By Greg Hazley
FTI Consulting today said second quarter revenues rose 15 percent to $400.4M, including a 7.5% increase at its strategic communications unit, FD, to $53.6M.
Net income slipped to $16.9M from $25M a year earlier in Q2.
President and CEO Jack Dunn said the PR division “more than held its own” in the quarter, noting FTI’s economic consulting and technology units led Q2 growth with 46% and 33% increases.
FD was named the most active PR firm by M&A deal count in the first half of 2011 by mergermarket, working 122 transactions worth $84.8B. That was up from 101 in the first half of 2010.
Corporate finance/restructuring down slightly from Q2 2010, and forensic/litigation consulting, up 15.6%, round out FTI’s five main units.
For the six-month period, strategic communications posted just under $100M in revenue for FTI with 562 staffers, up from $93M and 561 staffers a year earlier.
|