"Eileen is extremely well placed to lead BearingPoint's financial organization through what we view to be a significant phase in our business and corporate life cycle," said Harbach. "She is well regarded by Wall Street and the investment community for her straight-ahead, efficient style of management and has a proven track record of engineering dramatic improvements in financial performance that will assist in our drive to boost operational margins.

"Eileen is very familiar with the service business model and what it takes to operate competitively on a global scale," Harbach continued. "There is no question that as we move swiftly on our plans to build a stronger organization that Eileen's financial acumen, experience and ability to execute will be key contributors."

During her tenure at Heidrick & Struggles, Kamerick played an integral role in the development and execution of operational and financial strategies, all of which resulted in dramatic revenue and margin growth. Kamerick also successfully transformed company cost structure as EVP and CFO of BCOM3 Group, Inc., a media holding company with operations in more than 90 countries. Previously, Kamerick held CFO positions at United Stationers, Inc. and BP Amoco Americas. Kamerick holds a Bachelor of Arts from Boston College, a Juris Doctor from the University of Chicago and a Masters in Business Administration from the Graduate School of Business at the University of Chicago.

Kamerick added, "I am excited to join BearingPoint. This was an opportunity I just couldn't pass up and I am thrilled to lead a team focused on designing financial strategies that will lead the company toward profitable growth. Innovation and commitment to client service--the hallmarks of a great company--suggest a bright future for BearingPoint."

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: BearingPoint, Inc.

BearingPoint, Inc.
Aaron Bedy, 404-538-5289
aaron.bedy@bearingpoint.com

"With increases in other critical metrics like utilization and bookings, which increased year-over-year for the first time in five quarters, BearingPoint has made notable strides in its effort to turn the corner financially, underscoring that our efforts to increase operational profitability are working," Harbach continued. "Further, net revenue remained flat, signaling our ability to maintain our revenue base even as we streamline our business and tightening our focus in targeted areas.

"We remain committed to focusing on delivering differentiated solutions in target markets where we can win and be profitable, motivating and developing our world-class employee base, improving our operational excellence and managing costs," continued Harbach. "We believe these efforts will lead to continued long-term improvement in our financial condition and overall growth."

First-Quarter 2008 Financial Results

-- Gross revenue was $830 million in the first quarter compared to $866.3 million in the first quarter of 2007, a decrease of 4.2 percent.

-- Net revenue (gross revenue less other direct contract expenses) was $671.7 million in the first quarter compared to $670.4 million in the first quarter of 2007, an increase of .2 percent.

-- Gross profit was $152.7 million in the first quarter compared to $132.1 million in the first quarter of 2007, resulting in a gross margin (gross profit as a percentage of revenue) of 18.4 percent in the first quarter, compared to 15.2 percent in the first quarter of 2007.

-- Selling, general and administrative (SG&A) expense was $142.7 million in the first quarter, a $34.5 million and 19.5 percent decrease from $177.2 million in the first quarter of 2007. This improvement was primarily due to lower costs related to the closing of the Company's financial statements and internal control remediation.

-- Operating income increased by 122.1 percent to $10.0 million in the first quarter compared to an operating loss of $45.2 million in the first quarter of 2007, marking the first operating profit in seven quarters.

-- Net loss in the first quarter was the lowest it has been in seven quarters at $23.2 million compared to a loss of $61.7 million in the first quarter of 2007. Loss per share basic and diluted was $0.10 in the first quarter compared to $0.29 in the first quarter of 2007.

-- Cash balance was $413.4 million on March 31, 2008 compared to $248.8 million on March 31, 2007.

-- In the first quarter of 2008, BearingPoint won business with the following customers: the Korea East West Power Company, Dyno Nobel Canada, Total SA, The U.S. Navy Program Executive Office for Enterprise Information Systems, The Department of Homeland Security, the U.S. Army Medical Research and Materiel Command, the City of Toronto, the City University of New York, Toyota Tsusho, a large Japanese trading company, and IHI Corporation, a diversified manufacturing company.

First Quarter 2008 Metrics

-- Bookings were $745.4 million compared to $709.5 million in the first quarter of 2007, an increase of 5.1 percent year-over-year.

-- DSO was 85 days at March 31, 2008 compared to 91 days at March 31, 2007.

-- Utilization was 77.8 percent compared to 76.6 percent for the first quarter of 2007, an increase of 120 basis points.

