 |
| 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."
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Have a comment? Send it to 
No comments have been submitted for this story yet.