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Interpublic Group reduced its net loss in the first quarter compared to the same quarter last year, in part due to double-digit revenue growth.
The loss amounted to $48.1 million or 10 cents a share, down from Q1 2010’s loss of $71.5 million or 15 cents a share.
Quarterly revenue grew more than 10 percent, to $1.47 billion, and on an organic basis, climbed 9 percent. Based on those metrics, Interpublic CEO Michael Roth reiterated his pledge to deliver end-of-year organic revenue growth of 4-5 percent and an operating margin of 9.5-10
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