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Interpublic Group today reported a net loss of nearly $21 million in the first quarter of the year, despite solid revenue growth of 6 percent.
The company ended the quarter with $1.64 billion in revenue, up from $1.54 billion in the same period last year. On an organic basis, revenue grew nearly 7 percent, including about 5 percent in the U.S. and more than 9 percent outside the U.S.
Quarterly expenses related to salaries, however, rose 5 percent to $1.19
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