LONDON: Next Fifteen Communications group reported $113.7 million in revenue in fiscal year 2010 ending July 31, an 11% upswing from last year, aided by agency acquisitions.
With the report, the Group also announced the purchase of an 85% stake in The Blueshirt Group, a San Francisco-based financial communications company that focuses on the tech sector, for $11 million.
Adjusted pre-tax profits at the tech-focused communications holding company, which includes Bite Communications, Text 100 and The Outcast Agency (formerly Outcast Communications), were $10.3 million in 2010, a 26% spike from $8.2 million last year.
The numbers mark a recovery in earnings for the company, which saw a dramatic 41% dip in profits last year from 2008.
Current clients include IBM, Facebook, HP, Cisco and chipmaker AMD.
*All figures were converted to US dollars from British pounds using the XE currency converter.