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MDC Partners posted a 7.5 percent gain in organic revenue in the third quarter (factoring out currency fluctuations and the impact of acquisitions), but blamed flat net income on the timing of revenue recognition and higher costs associated with an increase in new-business pitches.
In the quarter, MDC said overall revenue increased nearly 33 percent to $178.6 million. (MDC now derives 45 percent of its revenue from business related to digital communications and technology, up from 43 percent in the second quarter.)
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