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Interpublic Group posts second quarter revenue and income increases


By Minda Smiley | Reporter

July 21, 2016 | 2 min read

Interpublic Group (IPG) has posted second quarter revenue and profit increases following a solid first quarter.



On Thursday, the company reported that revenue increased to $1.92bn during the second quarter, up 2.2 per cent from the same period last year. IPG’s net income jumped to $160.2m in the second quarter, an increase from 2015’s Q2 posting of $123.8m.

It also experienced an organic revenue increase – a figure that does not take into account mergers, acquisitions and the impact of foreign currency - of 3.7 percent, attributed to an organic increase of 4.6 per cent in the US and 2.3 per cent internationally.

In a statement, CEO of IPG Michael Roth said: “We continued to see positive momentum from a broad range of our creative, marketing services and media offerings. Our digital capabilities also continued to be significant drivers of growth for us.”

He also noted that the New York-based company saw growth at most of its agencies, with R/GA and Huge leading the way.

Roth added that the company is “well-positioned’ to meet its 2016 financial targets. Last quarter, IPG updated its growth target to the high end of its three per cent to four per cent organic growth range.

Advertising IPG MIchael Roth

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