge Enterprise
Customer Mix ShiftOrganic

TriNet Group

TriNet grew revenue 27.7% to $4.92B by expanding revenue per employee 25% through vertical specialization in HR.

Revenue Per WSE Growth Through Vertical Specialization

HR Services & PayrollLarge Enterprise
Cycle Time Reduction

Heidrick & Struggles International

Heidrick & Struggles doubled revenue to $1.2B in FY2022 by using a cloud platform to cut search cycles by six weeks.

Cloud Content Platform Compresses Executive Search Cycle by Up to Six Weeks

Professional & Advisory ServicesMid-Market
Marketing EfficiencyOrganic

Infosys

Infosys grew large deal TCV 86% to $17.7B in FY2024 by industrializing its enterprise deal pursuit model.

From Ad-Hoc Pursuits to $17.7B in Annual Large Deal TCV: What Industrializing the Process Delivered

IT Services & ConsultingLarge Enterprise
Marketing EfficiencyOrganic

Tata Consultancy Services

TCS grew revenue 37% to $27.9B in FY2023 by scaling hyperscaler partnerships to an all-time high $42.7B deal backlog.

37% Revenue Growth and a $42.7B TCV Record: The Hyperscaler Partnership Strategy Behind India's Largest IT Firm

IT Services & ConsultingLarge Enterprise
General and Administrative

Capita

Capita generated £1.3B in disposal proceeds and £122M in savings in 2020 through portfolio simplification.

£122M Saved in a Year: How a Pandemic Forced a Long-Overdue Restructuring

Business Process OutsourcingLarge Enterprise
R&D EfficiencyOrganic + Inorganic

Tech Mahindra

Tech Mahindra rebounded PAT 80.3% to INR 4,252 crore in FY2025 through Project Fortius restructuring.

EBIT Up 360 Basis Points Without Volume Recovery: The Six Levers Behind Project Fortius

IT Services & ConsultingLarge Enterprise
Delivery and FulfillmentOrganic

Genpact

Genpact grew revenue 34% to $4B and per-employee revenue 21% to $41,700 by automating delivery ops.

34% Revenue Growth on 11% Headcount Growth: The Lean Digital Productivity Story

Business Process OutsourcingLarge Enterprise
Supplier and Input CostsOrganic

Sodexo

Sodexo grew operating margin 30 basis points to 4.3% by channeling $50B in food purchasing through its Entegra GPO.

Centralized Procurement Through Entegra GPO in Global Food Services

Facility ServicesLarge Enterprise
Rate OptimizationOrganic

Robert Half International

Robert Half grew gross margin 200 bps to 39.8% through disciplined temporary staffing bill rate increases.

Rate Optimization

Staffing & RecruitmentLarge Enterprise
Market EntryOrganic + Inorganic

Randstad

Randstad grew North America revenue to €4.6B while lifting total revenue to €27.6B via Cella expansion.

New Customer Acquisition Through Geographic Expansion and Partnerships

Staffing & RecruitmentLarge Enterprise
Contract StructureOrganic

ISS A/S

ISS grew organic revenue 9.7% in FY2023 and hit record 95% retention by embedding price escalators in contracts.

Contract Structure and Built-In Price Escalators

Facility ServicesLarge Enterprise
New Customer AcquisitionOrganic + Inorganic

TTEC Holdings

TTEC grew revenue 38% to $2.3B in two years by combining digital and delivery capabilities to raise win rates to 27%.

Win Rates Up from 18% to 27%: What One Unified Sales Team Changed

Business Process OutsourcingLarge Enterprise
New Customer AcquisitionOrganic + Inorganic

Concentrix

Concentrix doubled its client count to 2,000 brands and grew combined revenue to $9.8B by combining with Webhelp.

How a $4.8B Combination Bought 1,000 Clients and Presence in 70 Countries

Business Process OutsourcingLarge Enterprise
Customer Mix ShiftOrganic

Heidrick & Struggles

Heidrick & Struggles reached $94.3M in consulting revenue in 2023 by expanding advisory beyond executive search.

