WEST PALM BEACH, FL: FD, the strategic communications group within FTI Consulting, reported revenues of $43.2 million for the first quarter 2010, a 1.0% increase compared to $42.8 million in the first quarter of 2009.
In a statement the company said its strategic communications sector was, “experiencing a gradual improvement in business trends,” and “reversing a decline that began in the fourth quarter of 2008.”
Overall, FTI reported revenues of $350 million for the first quarter of 2010, a slight increase from $347.8 million reported for the same period last year.
In the results, which were released this morning, FTI's operating income was down to $31.8 million in the first quarter, compared with $60.6 million for the same period last year.
The group declined to comment to PRWeek specifically on the results but in a statement, Jack Dunn, FTI's president and CEO, said the results "reflect the changing nature of the global economy."
"While activity is still far from robust, there appear to be signs of strength in many sectors," he added. "As anticipated, we experienced slowing results from our practices that serve companies undergoing economic challenge but the beginnings of growth from those practices that benefit in times of recovery."