• by Steve McClellan  @mp_mcclellan, July 26, 2012

Interpublic Group reported Thursday a decline in its second quarter 2012 revenue of 1.4% to $1.72 billion, while net income was down 3% to $105.5 million.

IPG’s organic revenue growth (ORG), which excludes acquisitions and divestitures and which is seen as a key industry performance metric, lagged behind key holding company competitors in the quarter.

IPG said that second quarter organic growth was up just 0.8%, as result of account losses in the U.S. where ORG dropped 3.2%. Outside the U.S. the company’s ORG rose 6% in the second quarter.

By comparison, Publicis Groupe last week said its second quarter organic growth was up 1.6% in Q2, while Omnicom earlier reported 5.1% organic growth for the same period.

For the first six months of 2012 IPG revenue was essentially flat at $3.22 billion while net income grew 7% to just under $60 million.