Building a Diversified Advisory Business Beyond Executive Search

Staffing & RecruitmentLarge Enterprise
Revenue Model ShiftOrganic

Infosys

Infosys grew large-deal TCV 97% to $17.7B in FY2024 by shifting toward outcome-based engagement.

97% Large Deal TCV Growth While Absorbing Delivery Risk: The Platform Economics Behind Outcome-Based Pricing

IT Services & ConsultingLarge Enterprise
Packaging and BundlingOrganic

Securitas

Securitas grew sales 46% to SEK 157B over three years by shifting technology and solutions from 22% to 32% of revenue.

Bundling Physical Security with Technology and Remote Monitoring

Security ServicesLarge Enterprise
Packaging and BundlingOrganic

Insperity

Insperity doubled revenue to $6.5B over six years by bundling PEO co-employment with HR technology.

PEO Co-Employment Bundling Doubles Revenue Over Six Years

HR Services & PayrollLarge Enterprise
Delivery and FulfillmentOrganic

EXL Service

EXL grew revenue 64% to $1.6B from FY2019 to FY2023 by deploying XTRAKTO.AI across insurance document processing.

Five Days to Eleven Minutes: Building Proprietary AI in Insurance BPO

Business Process OutsourcingEnterprise
General and AdministrativeOrganic

Accenture

Accenture more than doubled revenue to $64.1B while expanding adjusted operating margin 90 basis points to 15.4%.

From 358,000 to 733,000: Doubling Revenue Without Moving Revenue Per Employee

IT Services & ConsultingLarge Enterprise
Rate OptimizationOrganic

Cognizant Technology Solutions

Cognizant grew digital revenue mix from 33% to 48% while total revenue rose 15% to $19.4B over three years.

48% Digital Revenue, Falling Revenue Per Employee: The Rate Optimization That Didn't Materialize

IT Services & ConsultingLarge Enterprise
Revenue Model ShiftOrganic

Genpact

Genpact grew revenue 74% to $4.5B while cutting GE revenue share below 10% by diversifying into digital operations.

From 85% GE Revenue to None: A Seven-Year Client Diversification

Business Process OutsourcingLarge Enterprise
Market EntryOrganic + Inorganic

WNS Holdings

WNS grew total revenue 63% from $809M to $1.3B from FY2019 to FY2025 through acquisition-led healthcare market entry.

$95M to Buy What Five Years of Organic Entry Could Not

Business Process OutsourcingLarge Enterprise
Sales EfficiencyOrganic + Inorganic

Securitas

Securitas grew sales per employee 37% over five years by shifting technology and solutions to 32% of total revenue.

Digital Transformation Driving 37% Sales Productivity Improvement

Security ServicesLarge Enterprise
Support and Customer SuccessOrganic

Automatic Data Processing

ADP expanded EBIT margin 270 basis points in Q4 FY2023 by shifting clients to self-service digital workflows.

Self-Service Digital Platform Driving Support Cost Leverage at Scale

Professional & Advisory ServicesLarge Enterprise
Talent and CapabilityOrganic

Genpact

Genpact grew Data-Tech-AI 16% in 2022 to $1.96B — 45% of revenue — by reskilling workers with its Genome platform.

Training 70,000 Employees in Data Skills: The Genome Reskilling Platform

Business Process OutsourcingEnterprise
Governance and CadenceOrganic

EXL Service

EXL Service nearly doubled revenue to $2.09B in four years by shifting to an analytics-led operating model.

From Traditional BPO to 57% Data and AI Revenue in Four Years

Business Process OutsourcingEnterprise
Governance and CadenceOrganic

TaskUs

TaskUs grew revenue 26.3% to $960.5M in FY2022 at a 23.2% EBITDA margin by specializing in digital-native clients.

