TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

MDC Partners Reports Tech, Digital Generated 51 Percent of Q1 Revenue

MDC Partners announced its earnings for the first quarter ending March 31, 2011, reporting revenue totaling $217.5 million, a 60 percent increase from $135.9 million in Q1 2010. The company also saw a 26.5 percent jump in organic revenue.  Net new business amounted to $8.2 million for the quarter. And technology and digital-related revenue totaled 51 percent of revenue for the quarter.

“While it’s still early in the year, with our differentiated model and a smart approach to investment and cost management, we are reiterating our 2011 fiscal year guidance,” said chairman and CEO Miles Nadal in a statement.

CFO David Doft also said that the company is “confident” it “can approach a $1 billion run rate in revenue in the next nine months.”

The revenue breaks down to $141.5 million for the Strategic Marketing Services Group, comprised of technology, integrated marketing and comms firms, and strategic consulting firms; and $76 million for the Performance Marketing Service Group, made up of the analytics, data, and consumer insights firms. MDC firms include Allison & Partners, Attention, Kwittken & Co, and Lime PR.

Among the top revenue-generating client sectors were consumer (32 percent of revenue), retail (15 percent),  and communications (12 percent).

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Register now!