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| Mark McCall |
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.
Excluding pass-throughs, the PR segment chalked up 5.4 percent growth due to higher demand for corporate reputation services.
Mark McCall, who heads the stratcom operation, said the unit posted strong growth in first-half revenues and profits “as clients turned to us to navigate an environment marked by geopolitical uncertainty, transactions and headline crises.”
During H1, FTI enjoyed a 7.1 percent rise in PR revenues to $202M and a 15.8 percent surge in gross profit.
That solid performance, according to McCall “reflects multi-year investments in cybersecurity, activism, public affairs, digital and deep sector expertise.”
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H 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.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
