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Business Description
Hewitt Associates, Inc. is a global provider of human resources outsourcing and consulting services. The Company's outsourcing business is comprised of three core benefits administration services, new payroll administration service and workforce management solution. In this segment, Hewitt applies its human resources expertise and employ its integrated technology systems to administer its clients' human resources programs: benefits, payroll and workforce management. Through its consulting business, Hewitt provides an array of consulting and actuarial services covering the design, implementation, communication and operation of health and welfare, compensation and retirement plans and broader human resources programs and processes. In addition, the Company uses the information and data it collects and analyzes through its outsourcing services to develop consulting approaches that are effective and provide value to its clients.

Financial Information
For the fiscal year ended 9/30/04, revenues rose 11% to $2.26 billion. Net income rose 30% to $122.8 million. Results reflect acquisitions, favorable currency translation, decreased interest expense and increased other income.