-- Billable headcount was approximately 13,800 compared to approximately 15,200 for the first quarter of 2007.

-- Voluntary attrition was 26.3 percent compared to 23.7 percent for the first quarter of 2007.

"Our bookings for the first quarter were amongst the highest they've been in seven quarters and we have reduced DSOs each and every quarter on a year-over-year basis, for the past 12 quarters. Continuing these improvements is critical to our ability to generate positive free cash flow," said Harbach.

2008 Business Outlook

BearingPoint revised its estimates for 2008 indicating that its results for the year would likely include:

-- Flat net revenue growth

-- SG&A expense in the range of $580 to $585 million

-- Net loss of approximately $70 million

-- Year-end cash and cash equivalents in the vicinity of $500 million

-- Free-cash flow of approximately $30 million

"We have made a great deal of progress in re-focusing our North American Commercial Services and Financial Services practices but, frankly, more work is needed if we are to be able to meet and exceed today's revised estimates," said Harbach. "We are working tirelessly in our efforts to accelerate our business turnaround, but our 2008 results will depend, in large part, on how quickly we can complete that turnaround as well as on the continued success of our Public Service practice. Like many global companies, currency fluctuations and global economic and business conditions will continue to play a significant role in our ultimate results for the year."

BearingPoint also noted that it is currently considering certain actions with respect to outstanding Performance Share Units previously granted to its employees. BearingPoint indicated that, if such actions are taken, the Company could incur significant additional non-cash, stock compensation expense in 2008 that is not currently reflected in the revised outlook it has provided.

Segment and Region Results (in thousands)

                                  Three Months Ended March 31
                         ---------------------------------------------
                                 2008                   2007
                         ---------------------  ---------------------
                                    Operating              Operating
                         Revenue  Income (Loss) Revenue  Income (Loss)
                         -------- ------------- -------- -------------
Public Services          $340,098 $     67,956  $361,693 $     64,960
Commercial Services       112,431       14,077   136,282       20,827
Financial Services         49,384        1,223    72,205        3,898
EMEA                      210,634       34,717   188,805       36,029
Asia Pacific               89,266       21,831    83,155       11,541
Latin America              27,692        3,708    22,266       (4,255)
Corporate/Other               515     (133,522)    1,846     (178,184)
                         -------- ------------- -------- -------------
Total                    $830,020 $      9,990  $866,252 $    (45,184)
                         ======== ============= ======== =============

Conference Call

BearingPoint will host a teleconference call and an audio cast beginning at 5 p.m. E.T. on Monday, May 12. To listen via telephone, please dial 1 (800) 399-6696 (+1 (706) 679-7614 outside the United States, Puerto Rico and Canada) approximately 15 minutes before the scheduled start of the call. The audio cast will be available on the Investor Relations section of the BearingPoint Web site at www.bearingpoint.com.

Approximately two hours after the end of the meeting, a replay will be available online at www.bearingpoint.com and via telephone by dialing +1 (800) 642-1687 (+1 (706) 645-9291 outside the United States, Puerto Rico and Canada) and entering conference code 42664440 from 7 p.m. E.T. on May 12 through 11:59 p.m. E.T. on May 26.

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.

Forward-Looking Statements

This release contains forward-looking statements. Words such as "may," "will," "could," "would," "should," "anticipate," "continue," "expects," "intends," "plans," "believes," "in the Company's view" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and, as such, are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and could materially and adversely affect the Company's financial condition and results of operations. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The Company's operations, financial condition and outlook are subject to various risks. For information regarding these risks, please refer to the risk factors included in Item 1A, "Risk Factors" to the Company's Annual Report on Form 10-K for the year ended December 31, 2007, and in its quarterly reports on Form 10-Q for its 2008 quarterly periods, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov. These risks include, but are not limited to the Company's ability to: meet client demands; maintain billing and utilization rates and control costs; successfully implement its new North American financial system; significantly reduce selling, general and administrative expenses; minimize cost overruns relating to its services; meet expected near-term cash needs, and generate sufficient positive cash flow from operating activities, including to meet its obligations under its debentures (including the repurchase of $200.0 million of its debentures as early as April 2009); manage legal liabilities and damage to our professional reputation from claims made against our work; post cash collateral to support obligations under its credit facility or surety bonds if so required; obtain new surety bonds, letters of credit or bank guarantees in support of client engagements; file timely SEC periodic reports; and avoid potential delisting from the New York Stock Exchange.

