 Paul Taaffe |
Huntsworth today reported 2017 revenues grew nine percent to $264M while pretax profit surged 52 percent to $36.7M.
CEO Paul Taaffe said the robust performance of the healthcare segment drove overall growth during the past year.
Huntsworth restructured healthcare, which generated 61 percent of overall revenues, into three divisions: medical, marketing and immersive.
The goal of the revamp is to provide investors a better understanding of Huntsworth's priorities and healthcare clients an easier access to multiple service offerings.
The remaining non-healthcare unit is the communications division composed of Grayling, Red and Citigate Dewe Rogerson PR/IR units. Revenues for the communications offering slipped 6.5 percent to 107.9M.
Though Huntsworth is primarily focused on healthcare, Taaffe said communications "remains an important part of the group."
He said the communications unit, which in 2017 marked the return of Grayling to the black ink column, charted "further good progress in reorganizing and right-sizing elements of the offering, leaving the division in a better position to compete and increase profitability in the coming years."
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
