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BearingPoint posts $16.56 million operating income for August
By Caroline Salls
Pittsburgh, Sept. 30 - BearingPoint, Inc. posted operating income of $16.56 million for August on $1.77 million in revenues, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
In comparison, the company reported a $10.74 million operating loss for July on $7.56 million in revenues.
The net loss for August was $4.69 million, down from the $1.99 million in net income posted for July.
BearingPoint had $60.23 million in cash and cash equivalents at Aug. 31, down from $77.36 million at the end of July.
BearingPoint, a McLean, Va.-based provider of management and technology consulting services, filed for bankruptcy on Feb. 18, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-10691.
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