Finally, in the quarter, we incurred approximately 65 basis points of expenses and investments that not only do we believe will not recur but should actually enhance performance in many cases during the rest of the year. As I said, in a moment, I'll turn it over to Roger to drill down further on these items.On the revenue side, the analysis is very compelling and reflects an interesting picture of the world. From a geographical perspective, the results appear well-correlated to headlines from today's papers. Activities in Latin America, by all accounts, a cauldron of investment industry and intrigue, grew by 100% year-over-year. All of our services are represented there, and all had good quarters reflective of the nature of the economic activity in this vibrant part of the world. Asia Pacific slipped from the housing and growth rates it enjoyed most of last year, again, reflective of its economy and perhaps a growing concern about China. EMEA, which for us is Europe, the Middle East and Africa was particularly strong with growth of 42%. While perhaps in Congress, with the headlines of double-dip recession, credit crisis and political upheaval, on further analysis, our restructuring, tax, arbitration and economic practices all have excellent presence there. So these results, I believe, appear to represent the strength of our company in the phase of the economy that Europe is going through and perhaps a precursor of what will happen in other parts of the world as the credit crisis worsens.
FTI Consulting's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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