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 CEO Michael Roth today defended his compensation as mid-tier compared to his competitors.
Both net income and revenue climbed at Havas in 2012, in what CEO David Jones described today as a strong year. On a constant currency basis, net income grew 5 percent to $162.6 million, while revenue rose 8 percent to $2.3 billion, according to Havas. The company ended the year with an operating margin of 13.5 percent, up slightly from 13.4 percent in 2011.