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Financial Context 2.1 Growth Narrative ........................................................ 08 Striking a Growth Balance ......................................................... 08 Finding a Path Forward .............................................................. 09 2.2 Profitability Narrative ............................................... 09 Profitability Drives Activity .......................................................... 09 The Result of Rising Profitability ....................................... 10 2.3 Work Mix & Client Mix .............................................. 10 Prime vs. Subconsultant Work ................................................... 11 Public Sector vs. Private Sector ................................................. 12 Balancing Work & Client Work .................................................. 13 2.4 Section Summary ....................................................... 14
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