NEW YORK: FTI Consulting’s strategic communications segment has reported a 14.3% increase in revenue in Q3 to $55.1 million.
The firm attributed the revenue increase to a $3.3 million increase in pass-through revenues and higher project-based revenues.
For the company as a whole, Q3 revenue also grew by 14.3% to $513 million, with FTI saying it saw higher demand across all of its business segments. FTI’s Q3 net income was up 37.6% to $44.3 million, due to higher operating profits and a $6.2 million gain, net of taxes, from the sale of the Ringtail e-discovery software and related business.
Strategic comms is one of six segments at the management consulting company, and its Q3 performance placed it in the middle of the pack in terms of revenue gain. The technology segment saw a 34.1% revenue increase to $56.7 million, while the economic consulting group reported a 24.5% improvement to $139.2 million. Meanwhile the forensic and litigation consulting group was up 6.8% to $126.7 million, and the corporate finance and restructuring unit saw an increase of 5.7% to $135.4 million.
For all of 2017, FTI reported global revenue of $192.5 million, up 1% from the prior year.