WPP's revenues grew 12.2% over the third quarter of 2009, while Interpublic's rose 9.4%.
Both companies indicated that the long-term macro economy remains uncertain, but said the near-term results are due to a combination of both internal and external improvements.
"This continuing overall improvement is most welcome, particularly after the brutality of a post-Lehman 2009," WPP stated in its earnings release. "Calendar 2010 looks set fair with a good fourth quarter in prospect, particularly as most of our clients budget on a calendar year basis. Forecasts of global GNP growth by the World Bank and others for 2011 seem to be at similar levels as in 2010, at around 4% or more. However, companies, our clients, have continuing concerns about Eurozone contagion and American consumer demand, deficit reduction, increased taxation, currency wars and protectionism at election time."
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