IPG's Revenue, Net Income Declines in Q2

Organic revenue rises less than 1%

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Net income and revenue declined for Interpublic Group in the second quarter, with the revenue outcome falling short of the expectations of industry analysts.

Interpublic ended the quarter with net income of $99 million, down nearly 3 percent from $101.7 million in the same quarter last year. Revenue in the period dipped more than 1 percent to $1.71 billion. Analysts had projected revenue growth of about 1 percent.

IPG attributed the revenue slip to account losses and currency fluctuations.

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