ASGN is strongly positioned for continued growth and profitability. Our focus on IT services and solutions aligns with our clients’ ever-increasing needs for digital transformation, systems modernization, and critical IT infrastructure support.
Technology planning in 2021 has no status quo, only constant change. Reinventing flexibility is the number-one priority that companies cite in their workforce evolution strategies,1 and evolving digital tools and technologies are central to this effort.
The new possibilities made real by evolving technologies require a more dynamic workforce than ever before, one that can respond quickly to business cycles. Our shared-resources model is exactly this: It maximizes personnel utilization and enables required expertise to be deployed quickly when needed on a variable-cost basis. Many of our clients are quick to adopt and leverage new technologies as part of their strategy and depend on our flexible workforce to support these efforts.
Our consulting services and solutions help our clients achieve their ongoing digital transformation goals as we provide long-term project and personnel management for them. Our large talent pool means we can respond quickly and effectively to any challenge.
We’re stable. With our growing and diverse base of commercial industry and government agency clients, we have dependable revenues and we are increasingly immune to cyclical influences. Federal work is better insulated from economic uncertainty than commercial business, so this mix lowers our overall risk. In the commercial segment, the independent nature of much of our workforce means that a high percentage of our own costs are variable and can contract when required.
Financially, we continue to have a strong balance sheet and to generate solid free cash flow. This provides us with capital allocation options, such as acquisitions, stock buybacks, or debt repayment, without requiring additional leverage.
Our history of successfully integrating acquired companies and our commitment to sustainability initiatives make us the preferred acquirer. We will continue to seek out and target well-positioned, well-managed US companies that provide valuable complements to our current IT services and solutions offerings.
The strength of our leadership team can be seen in our low employee turnover and our continued strong results. The future is bright.
1 ©2021 Mercer Global Talent Trends Study