The firm generated record revenues of 712 million euros in 2017, representing a 13% increase over the previous year. Bookings grew 14% year-on-year, showing strong momentum in business development. With a utilization rate of 73.5% the firm ran at capacity, and it increased its workforce by 11% year-on-year to allow for further growth. Despite significant investments in people and the creation of new IP-based assets, growth was highly profitable with an operating income increase of 17% year over year. As a result, BearingPoint is set to reach its goal of one billion euros in revenues by 2020.