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| Mark McCall |
FTI Consulting's strategic communications group reported a six percent growth in Q2 revenues to $71.9M as it enjoyed solid gains in its core businesses and the North American region.
Mark McCall, who heads the stratcomm unit, told O'Dwyer's FTI's reputation, crisis, cyber and litigation segments posted upbeat performances.
The PR unit bolstered its headcount by 13.7 percent to 877 people to help handle the increased workload.
McCall said FTI's flagship offices in New York, Washington, London and Brussels beefed up staffs.
The PR unit's EBITDA slipped 15 percent to $11.5M due to the higher compensation outlays triggered by the upswing in business.
Overall, FTI posted a 6.1 percent revenue increase to $755M and an 18.2 percent decline in net income to $51.4M as revenue growth was offset by higher selling, general and administrative costs, and compensation expenses due to a 9.4 percent hike in billable headcount.
CEO Steven Gunby said the firm invested heavily during the quarter "to attract and support talented professionals to extend our global footprint and ensure we are able to continuously deliver on our client's ever-evolving needs."
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."