Financial and Operational Notes

We believe that it is useful to monitor net revenue because it represents the actual amount paid by our clients for the services we provide, as opposed to services provided by others and ancillary costs and expenses. Net revenue is a non-GAAP financial measure. The most directly comparable financial measure in accordance with GAAP is revenue. Net revenue is derived by reducing the components of revenue that consist of other direct contract expenses, which are costs that are directly attributable to client engagements. These costs include items such as computer hardware and software, travel expenses for professional personnel and costs associated with subcontractors. Gross revenue for Q1 2008 is $830 million. Other direct contract expenses are $158 million. When other direct contact expenses are subtracted from gross revenue of $830 million, the result is $672 million, which is net revenue.

We believe that free cash flow is a useful measure because it allows better understanding and assessment of our ability to meet debt service requirements and the amount of recurring cash generated from operations after expenditures for fixed assets. Free cash flow does not represent our residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. We use free cash flow as a measure of recurring operating cash flow. Free cash flow is a non-GAAP financial measure. The most directly comparable financial measure calculated in accordance with GAAP is net cash provided by operating activities. Free cash flow is calculated by subtracting purchases of property and equipment from cash provided by operating activities.

We believe that information regarding our new contract bookings provides useful trend information regarding how the volume of our new business changes over time. Comparing the amount of new contract bookings and revenue provides us with an additional measure of the short-term sustainability of revenue growth. Information regarding our new bookings should not be compared to, or substituted for, an analysis of our revenue over time. There are no third-party standards or requirements governing the calculation of bookings. New contract bookings are recorded using then existing currency exchange rates and are not subsequently adjusted for currency fluctuations. These amounts represent our estimate at contract signing of the net revenue expected over the term of that contract and involve estimates and judgments regarding new contracts as well as renewals, extensions and additions to existing contracts. Subsequent cancellations, extensions and other matters may affect the amount of bookings previously reported; however, we do not revise previously reported bookings. Bookings do not include potential revenue that could be earned from a client relationship as a result of future expansion of service offerings to that client, nor does it reflect option years under contracts that are subject to client discretion. We do not record unfunded U.S. Federal contracts as new contract bookings while appropriation approvals remain pending as there can be no assurances that these approvals will be forthcoming in the near future, if at all. Consequently, there can be significant differences between the time of contract signing and new contract booking recognition. Our level of bookings provides an indication of how our business is performing: a positive variance between bookings and revenue is indicative of business momentum, a negative variance is indicative of a business downturn. Nonetheless, we do not characterize our bookings, or our engagement contracts associated with new bookings, as backlog because our engagements generally can be cancelled or terminated on short notice or without notice.

Utilization represents the percentage of time our consultants are performing work, and is defined as total hours charged to client engagements or to non-chargeable client-relationship projects divided by total available hours for any specific time period, net of holiday and paid vacation hours.

                          BEARINGPOINT, INC.
                CONSOLIDATED STATEMENTS OF OPERATIONS
          (in thousands, except share and per share amounts)
                             (unaudited)

                                               Three Months Ended
                                                    March 31,
                                           ---------------------------
                                               2008          2007
                                           ------------- -------------

Revenue                                    $    830,020  $    866,252
                                           ------------- -------------
Costs of service:
  Professional compensation                     453,697       474,609
  Other direct contract expenses                158,277       195,877
  Lease and facilities restructuring
   credits                                       (6,052)       (4,887)
  Other costs of service                         71,359        68,593
                                           ------------- -------------
    Total costs of service                      677,281       734,192
                                           ------------- -------------
Gross profit                                    152,739       132,060
     Selling, general and administrative
      expenses                                  142,749       177,244
                                           ------------- -------------
Operating income (loss)                           9,990       (45,184)
     Interest income                              2,513         1,752
     Interest expense                           (16,069)      (10,869)
     Other (expense) income, net                 (2,331)           95
                                           ------------- -------------
Loss before taxes                                (5,897)      (54,206)
     Income tax expense                          17,292         7,500
                                           ------------- -------------
Net loss                                   $    (23,189) $    (61,706)
                                           ============= =============
  Loss per share -- basic and diluted      $      (0.10) $      (0.29)
  Weighted average shares -- basic and
   diluted                                  222,351,767   214,372,953

                          BEARINGPOINT, INC.
                     CONSOLIDATED BALANCE SHEETS
          (in thousands, except share and per share amounts)

