CRA International, Inc., which conducts business as Charles River Associates CRAI, reported better-than-expected second-quarter fiscal 2022 results. CRAI did not raise its revenue guidance despite strong demand for consulting services. This might have failed to impress investors as the stock plunged 9.8% since the earnings release on Aug 4.Non-GAAP EPS (excluding 1 cent from non-recurring items) came in at $1.58, which beat the Zacks Consensus Estimate by 25.4% and increased 3.3% year over year. Revenues of $149.1 million surpassed the consensus mark by 0.3% and increased nearly 1% year over year.Other Quarterly DetailsCharles River delivered 77% utilization, while headcount was up by 3.6% year over year. Non-GAAP EBITDA increased 3% year over year to $19.8 million. Non-GAAP EBITDA margin expanded 30 basis points year over year to 13.3%.CRAI exited the quarter with $15.6 million cash compared with $43.7 million witnessed at the end of the prior quarter. Charles River used cash worth $17 million in operating activities while capex was $7.21 billion. In the quarter, CRAI paid out $2.25 million of dividends and repurchased shares worth $17.7 million.2022 GuidanceFor 2022, on a constant-currency basis relative to 2021, Charles River reaffirmed its previous revenue guidance between $585 million and $605 million. Charles River Associates Price, Consensus and EPS Surprise Charles River Associates price-consensus-eps-surprise-chart | Charles River Associates QuoteCRAI raised its view for non-GAAP EBITDA margin, which is now expected in the range of 11.3-12% compared with the prior expectation of 10.8-11.5%. Currently, Charles River carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Performances of Some Other Business Services CompaniesEquifax EFX reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.IQVIA Holdings IQV reported solid second-quarter 2022 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.Omnicom Group OMC reported impressive second-quarter 2022 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Charles River Associates (CRAI): Free Stock Analysis Report Omnicom Group Inc. (OMC): Free Stock Analysis Report Equifax, Inc. (EFX): Free Stock Analysis Report IQVIA Holdings Inc. (IQV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research