Interpublic Group's net income more than tripled in the first half of the year, thanks to solid revenue and earnings growth in the second quarter. Second-quarter net income grew 24 percent to $99.4 million, from $79.9 million in the same period last year. Revenue for the quarter grew 5 percent to $1.85 billion.
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.
Google topped $15 billion in first quarter revenue but still reported lower costs per click while the industry shifts to less expensive mobile ads.
Omnicom Group achieved modest profits in the second quarter and first half of this year amid low single-digit revenue growth. For the quarter, net income and revenue grew 2 percent to $289.5 million and $3.63 billion, respectively, Omnicom reported today.
Interpublic executives sounded an optimistic note in releasing first-quarter results today, noting recent new business wins at its largest operating unit McCann Worldgroup and saying the company is on the way to meeting full-year revenue growth targets of
Publicis Groupe today reported a 23 percent increase in 2012 net income to $982 million, thanks to growth from digital services and its agencies in the U.S. and developing markets.
Omnicom Group, boosted by stronger-than-expected organic growth, today reported a net income gain of nearly 13 percent in the last quarter of 2012.