WATSON WYATT WORLDWIDE INC
			Symbol			WW

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Watson Wyatt Worldwide Reports Adjusted EPS of $0.84

2009-11-05 06:00 ET - News Release

ARLINGTON, Va. -- (Business Wire)

Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), a leading international human capital and financial management consulting firm, today announced financial results for the first quarter of fiscal year 2010, which ended September 30, 2009.

Revenues were $401.3 million for the quarter, a decrease of 6% (decrease of 1% constant currency) from the first quarter of fiscal 2009 revenues of $426.1 million. Net income for the first quarter of fiscal 2010 was $29.8 million, or $0.69 per diluted share. Net income for the quarter includes $8.4 million pretax, or $0.12 per diluted share, of transaction costs related to our pending merger with Towers Perrin, and $1.9 million pretax, or $0.03 per diluted share, of severance costs. Adjusted net income was $36.2 million, or $0.84 per diluted share. In the prior-year first quarter, net income was $35.2 million, or $0.82 per diluted share. When compared to prior-year first quarter exchange rates, the strengthening of the U.S. dollar had a negative impact of $0.05 on diluted earnings per share.

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