The BPO That Only Serves Tech Companies: 23% EBITDA in a 10-16% Industry

Business Process OutsourcingEnterprise
Revenue Model ShiftOrganic

Unisys

Unisys shifted ECS software to 32% of revenue at 61.2% gross margin by concentrating on subscription products.

Gross Margin Up 540 Basis Points After Selling $689M of Federal Revenue: When Portfolio Concentration Works

IT Services & ConsultingLarge Enterprise
Product Mix ShiftOrganic

Intertek Group

Intertek hit a record 17.4% operating margin in FY2024 by shifting to Total Quality Assurance mix.

Product Mix Shift Through Total Quality Assurance Strategy

Testing, Inspection & CertificationLarge Enterprise
Market EntryOrganic + Inorganic

Eurofins Scientific

Eurofins grew revenue 174% to €6.95B from 2016 to 2024 by scaling a testing network to 900+ labs in 62 countries.

Market Entry Through Acquisitive Laboratory Network Expansion

Testing, Inspection & CertificationLarge Enterprise
Product Mix Shift

The Brink's Company

Brink's grew revenue 19% to a record $5.01B by shifting AMS and digital recurring services to 25% of revenue.

Product Mix Shift to Digital and Recurring Revenue Services

Security ServicesLarge Enterprise
Forecasting and Planning

Automatic Data Processing, Inc. (ADP)

ADP reached record 92.2% client retention and grew revenue to $18B by embedding analytics across its HCM suite.

DataCloud Workforce Analytics Platform Driving Client Retention and Revenue Per Client Growth

HR Services & PayrollLarge Enterprise
Quality and Reliability

Bureau Veritas SA

Bureau Veritas grew operating profit 12.5% to €902M in 2022 via digital quality management expansion.

Digital Quality Management System Driving Margin Recovery Across Five Business Lines

Testing, Inspection & CertificationLarge Enterprise
Talent and CapabilityOrganic

IBM Corporation

IBM retrained 175,000 employees in cloud and AI skills between 2016 and 2019 by hiring for aptitude over credentials.

175,000 Employees Retrained, 220 Schools Built: The New Collar Programme That Changed How Enterprise IT Hires

IT Services & ConsultingLarge Enterprise
General and AdministrativeInorganic

Aramark

Aramark expanded operating margin 310bps to 5.5% and GAAP operating income 4.5x in the post-COVID recovery.

Margin Recovery Through Operational Discipline and Cost Containment

Facility ServicesLarge Enterprise
Contract StructureInorganic

Teleperformance

Teleperformance grew Specialized Services 109% to €1.36B in three years via multi-year contracts.

Choosing Slower Core Growth to Protect Margins: The Specialized Services Shift

Business Process OutsourcingLarge Enterprise
Contract StructureOrganic

Conduent

Conduent won $732M in new ACV contracts averaging 4+ years via outcome-based pricing.

Deliberately Shedding $300M in Revenue to Repair Contract Economics

Business Process OutsourcingLarge Enterprise
Market EntryInorganic

Adecco Group

Adecco grew Akkodis to €3.7B, delivering €60M in technology engineering synergies by 2023.

Market Entry Into Technology Engineering Through Akkodis

Staffing & RecruitmentLarge Enterprise
Revenue Model ShiftOrganic + Inorganic

HCL Technologies

HCL Technologies grew revenue 30% to $13.3B by converting IBM legacy IP into a $1.02B ARR software business.

$1.8B to Buy a Built-In Services Pipeline: How IBM Software Became HCL's Customer Acquisition Engine

IT Services & ConsultingLarge Enterprise
Support and Customer SuccessOrganic

Xerox

Xerox cut 21,000 field dispatches in 18 months and expanded adjusted operating margin 170 basis points.

21,000 Dispatches Avoided: AR Remote Support and the Three-Tier Service Model

Business Process OutsourcingLarge Enterprise
Support and Customer SuccessOrganic

Serco Group

Serco grew free cash flow 31% to £209M in 2023 by deploying technology-enabled delivery in government BPO.

