 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."
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
