Interpublic Group posts 3.9 per cent revenue jump for first quarter
Interpublic Group (IPG), parent company of agencies including Deutsch, Campbell Ewald and FCB, has reported a first quarter revenue of $1.74bn, up 3.9 per cent from the year prior.
The ad holding group also reported that its organic revenue increased 6.7 per cent during the first quarter, which was largely bolstered by an organic increase of 8.3 per cent in the US during the first three months of 2016.
In a statement, IPG said that it is “well-positioned to achieve high end of 2016 organic revenue growth target of 3-4 per cent.”
The New York-based company brought in an operating income of $20.9m during the first quarter, a jump from $7.8m the year prior.
Michael Roth, chairman and CEO of IPG, said of the earnings: “We are pleased to report another quarter of very strong performance, driven by solid contributions from across the portfolio. Our results reflect growth with existing clients, as well as new business wins, and strength in all geographic regions, led by notable domestic performance.”