                                              March 31,
                                                 2008     December 31,
                                             (unaudited)      2007
                                             ------------ ------------
ASSETS
Current assets:
  Cash and cash equivalents                  $   409,460  $   466,815
  Restricted cash                                  3,943        1,703
  Accounts receivable, net of allowances of
   $6,035 at March 31, 2008 and $5,980 at
   December 31, 2007                             362,882      356,178
  Unbilled revenue                               348,707      319,132
  Income tax receivable                           12,846        8,869
  Deferred income taxes                           14,322       11,521
  Prepaid expenses                                33,628       36,500
  Other current assets                            43,931       38,122
                                             ------------ ------------
    Total current assets                       1,229,719    1,238,840
Property and equipment, net                      111,305      113,771
Goodwill                                         528,230      494,656
Deferred income taxes, less current portion       17,988       25,179
Other assets                                     117,796      108,958
                                             ------------ ------------
    Total assets                             $ 2,005,038  $ 1,981,404
                                             ============ ============
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
  Current portion of notes payable           $     5,310  $     3,700
  Accounts payable                               202,041      215,999
  Accrued payroll and employee benefits          379,276      368,208
  Deferred revenue                                97,446      115,961
  Income tax payable                              41,095       58,304
  Current portion of accrued lease and
   facilities charges                             17,326       17,618
  Deferred income taxes                           13,336       15,022
  Accrued legal settlements                       23,860        8,716
  Other current liabilities                      110,007      108,364
                                             ------------ ------------
    Total current liabilities                    889,697      911,892
Notes payable, less current portion              971,899      970,943
Accrued employee benefits                        129,020      118,235
Accrued lease and facilities charges, less
 current portion                                  37,933       48,066
Deferred income taxes, less current portion       11,922        9,581
Income tax reserve                               248,334      242,308
Other liabilities                                148,041      149,668
                                             ------------ ------------
    Total liabilities                          2,436,846    2,450,693
                                             ------------ ------------
Commitments and contingencies (note 8)
Stockholders' deficit:
  Preferred stock, $.01 par value 10,000,000
   shares authorized                                  --           --
  Common stock, $.01 par value 1,000,000,000
   shares authorized, 222,707,204 shares
   issued and 217,907,212 shares outstanding
   on March 31, 2008 and 219,890,126 shares
   issued and 215,156,077 shares outstanding
   on December 31, 2007                            2,214        2,186
  Additional paid-in capital                   1,459,650    1,438,369
  Accumulated deficit                         (2,203,767)  (2,180,578)
  Accumulated other comprehensive income         348,334      308,857
  Treasury stock, at cost (4,799,992 shares
   on March 31, 2008 and 4,734,049 shares on
   December 31, 2007)                            (38,239)     (38,123)
                                             ------------ ------------
    Total stockholders' deficit                 (431,808)    (469,289)
                                             ------------ ------------
    Total liabilities and stockholders'
     deficit                                 $ 2,005,038  $ 1,981,404
                                             ============ ============

                          BEARINGPOINT, INC.
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (in thousands)
                             (unaudited)

                                                   Three Months Ended
                                                       March 31,
                                                    2008       2007
                                                  --------- ----------
Cash flows from operating activities:
  Net loss                                        $(23,189) $ (61,706)
  Adjustments to reconcile net loss to net cash
   used in operating activities:
      Provision for deferred income taxes            5,214      7,127
      (Benefit) provision for doubtful accounts     (1,000)     1,352
      Stock-based compensation                      21,309     16,230
      Depreciation and amortization of property
       and equipment                                12,426     17,896
      Lease and facilities restructuring credits    (6,052)    (4,887)
      (Gain) loss on disposal and impairment of
       assets                                          (23)       106
      Amortization of debt issuance costs and
       debt accretion                                2,993      2,844
      Other                                          3,342       (518)
  Changes in assets and liabilities:
      Accounts receivable                            5,753     20,285
      Unbilled revenue                             (24,715)   (89,713)
      Income tax receivable, prepaid expenses and
       other current assets                         (4,682)    33,711
      Other assets                                  (8,484)    (7,657)
      Accounts payable                             (17,140)   (43,781)
      Income tax payable, accrued legal
       settlements and other current liabilities   (10,596)   (56,802)
      Accrued payroll and employee benefits          1,396     37,854
      Deferred revenue                             (18,687)   (10,849)
      Income tax reserve and other liabilities         (93)     1,662
                                                  --------- ----------
        Net cash used in operating activities      (62,228)  (136,846)
                                                  --------- ----------
Cash flows from investing activities:
    Purchases of property and equipment             (8,428)   (12,319)
    Increase in restricted cash                     (2,239)      (191)
                                                  --------- ----------
        Net cash used in investing activities      (10,667)   (12,510)
                                                  --------- ----------
Cash flows from financing activities:
    Proceeds from issuance of common stock               1          -
    Treasury stock through net share delivery          (92)         -
    Net proceeds from issuance of notes payable      2,141          -
    Repayments of notes payable                       (750)      (360)
    Increase in book overdrafts                        884      4,191
                                                  --------- ----------
        Net cash provided by financing activities    2,184      3,831
                                                  --------- ----------
Effect of exchange rate changes on cash and cash
 equivalents                                        13,356      1,433
                                                  --------- ----------
Net decrease in cash and cash equivalents          (57,355)  (144,092)
Cash and cash equivalents -- beginning of period   466,815    389,571
                                                  --------- ----------
Cash and cash equivalents -- end of period        $409,460  $ 245,479
                                                  ========= ==========

