By Angela Chen
Marsh & McLennan Cos. said its revenue fell 3% in the June
quarter as the stronger dollar continued to weigh on results.
The New York-based professional-services firm generates more
than half of its revenue outside of the U.S. At the end of 2014,
34% of its top line came from Europe.
Still, Chief Executive Dan Glaser said he was pleased with the
performance "given the macro headwinds we are facing."
In the company's risk and insurance segment, the larger of its
two businesses, revenue fell to $1.75 billion from $1.79 billion.
The company's consulting business posted a revenue decrease to
$1.49 billion from $1.52 billion.
In all, Marsh & McLennan reported a profit of $419 million,
down from a profit of $431 million a year earlier. Per-share
earnings were flat at 77 cents.
Excluding certain items, earnings rose to 80 cents a share from
79 cents.
Revenue fell to $3.23 billion from $3.3 billion the year
earlier.
Analysts were looking for 79 cents in earnings per share and
$3.35 billion in revenue.
Shares were inactive premarket and have risen about 1% this
year.
Write to Angela Chen at angela.chen@wsj.com
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