Net income at Interpublic Group grew significantly in both the second quarter and first half of the year, amid modest revenue growth.
Publicis Groupe grew significantly in the last quarter of 2014, ending the year with $9.62 billion in revenue, good enough to maintain its No. 3 position among ad holding companies.Net income for all of '14, however, fell 9 percent to $815 million, due in part to costs related to acquisitions and the company's failed merger with Omnicom Group.
Omnicom Group's organic revenue grew more than 6 percent in the third quarter, as overall revenue climbed more than 7 percent to $3.75 billion.
Omnicom Group generated net income of more than $318 million in the second quarter, up 13 percent from the same period last year.Revenue for the quarter grew 6 percent to $3.87 billion, exceeding the estimates of Wall Street analysts, who had projected revenue of $3.74 to $3.82 billion, according to Yahoo Finance.
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.
Publicis Groupe, in the process of a merger with Omnicom Group, said organic growth was flat in the fourth quarter of last year, in contrast to a 3 percent rise in the first nine months.