WPP Revenue Rises 5% in '07

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BOSTON WPP Group today shrugged off talk of a global economic downturn, predicting a strong 2008 performance as it posted a 7 percent rise in 2007 profit to slightly more than $1 billion on a 5 percent gain in revenue to about $12.3 billion, compared to the previous year. (In terms of constant currencies, revenue rose 8 percent, according to WPP.)

The London-based holding company, led by CEO Martin Sorrell, said in a statement that based on preliminary January 2008 data that show a 5 percent improvement in comparable year-ago revenue, he expects the current year to be an improvement on 2007.

“On

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