Indeed, KPMG is the first pure consulting giant to take the public plunge. However, as with other recent historical events, the verdict on KPMG s IPO and its impact on the market will be a muddled one.
Questions persist on whether the company has the makings of a market thoroughbred.
The impressive debut reinforces the fact that KPMG has successfully distanced itself from struggling e-consulting shops like iXL, Razorfish and Xpedior. Specifically, says Wright, savvy investors recognize that a full-service consulting operation can be scaled up for greater efficiencies and can deliver solid, sustainable earnings. What s more, it can accomplish all of that without investing billions of dollars in infrastructure. All Rights Reserved. Ziff Davis Publishing Holdings Inc. This ZDNet article may be reused when licensed.