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| Mark McCall |
FTI Consulting posted a 3.8 percent dip in Q2 strategic communications revenues to $56.8M, while operating income slipped 3.7 percent to $8.8M.
First-half revenues fell 1.2 percent to $115.3M and operating income declined 15.5 percent to $16.3M.
Mark McCall, stratcom group leader, said FTI's performance stacked up against a record-setting year-ago period and was made during the "extraordinarily challenging" business environment.
He told O'Dwyer's the stratcom unit has been realigning its business to provide clients the services that they need (restructuring, transactions, crisis, activism, ESG, and public affairs) especially during the pandemic.
The overall challenge is "finding ways to operate" during these uncertain times so FTI will be well-positioned for more robust growth in 2021 and 2022.
McCall said the stratcom division continues to invest in people as its headcount rose 13.2 percent to 761 employees from the 2019 period.
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.