Technology-Enabled Service Delivery Reducing Support Costs in Government BPO

Government Services & Defense ITLarge Enterprise
Infrastructure and HostingOrganic + Inorganic

Atos

Atos Tech Foundations hit 3.1% margin in 2023 — three years ahead of its transformation plan.

From -11% Organic Decline to Near-Flat: How Three Acquisitions Created the Rationalization Opportunity

IT Services & ConsultingLarge Enterprise
Infrastructure and HostingOrganic

Rackspace Technology

Rackspace grew public cloud revenue 7% while exiting owned data centers in a pivot to managed multi-cloud services.

Non-GAAP Operating Profit Down 50%, Revenue Shrinking: The Infrastructure-to-Cloud Pivot Before It Pays

IT Services & ConsultingLarge Enterprise
Infrastructure and HostingOrganic

Unisys

Unisys cut capex from $86M to $79M in FY2023 by shifting to cloud-first infrastructure delivery.

Non-GAAP Margin From 9.4% to 7.0% During Cloud Pivot: Why the Costs Arrive Before the Savings

IT Services & ConsultingLarge Enterprise
Delivery and FulfillmentInorganic

NTT Data

NTT Data unified global operations into a $30B entity by consolidating international brands under a single platform.

Four Brands, One Operating Company: The $30B Consolidation Targeting a 50% Margin Improvement

IT Services & ConsultingLarge Enterprise
R&D EfficiencyInorganic

Capgemini

Capgemini delivered €80M+ in Altran synergies one full year ahead of schedule post-acquisition.

€3.6B for Automotive and Aerospace R&D Clients: The Altran Acquisition That Beat Both Synergy Targets One Year Early

IT Services & ConsultingLarge Enterprise
Product Mix Shift

Huron Consulting Group

Huron Consulting grew diluted EPS 96.6% to $6.27 in FY2024 by shifting 42% of revenue to digital services.

Revenue Mix Shift to Digital and Managed Services

Professional & Advisory ServicesEnterprise
Workflow AutomationOrganic

Maximus

Maximus grew revenue 15% to $4.90B via technology-led expansion in digital government services.

Digital Government Services Expansion Driving Revenue Growth in Benefits Administration

Government Services & Defense ITLarge Enterprise
Team Structure and AccountabilityInorganic

Korn Ferry

Korn Ferry grew fee revenue 57% to $2.84B over two years by expanding consulting and digital to 37% of total revenue.

Acquisition-Driven Expansion from Executive Search to Integrated Talent Advisory

Staffing & RecruitmentLarge Enterprise
Measurement and AnalyticsOrganic

Leidos

Leidos grew revenue 7% to $15.44B in FY2023 and expanded Defense Solutions margin 70 bps through digital modernization.

Digital Modernization and Contract Portfolio Optimization Driving Margin Expansion

Government Services & Defense ITLarge Enterprise
Quality and ReliabilityOrganic

Cognizant Technology Solutions

Cognizant scaled CMMI Level 5 certification to 41,000+ employees across 11 countries while sustaining $19.4B in revenue.

First Worldwide CMMI v1.2 Level 5 in 2006: Eight Consecutive Ratings Across Two Decades of Enterprise Scale-Up

IT Services & ConsultingLarge Enterprise
Quality and ReliabilityOrganic

WNS Holdings

WNS Holdings automated 87% of P&C claims for straight-through processing, improving operational efficiency 60%.

From Sampling 5% to Monitoring 100%: AI Quality Control in Insurance BPO

Business Process OutsourcingEnterprise
Cycle Time ReductionOrganic

Randstad

Randstad peaked at €27.6B revenue in 2022 after investing €180M in digital platforms for market share.

Digital Platform Investment and Operational Efficiency in Global Staffing

Staffing & RecruitmentLarge Enterprise
Cycle Time ReductionOrganic

Adecco Group

Adecco gained 830 basis points of market share in FY2023 by expanding digital workforce and omnichannel solutions.

