WEST PALM BEACH, FL: FTI Consulting's strategic communications firm, FD reported a 7.3% increase in Q1 revenues for the period ending March 31, 2011 according to its earnings report released today.
FD boasted revenues of $46.4 million, up from $43.2 million in the first quarter of 2010. The company posted revenues of $50 million last quarter.
“Our first quarter signaled a good start to the year and an outstanding one in terms of execution of our strategy. While restructuring and bankruptcy remained soft, growth across our other businesses of 9.5 percent resulted in overall positive growth for the quarter and record revenues," said Jack Dunn, president and CEO of FTI Consulting in the report.
Company-wide, FTI Consulting reported record Q1 revenues of $361.8 million compared with $350 million year-on-year, an increase of over 3%. However, the West Palm Beach, FL, company suffered more than 8% revenue losses in its corporate finance/restructuring segment at $107.3 million, down from $117.5 million in the same period last year.