Marsh sees revenues increase in 2012 Q2

Marsh & McLennan Companies, Inc. (NYSE: MMC) saw revenue increase in 2012 Q2 and in the first half of 2012.

Consolidated revenue for the quarter ended June 30 was approximately $3 billion, up 3% from $2.9 billion in 2011 Q2, notes a press release from Marsh, a global professional services firm that provides advice and solutions in risk, strategy and human capital. For the first six months of 2012, revenues were almost $6.1 billion, compared with about $5.8 billion for the first half of 2011.

“We produced revenue growth in each of our operating companies, as well as excellent growth in operating income in both risk and insurance services and in consulting, with meaningful margin improvement,” Brian Duperreault, president and CEO of Marsh, says in the statement.

Risk and insurance services recorded $1.7 billion in revenue for 2012 Q2, up 5% from the same period in 2011, while the consulting segment saw revenue of $1.3 billion, 2% higher than in the second quarter of 2011.

“Outstanding” operating results in the second quarter of 2012 “demonstrate that we continue to track favourably against our long-term performance goals,” Duperreault says.

Comparing the second quarters of 2012 and 2011, operating income rose 11%, to $518 million, while net income was $329 million compared with $282 million.

For the half-year ended June 30, income from continuing operations was $693 million, or $1.23 per share compared with $605 million, or $1.06 per share.