Company Research Report: Resources Connection, Inc. (RGP)

Company Overview

Name and Mission

Company Name: Resources Connection, Inc. (RGP)

Mission: Empowering enterprises to deliver their best work without constraints and drive business transformation using flexible engagement models in talent, consulting, and outsourcing.

Founding and Key People

Founded: 1996

Key People:

Kate W. Duchene, Chief Executive Officer

Bhadresh Patel, Chief Operating Officer

Jenn Ryu, Chief Financial Officer

Lauren Elkerson, Chief Legal Officer

Mairtini Ni Dhomhnaill, Founder of Countsy

Additional leadership includes encompasses Heads of various divisions such as Consulting, Technology, and Global Services.

Location and Employees

Headquarters: Dallas, Texas, USA

Number of Employees: 2,600+ skilled consultants

Financials

Revenue: $633 million in 2024

Other Financial Highlights:

8.1% Adjusted EBITDA Margin for Q4 FY24

38.9% Gross Margin for Q4 FY24

Market Position

Global Clients: Over 1,700, including 88% of the Fortune 100

Known For: Delivering consulting execution services that focus on operational needs and change initiatives via on-demand and diverse talent.

Products and Services

Product Offerings

On-Demand Talent: Delivers tailored engagement of specialized talent for projects and operational demands, providing the right expertise when needed.

Veracity Consulting: Provides business transformation services with a focus on digital and operational precision.

Countsy Outsourced Services: Offers back-office support for startups and spinouts, streamlining accounting and HR functions.

Key Features

On-Demand Talent: Empowers businesses to rapidly scale with tailored talent.

Veracity Consulting: Focuses on digital transformation and business precision.

Countsy Outsourced Services: Supports essential back-office functions for startups.

Recent Developments

Corporate Initiatives

RGP Recognized by Forbes as one of America's Best Management Consulting Firms in 2024.

Corporate Responsibility Initiatives Update: Focus on diversity, sustainability, learning, and development with over 11,910 hours dedicated to employee growth in FY24.

New Developments and Strategies

ServiceNow Expansion (2023): Focus on expanding service capabilities.

Reference Point Acquisition (2024): Strengthening consulting capacity and market reach.

New Features and Partnerships

Brand Identity and Strategy Overhaul: Launched to align with revamped market strategy.

Digital Transformation Initiatives: Ongoing initiatives focused on providing expert consulting for organizational change.

Sustainability and Social Responsibility

ESG Impact

Diversity and Inclusion: Notable proportions of workforce diversity, with women representing 55% of the workforce and 80% of C-Suite roles.

Environmental Sustainability: Initiated greenhouse gas (GHG) inventory in FY24, aiming to establish targets aligned with Science-based Targets Initiative (SBTi).

Cybersecurity: Implemented a risk-based approach for data security with ongoing employee training.

Conclusion

Resources Connection, Inc. (RGP) stands as a pioneering force in providing versatile professional services. With a multifaceted approach driven by talent and transformative solutions, RGP sustains its position as a crucial partner to enterprises worldwide by facilitating dynamic business solutions and contributing to sustainable corporate practices.