Digital Transformation of Workforce Solutions Through Future@Work and Omnichannel Strategy

Staffing & RecruitmentLarge Enterprise
Forecasting and PlanningOrganic

Infosys

Infosys grew revenue 54% to $18.2B at 21% operating margin by scaling employees via InfyMe platform.

450 Applications Into One: How InfyMe Enabled 50% Headcount Growth Without Productivity Loss

IT Services & ConsultingLarge Enterprise
Forecasting and PlanningOrganic

ManpowerGroup

ManpowerGroup grew Talent Solutions to 17.5% segment margin as overall revenue declined 5% to $18.9B.

Talent Solutions Segment Growth Through Workforce Analytics and RPO Expansion

Staffing & RecruitmentLarge Enterprise
Forecasting and PlanningOrganic

Robert Half International

Robert Half grew Protiviti 74% to $1.97B in three years by shifting the company toward higher-margin consulting.

Protiviti Consulting Engine Shifts Revenue Mix Toward Professional Services

Staffing & RecruitmentLarge Enterprise
Customer ExpansionOrganic

Wipro

Wipro grew revenue 36% to $11B in two years by expanding cloud services and growing large-deal TCV to $4.6B in FY2024.

$8.1B to $11.0B in Two Years: How Capco, FullStride Cloud, and Three Acquisitions Moved the Account Mix

IT Services & ConsultingLarge Enterprise
Contract StructureOrganic + Inorganic

SAIC

SAIC grew revenue 92% to $7.4B over nine years by transforming its contract portfolio through the Engility acquisition.

Contract Portfolio Transformation Through Engility Acquisition

Government Services & Defense ITLarge Enterprise
Revenue Model Shift

ISS A/S

ISS grew group revenue 17.4% to DKK 83.8B by shifting to integrated workplace experience services.

Revenue Model Shift Through Integrated Workplace Experience

Facility ServicesLarge Enterprise
New Customer Acquisition

Rollins Inc

Rollins grew revenue 57% to $3.4B via acquisitions compounding organic growth in pest control over four years.

Compounding Growth Through Tuck-In Acquisition Strategy

Facility ServicesLarge Enterprise
New Customer Acquisition

Rentokil Initial

Rentokil lifted Terminix retention from 62.4% to 76.3% by integrating 58 branches and 987 technicians.

Customer Retention Turnaround Through Terminix Integration

Facility ServicesLarge Enterprise
Product Mix Shift

Loomis AB

Loomis reached its 12% EBITA margin target and grew revenue 6.6% organically in 2024 by automating cash management.

Margin Expansion Through Cash Management Automation and Service Bundling

Security ServicesLarge Enterprise
Customer Expansion

FTI Consulting

FTI Consulting reached $3.70B in record FY2024 revenue by diversifying across five business segments.

Cross-Segment Expansion Driving Record Revenue

Professional & Advisory ServicesLarge Enterprise
Customer ExpansionOrganic

Cintas Corporation

Cintas grew First Aid and Safety revenue 55% to $1.07B by cross-selling additional services on existing delivery routes.

Cintas Corporation Grows First Aid & Safety Revenue 55% Through Route-Based Cross-Sell

Uniform & Textile ServicesLarge Enterprise
Customer ExpansionOrganic

ABM Industries

ABM expanded EBITDA margin 160 basis points to 6.8% through integrated facility services cross-sell.

ABM Industries Expands EBITDA Margin 160 Basis Points Through Integrated Facility Solutions Cross-Sell

Facility ServicesEnterprise
General and AdministrativeInorganic

DXC Technology

DXC Technology freed $1.4B in cash flow improvement in FY2022 by eliminating $500M in costs through restructuring.

$500M Saved, $3.3B in Revenue Shed: How Post-Merger Restructuring Fixed the Unit Economics

IT Services & ConsultingLarge Enterprise
Customer Mix ShiftOrganic

Booz Allen Hamilton

Booz Allen grew revenue 42% to $10.7B with 14.5% organic growth in FY2024 by shifting toward cybersecurity and AI.

