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NEW YORK — Interpublic Group on Thursday reported worldwide revenue of $1.4 billion for the first quarter of 2002, down 15 percent from the same quarter last year.
The company attributed the decline to lower spending by current clients, “carryover effects” of merger-related client losses in 2001 and IPG’s “disproportionate exposure” to the U.S. ad sector, compared to its peers.
IPG also reported net income of $66.7 mil. for the quarter. In the first quarter of 2001, IPG reported a net loss of $28.7
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