Arthur Andersen, SC reports 21% gain in revenues to a record $8.1 billion; World's leading professional services firm announces name change.

NEW YORK--(BUSINESS WIRE)--Oct. 25, 1995-- Record Financial results for Arthur Andersen and Andersen Consulting for the fiscal year ended Aug. 31, 1995 were announced today by Arthur Andersen & Co., SC, their worldwide coordinating entity.

Revenues at Andersen Consulting rose 24 percent to $4.0 billion from $3.2 billion in 1994. Arthur Andersen posted an 18 percent gain to $4.1 billion from $3.5 billion. Combined worldwide revenues totaled $8.1 billion, a 21 percent gain over $6.7 billion the prior year.

``Our global businesses benefited from the overall strength of economies around the world,'' said Lawrence A. Weinbach, managing partner-chief executive of Arthur Andersen & Co., SC. ``But economic conditions alone cannot produce the kinds of results turned in by our two business units,'' he added. ``The outstanding performance of Arthur Andersen and Andersen Consulting reflects their ability to consistently provide value to their clients in a continually evolving global marketplace. Their responsiveness to change is reflected in the growth of Andersen Consulting's business integration practice, and the many new financial, tax and operational services provided by Arthur Andersen.''

The results were announced to the more than 2,000 partners attending the organization's global annual partners meeting held this year in Chicago. Plans to change the organization's name to ``Andersen Worldwide'' from ``Arthur Andersen & Co., SC,'' subject to ratification by its partners, also were announced. ``Andersen Consulting and Arthur Andersen have established strong reputations in their respective markets, and they continue to broaden their geographic reach,'' Weinbach stated. ``This new name eliminates confusion between the name for our global coordinating body and the `Arthur Andersen' brand, while underscoring our position as the world's premier professional services organization. Above all, it reflects the changes our organization has experienced, our continuing adaptability and our unrelenting focus on the marketplace.''

                  ARTHUR ANDERSEN & CO., SC
               FINANCIAL AND OPERATING HIGHLIGHTS
                   (Fiscal Years Ended Aug. 31)

              WORLDWIDE REVENUES BY GEOGRAPHIC AREA
                        ($ Billions)

                1994            1995             Percent Change

 Americas     $ 3.7           $ 4.3                   17
 Europe,
  Middle East,
  India and
  Africa        2.2             2.8                   25
 Asia/
  Pacific        .8             1.0                   28
              -----           -----                  ---
TOTAL         $ 6.7           $ 8.1                   21

                       WORLDWIDE OPERATING DATA

                1994            1995                Percent Change

Number of
 offices        358             361                     1
Number of
 countries       74              76                     3
Number of SC
 partners      2,517          2,563                     2
Total
 Personnel(A) 72,722         82,121                    13

                 U.S. FINANCIAL AND OPERATING DATA

                1994            1995                Percent Change

Revenues
 ($ buillions) $ 3.3          $  3.9                   16.4
Number of
 SC partners   1,371           1,389                    1.3
Total
 personnel(A) 30,912          35,015                   13.3

   NOTE: (A) Includes SC partners.

CONTACT: Arthur Andersen

Robert Hubbell, 312-607-9608 or 212-708-6530