When It's Time to Outsource
Mon, Jun. 20, 2022
By Dominic Rovano
How firms can retain quality talent and reduce costs in a competitive labor market.
| Category: Financial Management | Return to Latest News |
How firms can retain quality talent and reduce costs in a competitive labor market.
Ruder Finn has acquired Comunicad LLC, an Arlington, VA-based multicultural shop that has served clients such as Ford, Verizon, Telemundo, American Airlines, Freddie Mac, PepsiCo, AARP and Molson Coors.
Stagwell reported Q1 net revenues grew 24 percent to $527M, which CEO Mark Penn said was more than double the pace of legacy holding companies.
Interpublic CEO Philippe Krakowsky said Q1 net revenues rose 9.8 percent to $2.2B due to increases in business across a broad range of sectors and geographies. (Updated)
FTI Consulting registered 15.6 percent growth in Q1 PR revenues to $69.9M driven by strong demand for its corporate reputation services offering. (Updated)
WPP reported 8.1 percent growth to $3.2B in like-for-like revenues due to strong demand for its digital media, e-commerce, data and marketing technology offerings. (Updated)
Solomon McCown & Cence strategic communications shop and Murphy Donoghue Partners government relations firm have merged to form Issues Management Group in Boston.
Omnicom CEO John Wren reported a 0.5 percent dip in Q1 revenues to $3.4B and a 24.2 percent decline in operating profit to $353M.
When it’s time to evaluate whether or not a client is a good fit for you and your firm.
Publicis Groupe's Arthur Sadoun reported Q1 revenues jumped 17.1 percent to $3B, driven by a robust demand for its Publicis Sapient and Epsilon digital offerings.
Stagwell has acquired Dyversity Communications, a Canadian multicultural marketing shop based in Markham, which is just outside of Toronto.
Omnicom CEO John Wren, who hasn’t had a salary hike in 19 years, earned $20M in 2021 total compensation, which was up 79.3 percent from the year-earlier period.
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Teneo has acquired KPMG’s restructuring unit in Bermuda, a deal that bolsters its financial advisory operations to more than 350 staffers.
Stagwell Inc today reported Q4 revenues jumped 95.5 percent to $611.9M while full-year results improved 65.5 percent to $1.5B as the firm completed the integration of MDC Partners on Aug. 2.
WPP chief Mark Read reported a 12.1 percent jump in 2021 revenues to $13.8B due to a strong demand for digital marketing, media, e-commerce and technology services.
FTI Consulting registered a 15.5 percent jump in Q4 PR revenues to $69.9M and a 38.3 percent surge in operating income to $14.2M.
Changes in business during the pandemic, along with new government programs, have created many money-saving opportunities for public relations and marketing firms.
Interpublic posted a 15 percent jump in Q4 revenues to $2.9B as the firm helped clients adapt and enhance their businesses to meet the opportunities of the digital economy. (Updated)
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