                                                   Three Months Ended
                                                       March 31,
                                                  --------------------
                                                    2008       2007
                                                  --------- ----------
Gross Profit
Public Services                                   $ 76,071  $ 71,005
Commercial Services                                 19,322    25,980
Financial Services                                   5,736     8,265
EMEA                                                40,065    41,869
Asia Pacific                                        24,918    13,996
Latin America                                        4,656    (2,786)
Corporate/Other                                    (18,029)  (26,269)
                                                  --------- ----------
Total                                             $152,739  $132,060
                                                  ========= ==========



                                                   Three Months Ended
                                                       March 31,
                                                  --------------------
                                                    2008       2007
                                                  --------- ----------
Gross Profit as a % of revenue
Public Services                                       22.4%     19.6%
Commercial Services                                   17.2%     19.1%
Financial Services                                    11.6%     11.4%
EMEA                                                  19.0%     22.2%
Asia Pacific                                          27.9%     16.8%
Latin America                                         16.8%    (12.5%)
Corporate/Other                                        n/m       n/m
Total                                                 18.4%     15.2%

SOURCE: BearingPoint

BearingPoint
For Media
Aaron Bedy
Global Communications
404-538-5289
aaron.bedy@bearingpoint.com
or
For Investors
Denise Stone
Investor Relations
973-214-9953
denise.stone@bearingpoint.com

To address this need, JR East decided to deploy SAP ERP HCM and establish a new system to integrate its human resource-related systems. BearingPoint helped JR East merge the employee master data from its existing systems, build a new human resource portal for relevant departments to share data, and improve the Web service menus used by managers and regular employees to view and update information. This project involved completely replacing the existing dedicated human capital management terminals. Now, approximately 62,000 employees, including employees located at affiliated companies, use the new system, which is now one of the largest SAP ERP user bases in the Asia-Pacific region.

To establish the new system, JR East looked to BearingPoint for its experience and achievements in installing human resource information systems and providing business process redesign consulting. BearingPoint collaborated with JR East Japan Information Systems Company to develop the basic concept, define the system requirements, and design and develop the system. The two companies also worked together to provide support for smooth and stable operations, and conduct change management. On the advice of BearingPoint, JR East selected SAP ERP HCM because SAP and its products rate highly for reliability, functionality and technological superiority. JR East also took into account the compatibility of its current human resource processes and IT environment.

BearingPoint won the 2008 SAP Award of Excellence presented by SAP Japan in the category "Project Award", which recognizes project impact and innovation. The award for was given to BearingPoint for the new SAP ERP HCM-based system implemented at JR East, a project in which BearingPoint completed one of the Asia-Pacific region's largest SAP ERP HCM-based systems.

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: BearingPoint, Inc.

BearingPoint, Inc.
Aaron Bedy, 404-538-5289
aaron.bedy@bearingpoint.com

Cyclical slowing in key client verticals or an appreciation in the U.S. dollar may stretch the company's turnaround over two years as revenue softens over the next 12 months, Citi added. This is a year more than previously anticipated and may require a change in the firm's estimates for BearingPoint, Citi said.

Citigroup lowered its price target for the company to $2.25 from $3.20.

BearingPoint shares closed at $1.86 on Monday. Christie Rizk cr/pc

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