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Watson Wyatt Worldwide, Inc. (WW) Reports Third Quarter Earnings per Share of $0.96, up 26 Percent from Prior Year

Watson Wyatt Worldwide, Inc. (NYSE: WW), a leading international human capital and financial management consulting firm, recently announced financial results for the third quarter of fiscal year 2008, which ended March 31, 2008. Watson Wyatt Worldwide performed well during the third quarter, as the company continued to benefit from its global, diversified platform and reported earnings per share of $0.26, a 26 percent increase from the same period last year.

Revenues reached $457.5 million for the quarter, a year-over-year increase of 16 percent. Excluding the impact of acquisitions and changes in foreign exchange rates, revenues increased 6 percent from the third quarter of fiscal 2007. Revenues from the Benefits Group, which represents 59 percent of third-quarter revenues, were $268 million for the third quarter of fiscal 2008, an increase of 21 percent from $221 million in the prior-year third quarter.

The company reported strong third quarter Human Capital Group and Investment Consulting Group revenues of 19 percent and 26 percent, respectively. For fiscal year 2008, Watson Wyatt Worldwide expects total revenue to be in the range of $1.72 billion to $1.73 billion and earnings per diluted share for the year are expected to be in the range of $3.29 to $3.32.

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