By Greg Hazley
FTI Consulting, the business advisory company that owns FD, said today fourth quarter 2010 revenue rose nearly four percent to $356.2M while its strategic communications business jumped 10.2% to $49.9M.
The company said its PR business was lifted by the Americas and Asia-Pacific, offsetting a small decline in the U.K.
President and CEO Jack Dunn said Q4 continued a positive momentum felt in Q3 as gains in technology and forensic/litigation consulting offset declines in its restructuring operations.
For the year 2010, revenues were essentially flat at $1.4B while profit was halved to $71.9M from $143M in 2009. Strategic Communications for the year hit $193M, up from $180M in 2009.
The company previously said it took a $21.8M charge to consolidate its operating units under the FTI Consulting brand.
The company has $385 million in cash.
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