8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 10, 2008

Diamond Management & Technology Consultants, Inc.

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation) 000-22125
(Commission File Number) 36-4069408
(IRS Employer Identification Number)

John Hancock Center
875 North Michigan Avenue, Suite 3000
Chicago, Illinois 60611
(Address of principal executive offices)

312-255-5000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

The registrant issued a press release on July 10, 2008 announcing selected preliminary financial results for its first fiscal quarter ended June 30, 2008 and also provided revenue guidance for its second fiscal quarter ended September 30, 2008. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit 99.1 — Press release dated July 10, 2008.

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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Diamond Management & Technology Consultants, Inc.
By:	/s/ Karl E. Bupp
	Karl E. Bupp
	Chief Financial Officer

July 10, 2008

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EX-99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

Investor contact:
Margaret Boyce
(312) 255-5784
margaret.boyce@diamondconsultants.com

Media contact:
David Moon
(312) 255-4560
david.moon@diamondconsultants.com

DIAMOND MANAGEMENT & TECHNOLOGY CONSULTANTS, INC.
ANNOUNCES PRELIMINARY FIRST QUARTER
FISCAL YEAR 2009 RESULTS

CHICAGO, July 10, 2008 —Diamond Management & Technology Consultants, Inc. (Nasdaq: DTPI), a premier global management and technology consulting firm, today announced preliminary financial results for its first quarter of fiscal year 2009 (ended June 30, 2008).

The Company currently expects first quarter net revenue to be in the range of $38.2 million to $38.8 million and GAAP earnings per diluted share of $0.02 to $0.03, including the reversal of an international tax valuation allowance in the amount of $1.5 million, which provided a benefit of $0.05 per diluted share. The Company’s previous guidance for the first quarter was for net revenue in the range of $36 million to $38 million and GAAP earnings (loss) per diluted share in the range of ($0.03) to ($0.08). If the reversal of the international tax valuation allowance had been included in previous guidance, guidance for GAAP earnings (loss) per diluted share would have been in the range of ($0.03) to $0.02. In addition, the Company expects second quarter net revenue to be flat to up $2 million versus the June quarter. First quarter preliminary results are subject to change based on the completion of the Company’s normal quarter-end review process.

“We are pleased to report first quarter results above our previous guidance and, as importantly, to have visibility into an improving second quarter,” said Adam Gutstein, President and CEO of Diamond. “Our clients have accepted the fact that the economic environment is a difficult one, but they also recognize the need to improve their business is even more important today than it was yesterday. This is where Diamond can help.”

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Diamond will report its full first quarter results of fiscal year 2009 before markets open on Thursday, August 7, 2008. Diamond will host a conference call following the announcement to discuss the results. The conference call will take place on Thursday, August 7, 2008 at 8:00 AM CT (9:00 AM ET). The dial-in number for the call is 800-926-4481 for North American callers and 212-231-2900 for international callers.

About Diamond

Diamond is a management and technology consulting firm. Recognizing that information and technology shape market dynamics, Diamond’s small teams of experts work across functional and organizational boundaries to improve growth and profitability. Since the greatest value in a strategy, and its highest risk, resides in its implementation, Diamond also provides proven execution capabilities. We deliver three critical elements to every project: fact-based objectivity, spirited collaboration, and sustainable results. Diamond is headquartered in Chicago, with offices in New York, Washington, D.C., Hartford, London and Mumbai. Diamond is publicly traded on the Nasdaq Global Select Market under the symbol “DTPI.” To learn more, visit www.diamondconsultants.com.

Forward-Looking Statements

Statements in this press release that do not involve strictly historical or factual matters are forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws. Forward-looking statements involve estimates, projections, assumptions, risks and uncertainties and speak only as of the date of this release based on information available to the Company as of the date of this release, and the Company assumes no obligation to update any forward-looking statements. Actual results may differ materially from the results projected in any forward-looking statement. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially, please refer to the risks and uncertainties identified in our filings with the SEC.

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