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Consulting firm $HCKT has expanded a strategic partnership with $ADP to give ADP customers access to its various services. The offerings of Hackett will help users of ADP’s ‘Workforce Now’ improve HCM performance and monitor the efficiency of their HR operations. ADP will also provide customers customized intellectual property from Hackett.
$CMCSA's Cable Communications witnessed strength in the connectivity business where 350,000 new broadband customers were added, thus increasing the business services revenue by 12.2%. CapEx at Cable Communication rose 2.8% to $2.2Bil in 4Q17, that fell in line with the plan outlined at the beginning of FY17
$CMCSA reported a 3.9% increase in its NBCUniversal revenue to $8.8Bil during 4Q17. Higher distribution and content licensing increased Cable Networks revenue by7.5% to $2.7Bil. Advertising revenue during the quarter increased 2.3%, reflecting higher rates.
$CMCSA's revenue for Cable Communication rose 3.4% to $13.3Bil during 4Q17, helped by increase in high-speed Internet, business services and video revenue. Advertising revenue decreased 12.4%, due to decrease in political advertising revenue. Voice revenue also fell 4.6% during the quarter.
$CMCSA's earnings soared to $14.9Bil, or $3.17 per share during 4Q17, compared to the prior-year period. This increase was mainly due to the one-time $12.7Bil tax gain associated with the new U.S. tax regulations. Adj. EPS was $0.49. Revenue was up 4% to $21.9Bil, helped by growth in the customer base in high-speed internet and business services.
$IT said worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5% from 2017. Enterprise software continues to exhibit strong growth, with worldwide software spending projected to grow 9.5% in 2018, and it will grow another 8.4% in 2019 to total $421Bil. The devices segment is expected to grow 5.6% in 2018.
$IT said worldwide PC shipments totaled 71.6MM units in 4Q17, down 2% from 4Q16. 2017 PC shipments surpassed 262.5MM units, down 2.8% from 2016. In the US, PC shipments surpassed 15.2MM units in 4Q17, down 8% YoY. PC shipments in EMEA were 21.8MM units in 4Q17, down 1.4% YoY.
Business advisory firm $FCN has appointed Jan Naifeh as Senior Managing Director of its Corporate Finance & Restructuring segment. Most recently, Naifeh served SunTrust Bank as SVP of the Corporate and Investment Banking Special Assets Division. The appointment is part of FTI’s continuing investment in its healthcare industry expertise.
During 2Q18, $RECN’s revenue in the US increased by 1.5% YoY, reflecting increased activity and bill rates in several of the company's largest markets. International revenue improved by 24.7% YoY, reflecting strength in the UK, Ireland and Sweden practices. Revenue in Europe grew 20.9% YoY, excluding revenue attributable to taskforce.
$RECN reported net income of $8.1MM or $0.27 per share in 2Q18 compared to $5.7MM or $0.16 per share in 2Q17. Revenue increased by 6.2% to $156.7MM compared to 2Q17. Excluding taskforce's revenue of $3.7MM in the quarter, revenue was up 3.7%.
$FCN announced the appointment of Elliot Sloane, former CEO and founder of Sloane & Company, as a Senior Managing Director in the firm’s Strategic Communications segment. Mr. Sloane will report to Brian Kennedy, the segment’s Head of the Americas.