FCG reports 1Q FY05 financials

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First Consulting Group's net revenues of $68.1 million in the first quarter of FY04 ending April 1 were slightly higher that year-ago quarter revenues, but "disappointingly" lower than prior quarter revenues of $72.0 million.
           
Revenues increased 4.3 percent to $68.1 million, compared with $65.4 million in the first quarter of 2004. The company also reported a net loss of $0.8 million, compared with a net loss of $0.5 million in the first quarter of FY04.
           
FCG said revenues slipped 5.4 percent from $72.0 million in the prior quarter. The decrease in revenues compared to the fourth quarter was primarily due to lower than expected revenues in Health Delivery Services, FCG said.