Accelerating its growth strategy as a leading technology-enabled solutions provider, Jacobs (NYSE:J) has taken a 65% stake in PA Consulting, a leading innovation and transformation consulting...
MSCI Changes Jacobs GICS® Code to Research and Consulting Services
Submitted by Jacobs on 10th Mar 2021.
The leading provider of critical decision support tools and services for the global investment community, has changed Jacobs’ Global Industry Classifications Standard (GICS®) code to Research & Consulting Services.
Since 2016 Jacobs has undergone a significant transformation, both organically and through M&A. The company divested its energy, chemicals and resources engineering and construction businesses and made significant investments in high value technical consulting capabilities through the acquisition of CH2M and several other strategic capability acquisitions (FNS, Van Dyke, Blue Canopy, KeyW and The Buffalo Group) in the areas of mission IT, cyber and intelligence, surveillance and reconnaissance (ISR) and data analytics. This was further enhanced recently by the majority investment in PA Consulting, a leading innovation and transformation consulting firm.
In recognition of Jacobs transformation to a technology-enabled solutions provider, MSCI Inc., the leading provider of critical decision support tools and services for the global investment community, has changed Jacobs’ Global Industry Classifications Standard (GICS®) code to 20202020 (Research & Consulting Services) effective February 26, 2021.
This sub-industry classification includes companies involved in management consulting services, architectural design, business information or scientific research, marketing, and testing and certification services.
Today we embrace a future of infinite possibilities that reflects who we are and where we are going. Our tagline - Challenging today. Reinventing tomorrow. - captures the shared passion, pride, and drive of our people as we work with our clients and partners to solve some of the world's biggest challenges. And as we do so, our values continue to drive our behaviors, relationships, and outcomes: We do things right. We challenge the accepted. We aim higher. We live inclusion.
About GICS Code Classifications
- In 1999, MSCI and S&P Dow Jones Indices developed the Global Industry Classification Standard (GICS), seeking to offer an efficient investment tool to capture the breadth, depth and evolution of industry sectors.
- GICS is a four-tiered, hierarchical industry classification system. Companies are classified quantitatively and qualitatively. Each company is assigned a single GICS classification at the sub-industry level according to its principal business activity. MSCI and S&P Dow Jones Indices use revenues as a key factor in determining a firm’s principal business activity.
Earnings and market perception, however, are also recognized as important and relevant information for classification purposes and are considered during the annual review process.