IPG Q2: Revenue Up; Profits Down

Interpublic Group posted a 2.4% gain in revenue for the second quarter to $1.76 billion with a 19% drop in net income to $82.8 million.

Organic growth for the period was 2.2%.

For the first six months the company reported revenues of $3.3 billion, roughly flat from the prior year period with a net income drop of 45% to $26.5 million. Organic growth for the first half was 2.3%.

Company CEO Michael Roth reaffirmed full-year guidance of achieving organic revenue growth of between 2% and 3% and profit margin improvement of half a percentage point. 

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