Booz Allen Hamilton Grows Revenue 42% Through Cybersecurity and AI Mix Shift

Government Services & Defense ITLarge Enterprise
Revenue Model ShiftOrganic

CGI Group

CGI grew to C$14.7B revenue up 27.7% and expanded EBIT margin 170 bps via IP-based solutions shift.

Government Clients as a Distribution Channel: How a Vertical IP Strategy Delivered 170 Basis Points of EBIT Margin Without a Transition Penalty

IT Services & ConsultingLarge Enterprise
Revenue Model ShiftOrganic

Accenture

Accenture grew revenue 64% to $64.9B by rotating digital and cloud services to over 70% of total revenue.

150 Acquisitions and $1B in Annual Training to Defend a $300/Hour Rate in a $40/Hour Market

IT Services & ConsultingLarge Enterprise
Product Mix ShiftOrganic

Atos

Atos isolated Eviden — €5.3B in revenue at 5.2% operating margin — by shifting toward cybersecurity and decarbonization.

Splitting a €10B Company to Surface a Cybersecurity Growth Business: The Eviden Separation and Its Limits

IT Services & ConsultingLarge Enterprise
New Customer AcquisitionOrganic + Inorganic

Bureau Veritas

Bureau Veritas grew organic revenue 8.5% in FY2023 and expanded total revenue to €5.87B by exiting low-margin lines.

Organic Growth Acceleration Through Portfolio Reshaping and High-Growth Vertical Expansion

Testing, Inspection & CertificationLarge Enterprise
Customer ExpansionOrganic

ADP

ADP grew Employer Services revenue 31% to $13B over five years by expanding HCM platform modules per client.

Customer Expansion Through HCM Platform Upsell

HR Services & PayrollLarge Enterprise
Customer ExpansionOrganic + Inorganic

Parsons Corporation

Parsons grew revenue 54% to $5.4B by expanding government contract value through defense and infrastructure cross-sell.

Customer Expansion Through Defense and Infrastructure Cross-Sell

Government Services & Defense ITLarge Enterprise
Product Mix ShiftOrganic + Inorganic

KBR

KBR grew revenue 42% to $7.0B over five years by shifting its portfolio mix toward higher-margin government services.

Product Mix Shift from Engineering to Government Services

Government Services & Defense ITLarge Enterprise
Talent and CapabilityOrganic

Wipro

Wipro cut voluntary attrition from 23.3% to 15.0% by FY2025, recovering margin through workforce stabilization.

Net Income Up 18.9% While Revenue Fell 2.7%: How Attrition Recovery Rebuilt the Margin Without Volume

IT Services & ConsultingLarge Enterprise
Measurement and AnalyticsOrganic

Paychex

Paychex grew revenue 30% to $5.28B and expanded revenue per client 27% by embedding analytics in its platform.

Platform-Embedded Analytics Driving Revenue Per Client Growth

HR Services & PayrollLarge Enterprise
Product Mix ShiftOrganic

Fujitsu

Fujitsu grew Uvance revenue 84% to ¥367.9B in FY2023 and exceeded its ¥450B FY2024 target at ¥482.8B.

¥200B to ¥482.8B in Two Years: The Uvance Product Platform That Beat Its Own Targets

IT Services & ConsultingLarge Enterprise
Customer Mix ShiftOrganic + Inorganic

Kforce Inc.

Kforce grew revenue 37% to $1.7B with per-associate revenue up 64% by moving upmarket in tech staffing.

Moving Upmarket to Enterprise Technology Staffing

Staffing & RecruitmentMid-Market
Volume GrowthOrganic

Hays plc

Hays grew net fee income 14.6% to £1.3B and total revenue 25% to £7.6B through geographic and sector expansion.

Organic Net Fee Income Growth Through Geographic and Sector Expansion

Staffing & RecruitmentLarge Enterprise