 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.
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."
