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FTI Consulting, Inc. (NYSE: FCN) is a leading global business advisory firm committed to helping organizations manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., FTI Consulting operates with more than 8,000 professionals in 31 countries, delivering expert services across various domains.
The firm segments its operations into five critical areas:
- Corporate Finance and Restructuring: Specializes in business transformation, strategy, and restructuring services, providing solutions for optimal financial performance.
- Forensic and Litigation Consulting: Offers expertise in investigations, dispute resolution, and forensic accounting to support clients facing legal complexities.
- Economic Consulting: Delivers strategic consulting on economic issues, antitrust matters, and financial economics, aiding clients in navigating complex regulatory environments.
- Technology: Focuses on M&A-related services, litigation support, and leveraging digital tools to streamline business processes and enhance decision-making.
- Strategic Communications: Provides services in public affairs, corporate reputation management, and communication strategies to mitigate risks and strengthen client relations.
FTI Consulting serves a diverse clientele, including sectors like construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology. The majority of its revenue is generated within the United States, with the Corporate Finance segment being the largest contributor.
In recent developments, FTI Consulting has expanded its global aviation offering with the appointment of Frank Martin, enhancing their capability to navigate aviation sector challenges. The firm also focuses on digital transformation, highlighted by the appointment of Shubho Ghosh to bolster their Business Transformation practice, aiding clients in developing and implementing digital strategies for revenue growth and operational efficiency.
Financially, FTI Consulting reported a revenue increase to $3.49 billion for the year 2023, reflecting a 15.2% rise from the previous year, attributed to higher demand across all segments. The firm maintains a robust financial position with net income of $274.9 million and a steady cash flow, underpinned by strategic investments in talent and digital transformation initiatives.
FTI Consulting's commitment to delivering value extends to its private equity services, led by Jiva J. Jagtap, focusing on value creation and post-transaction strategies. The firm is also proactive in cybersecurity, addressing communication gaps between CISOs and the C-suite to enhance organizational resilience against evolving cyber threats.
For more information, visit www.fticonsulting.com or contact their investor relations team.
FTI Consulting (NYSE: FCN) has expanded its Fund Administration practice in the Cayman Islands, gaining a Mutual Fund Administrators License from the Cayman Islands Monetary Authority (CIMA). The firm now provides administration services for both closed and open-ended mutual funds, enhancing its existing offerings in Corporate Finance & Restructuring. Key services include NAV calculations and cash management, utilizing market-leading software for efficiency. Leading the team is Managing Director Rudolf Weder, who brings over 15 years of relevant experience. This expansion allows FTI Consulting to cater to a broader range of clients, reinforcing its commitment to high standards of service.
FTI Consulting (NYSE: FCN) announced the election of Elsy Boglioli as an independent director effective April 7, 2023, increasing the Board size to ten members. Ms. Boglioli, aged 41, founded Bio-Up in 2019 and has extensive experience in healthcare technology and consulting. Previously, she served as EVP and COO of Cellectis and held a senior role at Boston Consulting Group. She also sits on several boards, including GenSight Biologics and OSE Immunotherapeutics. Non-executive Chairman Gerard E. Holthaus praised her experience, saying it will benefit the company as it pursues growth. Ms. Boglioli expressed enthusiasm about contributing to FTI's future success. FTI Consulting generated $3.03 billion in revenues in fiscal year 2022 and employs over 7,600 professionals across 31 countries, focusing on helping organizations manage change and mitigate risk.
FTI Consulting (NYSE: FCN) will announce its financial results for Q1 2023 on April 27, before New York market opens. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time, hosted by senior management, to discuss the financial data. The call will be available via live simulcast on the company's investor relations website, with a replay accessible for 90 days. For context, FTI Consulting generated $3.03 billion in revenue in fiscal year 2022 and operates globally with over 7,600 employees across 31 countries.
FTI Consulting (NYSE: FCN) announced an enhanced partnership with Reveal, a leader in AI-powered e-discovery solutions, to expand its service offerings. This collaboration allows FTI Technology to utilize the full suite of Reveal 11, improving early case assessments and global data hosting capabilities. With advanced AI technologies, the partnership aims to provide clients with reduced data volumes and faster insights during investigations. FTI leverages its consultants trained in Reveal to facilitate efficient workflows in complex litigation cases. The partnership's benefits include global support for data processing and specialized tools to promote relevant information in legal reviews.
FTI Consulting announced a partnership with NetDocuments to enhance legal departments' content management and automation workflows. This strategic collaboration aims to provide flexibly integrated cloud-based solutions, improving core legal functions such as document management. The ongoing expansion of FTI's Corporate Legal Operations practice focuses on supporting clients with strategic transformation and technology adoption. The partnership will help corporate legal teams achieve better returns on technology investments and increase productivity through optimized workflows. FTI Consulting generated $3.0 billion in revenues in fiscal year 2022.
FTI Consulting (NYSE: FCN) announced the appointment of Cristiano Rios as Senior Managing Director within its Business Transformation Practice in Brazil, effective March 20, 2023. Rios brings over 20 years of experience in business consulting, focusing on transformation and operational strategies across various sectors. His role will involve driving sustainable results in cost reduction, supply chain optimization, and merger integrations. This appointment underscores FTI's commitment to global expansion and addressing client needs, particularly in regions already served by their services.
FTI Consulting (NYSE: FCN) has appointed Ali Karami Ruiz as a Senior Managing Director in its Strategic Communications segment, enhancing its Public Affairs practice. Ruiz, with extensive experience at Business at OECD, will focus on expanding FTI's Multilateral Organisations offering, helping clients navigate complex international policies. His role involves advising businesses on engagements with key multilateral institutions like the OECD and UN, amidst increasing geopolitical challenges. FTI generated $3.0 billion in revenue during fiscal year 2022, showcasing its solid market position.
FTI Consulting (NYSE: FCN) has released findings from The General Counsel Report 2023, focusing on the pressures faced by legal departments. The study reveals that 67% of legal leaders are integrating automation and advanced technologies to enhance productivity while managing tight budgets. Key insights include that 47% are hiring specialists in their legal teams, while 60% rely on external law firms to address capacity constraints. Despite only 20% reporting current use of artificial intelligence, 57% anticipate increasing its adoption. The pandemic's legacy continues to challenge compliance and retain employees in hybrid work environments.
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