 Kevin Akeroyd |
Cision posted an 87 percent decline to $6M in Q3 losses from a year ago on an 11 percent boost in revenues to $117.2M.
CEO Kevin Akeroyd reports average pro-forma subscription customers moved ahead by 2.8 percent to 41,700, while revenue per subscriber inched up 1.2 percent to $11,200.
The number of customers buying services from Cision on a transactional basis fell 6.6 percent to 38,200. They spent $1,400 per quarter, which was up 5.4 percent.
Akeroyd called the performance "another solid quarter of financial results" as Cision continues its focus on focus on "delivering best-in-class products and services to our customers, executing our strategic and operational plans, and driving toward our long-term financial goals."
He highlighted Cision's 2.1 percent growth in organic revenues.
Cision for the nine-month period lost $12.9M (-85.4 percent from a year ago) and had $544M in revenues (up 17.7 percent).
Cash/cash equivalents are $84.2M vs. $148.6M in 2017.
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.
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.
