FTI Consulting's RelativityOne Now Available Across Asia

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FTI Consulting, Inc.FCN yesterday announced that its FTI Technology segment has expanded its partnership with Relativity to offer the latter's e-discovery software solutions in Hong Kong and throughout Asia. RelativityOne is the cloud-based platform of Relativity.

Addition of Relativity platform to its portfolio in Asia should help FTI Consulting's clients to easily access RelativityOne and leverage its consulting and services expertise. Clients will be able to easily manage the risk of e-discovery and resolve local data privacy issues, with more efficiency and reduced capital expenses.

Notably, FTI Consulting is focused on expanding Relativity technology globally. The company is strengthening its foothold to meete-discovery and data governance challenges. To this end, on Aug 14, 2017, the company's Technology segment teamed up with kCura to provide clients with the combination of Relativity and its consulting and services. This was followed by the announcement of RelativityOne offering in the United Kingdom on Feb 27, 2018.

FTI Technology

FTI Technology is recognized as a leading provider of high-quality e-discovery consulting and services. The segment provides products, services and consulting to law firms, corporations and government agencies. It also focuses on collection, preservation, review and production of electronically stored information.

The segment accounts for almost 10-12% of the company's total reported yearly revenues. In 2017, it accounted for almost 10% of total revenues, which marks a decline from a contribution of 12% in 2015. Additionally, in fourth-quarter 2017, Technology segment revenues decreased by 5.9% from the prior-year quarter to $40.9 million. The decrease was primarily due to lower demand for managed review services. Adjusted segment EBITDA also declined to $3 million from $5.6 million in the prior-year quarter. This decrease was primarily due to lower revenues.

We believe that partnerships with Relativity and kCura involving Relativity technology across its portfolio marks a strategic business move to boost its Technology segment.

Zacks Rank & Price Performance

Currently, FTI Consulting is a Zacks Rank #1 (Strong Buy) stock. You can see the complete list of today's Zacks #1 Rank stocks here .

The stock has also performed well in the past six months. Shares of FTI Consulting have gained 34.6%, significantly outperforming the industry 's gain of 7% in the said time frame.

Other Stocks to Consider

Some other top-ranked stocks in the broader Business Services sector include CRA International CRAI , NV5 Global NVEE and CynergisTek CTEK . While CRA International and NV5 Global sport a Zacks Rank #1, CynergisTek is a Zacks Rank #2 (Buy) stock.

In the previous four quarters, CRA International, NV5 Global and CynergisTek delivered an average positive earnings surprise of 27.9%, 5.8% and 65.8%, respectively.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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