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Richard Edelman reports the No. 1 independent firm posted an 8.4 percent rise in global revenues to $833M for the fiscal 2015 year ended June compared to the 2014 period.
Edelman grew nine percent to $504.7M in the US and 7.5 percent to $328.3M overseas.
Organic revenue increased by 8.5 percent, acquisition revenue rose 2.7 percent and fluctuating exchange rates decreased revenue by 2.8 percent.
Asia-Pacific/Africa/Middle East enjoyed the fastest rise in organic growth (14.8 percent) while Canada grew 12.8 percent, Latin America advanced 12.7 percent and Europe/UK jumped 6.1 percent.
Digital accounts for 20 percent of worldwide revenue.
DJE Holdings, parent of Edelman and Zeno, launches RUTH as an independent shop named after Ruth Edelman, mental health advocate, wife and longtime business partner of Dan Edelman.
New York City PR firms make up the largest slice of O'Dwyer's 147 firm overall ranking with 33 of 40 in the New York/New Jersey area either calling Manhattan their home or having a presence there.
Subject Matter+Kivvit, which joined forces in May, has rebranded as Avoq, an integrated shop with more than 200 professionals in Washington, New York, Asbury Park (NJ), Miami and Chicago.
While PR pros stationed at in-house comms. teams and those working for agencies share many of the same objectives, they also have markedly different top priorities, according to a recent report.
Edelman is cutting 240 employees or about four percent of its workforce to cope with the cooling down of the PR sector, according to a memo from CEO Richard Edelman.
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