FTI Consulting's strategic communications revenue jumped 19.7% in the third quarter to $55.7M on the strength of M&A and public affairs work in North America and the EMEA region.
The Washington-based corporate services company said currency effects dampened even brighter Q3 figures as revenues climbed $12.4M or 26.7% excluding fluctuations. FTI said profitability increased in the segment on higher-priced project revenues and "improved staff leverage."
FTI counted 549 revenue-generating staffers in strategic communications at the end of the quarter.
Across FTI's five segments, revenue ticked up 1% to $544.5M as president and CEO Steven Gunby noted "persistent headwinds" in three of its core businesses -- economic consulting (-4.9% to $114.5M), technology (-10.9% to $55.6M), and forensic and litigation consulting (-4.6% to $116.2M) -- that have moved FTI to lower future guidance.
Net income for the quarter dropped from $22.5M in 2014 to $10.3M for Q3 2015.
FTI's performance beat forecasts for profit but fell short on revenue.
Strategic Communications Shines at FTI Despite 'Headwinds'
Thu., Oct. 29, 2015
By Greg Hazley
Category: Marketing Communications
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