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FTI Consulting, Inc. reports developments across a global business-advisory platform organized around Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Company news includes quarterly results, segment performance and senior talent additions tied to restructuring, transactions, transformation, capital markets communications and regulated-industry advisory work.
Recurring updates also cover cybersecurity, data privacy, information governance, health and human services analytics, digital health and applied AI capabilities. Compass Lexecon affiliations add economics expertise for antitrust and other litigation-focused advisory work.
FTI Consulting (NYSE: FCN) appointed Tracy Wilkison as Senior Managing Director in its Cybersecurity practice, effective September 12, 2022. Wilkison, formerly U.S. Attorney for the Central District of California, brings over 20 years of experience in prosecuting cyber crimes, including the 2014 Sony Pictures hack. Her expertise aims to enhance FTI's capabilities in addressing complex cyber risks and compliance issues. This appointment reflects FTI's strategic expansion in cybersecurity, following several key hires in 2022.
FTI Consulting reported second quarter 2022 revenues of $755.0 million, a 6.1% increase from $711.5 million in the prior year. However, net income fell to $51.4 million, down from $62.8 million, reflecting higher expenses and a 19% drop in EPS to $1.43. Adjusted EBITDA also decreased, showing a margin contraction. The company reaffirmed its 2022 revenue guidance between $2.920 billion and $3.045 billion, along with EPS guidance between $6.40 and $7.20.
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FTI Consulting (NYSE: FCN) has unveiled a new suite of Advertising Technology (AdTech) privacy solutions aimed at addressing challenges posed by digital advertising and data privacy regulations. With digital advertising revenue exceeding $189 billion in 2021 and expected to grow, the new services will help clients manage compliance and mitigate risks. FTI Technology emphasizes the importance of aligning marketing strategies with data privacy best practices in the evolving AdTech landscape. Their services include AdTech Risk Assessment, governance model development, and consent management.
FTI Consulting, Inc. (NYSE: FCN) has announced the addition of five professionals to its global Aviation practice. This team, formerly from Strategy X Partners, enhances the firm's human capital and business strategy services. Key figures Gil Jones and Ben Kraszyk lead the team, bringing expertise in labor strategy, operational improvement, and restructuring. Their appointments follow an earlier addition of seasoned professionals and aim to address pressing labor needs in the aviation sector.
FTI Consulting, Inc. (NYSE: FCN) has appointed Monish Paul as Senior Managing Director in its Economic Consulting segment in Australia, reinforcing its commitment to the region. With over 25 years of experience and roles at IBM and Deloitte, Paul aims to enhance service offerings in Western Australia. His expertise spans government policy, infrastructure, and finance. Robert Southern, a senior director at FTI, highlighted that Paul’s leadership will strengthen their national team. FTI Consulting reported revenues of $2.78 billion in fiscal 2021, indicating its strong market position.
FTI Consulting (NYSE: FCN) announced the appointment of José Cortina as Senior Managing Director and Leader of the Risk and Investigations practice in Mexico. Cortina, based in Mexico City, has significant experience advising on compliance, internal investigations, and regulatory matters, focusing on risks like fraud and corruption. His leadership aims to strengthen FTI’s presence in Latin America. The company reported $2.78 billion in revenues for fiscal year 2021, highlighting its global advisory capabilities.
FTI Consulting forecasts U.S. online retail sales to hit $1.07 trillion in 2022, surpassing pre-pandemic predictions set for 2025. This marks an 11.7% increase from 2021, with a 31% improvement over earlier projections. Growth, driven by post-pandemic e-commerce adoption, is set to moderate due to inflationary pressures and a potential return to physical shopping. The online retail share will rise to 22.1% in 2022, with expectations to exceed $2 trillion by 2030. Overall, this indicates a compounded annual growth rate of nearly 8.5% for online sales into the next decade.
FTI Consulting, Inc. (NYSE: FCN) will release its second-quarter financial results for the period ending June 30, 2022, before the market opens on July 28, 2022. Following the announcement, a conference call will take place at 9:00 a.m. Eastern Time, led by senior management, to discuss the results. Investors can access the live simulcast via the company's investor relations website, where a replay will be available for 90 days. FTI Consulting generated $2.78 billion in revenues for the fiscal year 2021, providing critical business advisory services globally.
FTI Consulting (NYSE: FCN) announced the appointment of Martin Wong as Senior Managing Director in its Corporate Finance & Restructuring segment in Asia. Based in Singapore, Wong brings over 24 years of experience in corporate restructuring and insolvency, previously leading significant cases at KPMG. His expertise spans cross-border recovery, aiding underperforming firms to enhance financial outcomes. This strategic hiring reflects FTI's commitment to expanding its local capabilities, aligning with its ongoing growth in the Asia market.